Morning Bell 8 July

Jessica Amir
July 8, 2021

The Aussie share market is set to open higher, with the futures suggesting a modest lift of 0.2% or 11 points.

What to watch today:

  • The NSW Treasury estimates that Sydney’s three week lockdown will cost the NSW economy $2.5 billion, with hospitality hit the hardest. Long term investors could take advantage of stocks pulling back as a result. Watch Endeavour Group (ASX:EDV).
  • The RBA Governor will give a speech on the labour market and interest rates today at 12:30pm AEST.
  • The oil price (WTI) briefly hit a new six year high before pulling back to US$72.00.
  • The iron ore price rose 0.2% to US$214.00.

Trading Ideas:

  • Speciality chemical business DGL Group (ASX:DGL) was reiterated as a Bell Potter BUY with an increased price target of $1.65, implying 18% share price growth in a year. DGL was listed this year on the ASX.
  • Medadviser (ASX:MDR), Ingenia (ASX:INA) and Altium (ASX:ALU) are all giving off bullish charting signals according to Trading Central.

Weekly Wrap 23 July

Jessica Amir
July 23, 2021

Morning Bell 23 July

Jessica Amir
July 23, 2021

Morning Bell 22 July

Jessica Amir
July 22, 2021

Morning Bell 21 July

Sophia Mavridis
July 21, 2021

Morning Bell 20 July

Paulina Peters
July 20, 2021

Morning Bell 19 July

Jessica Amir
July 19, 2021

Weekly Wrap 16 July

Jessica Amir
July 16, 2021

Morning Bell 16 July

Sophia Mavridis
July 16, 2021

Morning Bell 15 July

Paulina Peters
July 15, 2021

Morning Bell 14 July

Jessica Amir
July 14, 2021

Morning Bell 13 July

Jessica Amir
July 13, 2021