Skip to main content

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.

Morning Bell 7 February

Grady Wulff
February 7, 2024

Morning Bell 6 February

Grady Wulff
February 6, 2024

Morning Bell 5 February

Sam Kanaan
February 5, 2024

Weekly Wrap 2 February

Grady Wulff
February 2, 2024

Morning Bell 2 February

Sam Kanaan
February 2, 2024

Morning Bell 1 February

Sam Kanaan
February 1, 2024

Morning Bell 31 January

Grady Wulff
January 31, 2024

Morning Bell 30 January

Grady Wulff
January 30, 2024

Morning Bell 29 January

Grady Wulff
January 29, 2024

Morning Bell 25 January

Sam Kanaan
January 25, 2024

Morning Bell 24 January

Grady Wulff
January 24, 2024

Morning Bell 23 January

Grady Wulff
January 23, 2024