Morning Bell 24 June

Jessica Amir
June 24, 2020

The Aussie share market is eyeing a 3rd day of gains with the futures suggesting a 0.2% lift at the open after global equities charged and ratings agency Moody’s affirmed Australia’s AAA rating.

What to watch today:

  • CSR (ASX:CSR) holds its AGM.
  • Following the gold rush, keep an eye on gold companies like Gold Road Resources (ASX:GOR), Newcrest Mining (ASX:NCM), Northern Star Resources (ASX:NST), Evolution Mining (ASX:EVN), IGO Ltd (ASX:IGO) & St Barbara (ASX:SBM).

Local trading ideas:

  • AMP (ASX:AMP) was reiterated as a buy by Bell Potter, increasing its target to $2.50 as AMP is set to receive $1.1 billion following the sales of its life insurance business on 30 June.
  • Woolworths (ASX:WOW) was reiterated as a buy by UBS following the supermarket’s stronger sales numbers announced yesterday, but weaker than expected profit.
  • Perenti Global (ASX:PRN) mining services company was reiterated as a buy by UBS but it dropped its price target to $2.00.
  • Citi reiterated Harvey Norman (ASX:HVN) as a buy with a price target of $4.60.

Morning Bell 12 June

Jessica Amir
June 12, 2020

Morning Bell 11 June

Bell Direct
June 11, 2020

Morning Bell 10 June

Jessica Amir
June 10, 2020

Morning Bell 9 June

Jessica Amir
June 9, 2020

Weekly Wrap 5 June

Jessica Amir
June 5, 2020

Morning Bell 5 June

Jessica Amir
June 5, 2020

Morning Bell 4 June

Jessica Amir
June 4, 2020

Morning Bell 3 June

Jessica Amir
June 3, 2020

Morning Bell 2 June

Jessica Amir
June 2, 2020

Morning Bell 1 June

Jessica Amir
June 1, 2020