Skip to main content

Morning Bell 25 June

Jessica Amir
June 25, 2020

The Aussie share market is eyeing a 1.6% fall at the open.

It’s the final countdown, just four trading days remains until the end of the financial year, so tax loss selling of those underperforming stocks is expected to continue.

What to watch today:

  • CSL (ASX:CSL) announced it will buy an exclusive global license rights to commercialise an adeno-associated virus (AAV) gene therapy program.
  • Qantas (ASX:QAN) entered into a trading halt pending capital-raising announcement.
  • Oxygen companies and companies that will be needed with the second COVID-19 wave like Medical Developments International (ASX:MVP), small company ResApp (ASX:RAP)  and ResMed (ASX:RMD).

Local Trading ideas:

  • Select Harvest (ASX:SHV) is touted to possibly buy RFF’s Mooral almond orchard.  Select Harvest was reiterated as Bell Potter buy.
  • Sonic Healthcare (ASX:SHL) had it’s EPS upgraded by 35% by Citi, with a fall expected next year. Bell Potter upgraded the stock to a buy, it’s also a buy for Citi.
  • Qube (ASX:QUB) signed two leases with Woolies (ASX:WOW) in Moorebank. Qube’s balance sheet is very strong with cash of over $1 billion, Citi subsequently downgraded Qube from a buy to a hold.

Morning Bell 29 February

Sam Kanaan
February 29, 2024

Morning Bell 28 February

Grady Wulff
February 28, 2024

Morning Bell 27 February

Grady Wulff
February 27, 2024

Morning Bell 26 February

Grady Wulff
February 26, 2024

Weekly Wrap 23 February

Grady Wulff
February 23, 2024

Morning Bell 22 February

Sam Kanaan
February 22, 2024

Morning Bell 21 February

Grady Wulff
February 21, 2024

Morning Bell 20 February

Grady Wulff
February 20, 2024

Morning Bell 19 February

Grady Wulff
February 19, 2024

Weekly Wrap 16 February

Sophia Mavridis
February 16, 2024