Between The Bells podcast

#Trading #Business #Bell Direct #Online Share Trading #Ausbiz #Asx200 #Investing #Economics

28:24

In our second installment of the Small Business Starter Kit series - we’re tackling a topic that’s sometimes tricky, sometimes confusing, but ever-present: taxes. Hosts Austin and Jannese have an insightful conversation with entrepreneur Isabella Rosal who started 7th Sky Ventures , an exporter and distributor of craft spirits, beer, and wine. Having lived and worked in two different countries and started a company in a heavily-regulated field, Isabella is no stranger to navigating the paperwork-laden and jargon-infused maze of properly understanding taxes for a newly formed small business. Join us as she shares her story and provides valuable insight into how to tackle your business’ taxes - so they don’t tackle you. Learn more about how QuickBooks can help you grow your business: QuickBooks.com See omnystudio.com/listener for privacy information.…

Between the Bells

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1460 episodes

Between the Bells

updated about 10 hours ago

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1460 episodes

#Trading #Business #Bell Direct #Online Share Trading #Ausbiz #Asx200 #Investing #Economics

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Between the Bells

1
Morning Bell 27 March 2:49

10 hours ago2:49

2:49

Wall St closed lower overnight as Donald Trump announced a new 25% tariff on auto imports into the United States. The Dow Jones fell 0.31%, the S&P 500 lost 1.12% and the tech-heavy Nasdaq dropped by over 2%. In terms of US stocks, Meta Platforms and Amazon lost more than 2%, Alphabet closed more than 3% lower and Tesla closed nearly 6% in the red. Over in Europe, markets closed lower as investors react to new tariffs implemented over in the US. The STOXX600 dropped 0.7%, led by autos which fell by 2.6%. Germany’s DAX lowered 1.17%, the French CAC closed nearly 1% lower, whilst over in the UK, the FTSE100 rose by 0.3%. Locally yesterday, the ASX200 rose by 0.71% with all but one major sector closing in the green. Gains were led by the consumer staples and real estate sectors which rose by 1.19% and 1.15% respectively. This was offset by the health sector which fell by over half a percent by the closing bell. Monthly inflation data was released yesterday coming in at 2.4% for February. This was lower than consensus of 2.5% and the forecast of 2.6%. The CPI falling is a good thing for the RBA’s outlook for rate cuts to come as inflation drivers are all moving in the right direction – wages price inflation came down, GDP uptick, retail sales easing and the unemployment rate ticked back up to 4.1% which is favourable for the rate cut journey. What to watch today: The Australian share market is set to open lower with the SPI futures suggesting a fall of 0.46% at market open this morning. On the commodities front this morning, Oil is trading 1.36% higher at 69 US dollars and 94 cents a barrel, as investors increase concerns over tight oil supply. Gold fell by just 0.04% to 3019 US dollars an ounce and iron ore is trading 0.03% lower at 102 US dollars and 18 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on Whitehaven Coal (ASX:WHC) and has a 12-month price target of $7.70. The buy rating is maintained by Bell Potter as their balance sheet will significantly de-risk with the Blackwater selldown completion in late March 2025. As well, further productivity enhancements across WHC’s Queensland portfolio should support higher production, hence the buy rating is maintained. Trading Central has identified a bullish signal on Perseus Mining (ASX:PRU), indicating that the stock price may rise from the close of $3.23 to the range of $3.53-$3.61, on a pattern formed over 8 days, according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 26 March 2:50

1 day ago2:50

2:50

Wall St closed higher overnight for its third straight session on higher hopes of softer US tariffs. The Dow Jones rose slightly by 0.01%, the S&P 500 jumped 0.16% and the tech-heavy Nasdaq gained 0.46%. Europe followed the US and closed higher with the STOXX600 rising 0.67%, with all major sectors closing in positive territory. Germany’s DAX climbed 1.13%, the French CAC gained 1.08% and over in the UK, the FTSE100 ended Tuesday’s session 0.3% in the green. Locally yesterday, the market has continued with the same volatility we’ve seen over the past few weeks with the ASX200 rising by 0.07%. Gains were led by the information technology and health sectors which rose by 1.87% and 0.98%. This was slightly offset by the consumer staples sector which fell by 0.86% by market close. Australia’s Federal budget for 2025-2026 was handed down last night but should pose little impact on the market movements today as much of the government spend updates were pre-announced. However, the one key highlight was that the budget deficit is expected to widen to $42.1bn, or 1.5% of GDP in 2025-2026. The key inclusions were the $150 energy bill relief for all Australians to help with cost of living pressures, an $8.5bn boost to Medicare, $1bn in military spend which has been brought forward with the total defence spend at $10.6bn over the next 4-years, and states and territories will also be offered almost $50m in funding to grow local housing industries amid the housing crisis currently operating in Australia. What to watch locally today, The Australian share market is set to open higher with the SPI futures set to rise by 0.59% at market open this morning. On the commodities front this morning, oil is trading 0.12% higher at 69 US dollars and 19 cents a barrel, gold is trading 0.28% higher at 3018 US dollars an ounce and iron ore is trading 0.21% higher at 102 US dollars and 21 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on Gold Road Resources (ASX:GOR), with a 12-month price target of $3.20. With a current share price of $2.79, this indicates a share price growth of 14.7% over the next 12-months, hence the buy rating is maintained. And Trading Central has identified a bullish signal on Tabcorp Holdings (ASX:TAH), indicating that the share price may rise form the close of $0.62 to the range $0.73-$0.75, on a pattern formed over 18 days, according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 25 March 4:05

2 days ago4:05

4:05

Wall Street started the new trading week higher across the key indices as investors remain optimistic that President Donald Trump may hold back from implementing some of his tariff plans that could lead to an escalated trade war and economic slowdown in the US. The Dow Jones rose 1.42% on Monday, the S&P500 climbed 1.76% and the tech-heavy Nasdaq ended the day up 2.27%. Across the European markets on Monday, markets in the region closed slightly lower as investor optimism around Trump easing tariffs faded. The STOXX 600 fell 0.13%, Germany’s DAX lost 0.17%, the French CAC dropped 0.26% and, in the UK, the FTSE100 ended the day down 0.1%. Asia markets closed Monday’s session mixed as Trump’s reciprocal tariff deadline of April 2 draws closer. South Korea’s Kospi Index lost 0.42%, and Japan’s Nikkei fell 0.18%, while Hong Kong’s Hang Seng rose 0.91% and China’s CSI index rose 0.51%. Locally to start the week, the ASX200 seesawed between positive and negative before ending the day just 0.07% higher as a banking rally offset heavy losses among staples, tech and industrials stocks. Investors took some profits from the supermarket giants yesterday following a strong rally for both Coles and Woolworths on Friday amid the lack of evidence of price gauging found by the ACCC in their investigation. Synlait Milk shares tumbled over 8% on Monday after the milk producers’ latest results failed to impress investors despite the NZ-based company reporting a swing to profitability with a 105% increase in NPAT to $4.8m. And global building materials and fibre cement company James Hardie Industries weighed on the market gains yesterday following the company announcing it has entered into an agreement to acquire US-based AZEK which is a leader in providing high-performance, low-maintenance building products and solutions. Investors fled the stock upon release of the announcement as the deal is valued $14bn, which is an expensive multiple to pay, around 23 x EBITDA compared to JHX current multiple of 12x. What to watch today: Ahead of Tuesday’s trading session in Australia the SPI futures are anticipating the ASX will open the day up 0.45% tracking Wall Street’s gains overnight. On the commodities front this morning oil is trading 1.25% higher at US$69.13/barrel, gold is down 0.4% at US$3011.82/ounce and iron ore is down 0.15% at US$102/tonne. The Aussie dollar has further strengthened against the greenback to buy US$0.62, 94.72 Japanese Yen, 48.62 British Pence, and NZ$1.09. Trading Ideas: Bell Potter has increased the rating on Catalyst Metals (ASX:CYL) from a hold to a buy and have raised the 12-month price target on the gold production and development company from $4.45 to $5.50 following the company’s announcement of the sale of its non-core Henty Gold Mine to Kaiser Reed to simplify the business, enable greater focus on the expansion and exploration of the flag ship Plutonic Gold Operation and adding a clow cost and rapid option to unlock value at the Bendigo Project. And Trading Central has identified a bearish signal on ARB Corporation (ASX:ARB) following the formation of a pattern over a period of 8-days which is roughly the same amount of time the share price may fall from the close of $34.00 to the range of $26.25 to $27.50 according to standard principles of technical analysis.…

Between the Bells

1
Morning Bell 24 March 3:50

3 days ago3:50

3:50

Wall St closed a turbulent week higher on Friday as Trump, once again, signalled there would be some ‘flexibility’ with tariffs, however, he did maintain that the tariffs implemented at the April 2 deadline will be reciprocal, saying all countries that have tariffs on US goods will be taxed. The Nasdaq rose 0.2%, the Dow Jones added just 0.08%, and the S&P500 also ended the day up 0.08%. Companies are increasingly confused over the tariff implications in the US and as a result as uncertain about spend, hiring and forecasting until there is more clarity around tariff implications. In Europe on Friday, markets in the region closed lower led by travel stocks tumbling amid London’s Heathrow Airport closure due to a fire on Friday. The STOXX 600, French CAC and the UK’s FTSE100 ended the day down 0.6%, while Germany’s DAX ended the day down 0.5%. Across Asia markets on Friday, stocks mostly fell in the region due to ongoing uncertainty around the US economy and tariff implications. Hong Kong’s Hang Seng fell 2.19%, China’s CSI index fell 1.52%, South Korea’s Kospi index ended the day up 0.23%, and Japan’s Nikkei ended the day down 0.2%. Locally on Friday, the ASX200 rose 0.17% despite Wall Street’s turbulence on Thursday as market heavyweights propelled the key index to a positive finish. For the week, the ASX200 rose 1.83% Australia’s supermarket giants posted strong gains on Friday after the ACCC released its 441-page findings of its ‘price gauging’ investigation. Investors welcomed the findings outlining minimal evidence was found of price gauging and no disciplinary action would be taken against the two key providers in Coles and Woolworths. What to watch today: Ahead of Monday’s trading session the SPI futures are anticipating the ASX will open the new trading week down 0.51%. Commodity prices took a hit late in the week last week which weighed on the local materials sector as China’s property market remains depreciated, and Trump’s tariffs continue hurting demand for critical metals like copper. On the commodities front this morning, oil is trading 0.31% higher at US$68.28/barrel, gold is down 0.75% at US$3023.65/ounce and iron ore is down 0.15% at US$102/tonne. The Aussie dollar has slightly weakened against the greenback to buy US$0.62 cents, 93.69 Japanese Yen, 48.55 British Pence and NZ$1.09. Trading Ideas: Bell Potter has initiated coverage of Cuscal (ASX:CCL) with a buy rating and a 12-month price target of $3.40 on the payments and regulated data service provider. Bell Potter’s analyst sees compound gross revenue growth of 17.7% pa driven primarily by growth in transaction revenue across all core competencies and client wins. The company also has demonstrated a track record of innovation, investment and timing with launching milestone connectivity for all mobile payments and acquiring Basiq in 2024 to expand its market presence and offering. And Trading Central has identified a bullish signal on Regis Healthcare (ASX:REG) following the formation of a pattern over a period of 109-days which is roughly the same amount of time the share price may rise from the close of $6.72 to the range of $7.50 to $7.70 according to standard principles of technical analysis.…

Between the Bells

1
Weekly Wrap 21 March 5:47

6 days ago5:47

5:47

Locally this week, the ASX200 rose 1.66% (Mon – Thurs), recovering some earlier losses. Ten of the eleven industry sectors closed in the green, while consumer staples were slightly lower. Energy stocks advanced the most, up 3.5% over the week so far. In this week’s wrap, Grady covers: (0:10): the latest on Trump’s tariffs & US policy volatility (0:37): fresh stimulus & economic data in Hong Kong (1:00): China’s latest economic data (2:10): what this week’s unemployment data means for the Aussie economy (3:58): the best & worst performing stocks on the ASX200 this week (4:45): the most traded stocks & ETFs by Bell Direct clients (5:11): economic news items to watch next week.…

Between the Bells

1
Morning Bell 20 March 3:14

7 days ago3:14

3:14

Wall St closed higher on Wednesday after the Fed said two rate cuts are still on the cards for 2025. The Dow Jones rose 0.92%, the S&P500 added 1.08% and the Nasdaq ended the day up 1.41%. The US central bank maintained the current cash rate as was widely expected at the latest meeting overnight however boosted investor sentiment by saying two rate cuts are still coming this year. In Europe overnight, markets closed mostly higher led by the French CAC rising 0.7%, while the STOXX 600 added 0.26%, Germany’s DAX fell 0.34% and the UK’s FTSE 100 ended the day flat. The APAC markets closed the midweek session mixed on turbulence in the US on Tuesday and after Japan’s central bank maintained interest rates steady at 0.5% and signalled potential impact of US President, Donald Trump’s tariffs. Japan’s Nikkei lost 0.25%, South Korea’s Kospi index rose 0.62%, China’s CSI index closed flat and Hong Kong’s Hang Seng also ended the day flat. The market movements locally yesterday matched the rollercoaster of sentiment around the globe right now, with the ASX bouncing between red and green before sliding in afternoon trade with the key index ending the day down 0.41%. Materials stocks came under pressure yesterday amid a 5.1% sell-off in Mineral Resources following the cessation of haulage on its crucial Onslow iron haul road, while gold miners also slipped as traders took profits on the record gold price rally this week. Mortgages insurer Helia Group took the biggest hit yesterday with a 15% dive after shares traded ex-dividend. What to watch today: On the commodities front this morning oil is trading 0.5% higher at US$67.23/barrel, gold is up 0.51% at US$3047/ounce and iron ore is up 0.1% at US$102.42/tonne. The Aussie dollar has further strengthened overnight to buy 63.61 US cents, 94.61 Japanese Yen, 49.13 British Pence and 1 New Zealand dollar and 9 cents. Ahead of Thursday’s trading session on the ASX the SPI futures are anticipating the ASX will open the day up 0.67% tracking Wall Street’s gains overnight. Trading Ideas: Bell Potter has upgraded the rating on Alcidion (ASX:ALC) from a hold to a buy and maintain a 12-month price target of 11cps on the healthcare IT company following a significant restructure of the business through reducing headcount and operating expenses, while also signing its largest commercial contract to date with NCIC to the value of $37.5m over 10-years. Trading Central has identified a bearish signal on Stockland Corp (ASX:SGP) following the formation of a pattern over a period of 5-days which is roughly the same amount of time the share price may fall from the close of $4.88 to the range of $4.54 to $4.60 according to standard principles of technical analysis.…

Between the Bells

1
Morning Bell 19 March 3:55

8 days ago3:55

3:55

Wall Street slipped into the red again on Tuesday with the S&P500 fighting to stay out of correction territory as it trades 8.6% below its recent record, as investors remain concerned over the impacts Trump’s tariffs will have on the US economy. The Dow Jones lost 0.62%, the S&P500 shed 1.07% and the tech-heavy Nasdaq ended the day down 1.71%. Tesla shares have been hit hard lately and took a further 5% tumble on Tuesday after RBC Capital Markets lowered its price target on the EV company citing rising competition in the EV space. Over in Europe on Tuesday, markets in the region closed higher as investors assessed momentum in Germany’s historic debt reform deal, which unlocks a major stimulus package for higher defence, infrastructure and climate fund spending. The STOXX 600 rose 0.61%, Germany’s DAX added 1.03%, the French CAC gained 0.5% and, in the UK, the FTSE100 ended the day up 0.29%. Across the APAC region overnight Hong Kong’s Hang Seng rallied again to a three-year high yesterday, ending the day up 2.29% as investors continue piling into tech stocks listed on the index following fresh stimulus and strong economic data out in the region. China’s CSI index rose 0.27%, Japan’s Nikkei gained 1.2% and South Korea’s Kospi Index ended the day up 0.06%. Locally, the ASX started the week higher before pulling back yesterday as the local market is taking strong lead from Wall Street movements amid global uncertainty over Trump’s tariffs and subsequent implications of taxes imposed on good being imported into the US. Rising geopolitical tensions in the form of Israel launching a wave of airstrikes across the Gaza Strip on Tuesday propelled the price of gold to another fresh record high as investors flock into the safe-haven asset in times of great uncertainty. Defensive stocks in the utilities, consumer staples and healthcare sectors all outperformed yesterday, for a similar reason to gold’s rally, as investors look for investments that are mostly unaffected by a downturn in the economy. On that note, Woolworths shares jumped over 1% yesterday after Macquarie upgraded the supermarket to an outperform rating, while former Woolworths alcohol arm, Endeavour slipped 1.6% yesterday after Goldman Sachs downgraded the alcohol retailer to neutral. What to watch today: Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day down 0.66% tracking Wall Street’s turbulence overnight. On the commodities front this morning, oil is trading 0.94% lower at US$66.95/barrel, gold is up 1.10% to a fresh record US$3032.60/ounce, and iron ore is down 0.52% at US$102.32/tonne. The Aussie dollar has further strengthened against the greenback overnight to buy US$0.63, 94.99 Japanese Yen, 49.15 British Pence and 1 NZ$1.09 cents. Trading Ideas: Bell Potter has decreased the 12-month price target on REA Group (ASX:REA) from $281 to $264 and maintain a buy rating on the leading online real estate listings platform following the release of February property data including a national listings declining 8% YoY for the month. REA also guided to ‘flat-to-marginal’ increase in FY25 listings amid a slow housing market in Australia at present.…

Between the Bells

1
Morning Bell 18 March 2:07

9 days ago2:07

2:07

Wall St closed higher to start the trading week, posting back to back session gains following recent tariff policy news which has softened the market. The Dow Jones rose by 0.85%, the S&P500 jumped 0.65% and the tech-heavy Nasdaq rallied by 0.31%. Over in Europe, markets followed the US and closed higher to start the trading week on a positive note. The STOXX600 closed 0.79% higher with all but one major sector closing in the green. Germany’s DAX jumped 0.73%, the French CAC climbed 0.56% and over in the UK, the FTSE100 ended Monday’s trading session 0.73% in the green. Locally yesterday, the Australian share market rose by 0.83% with the majority of sectors closing in the green. Gains were led by the materials and energy sectors which rose by 1.97% and 1.72% respectively. This was offset by the health sector which fell by 0.27% by market close. What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.67% at market open this morning. On the commodities front this morning, Oil is trading 0.45% higher at 67 US dollars and 48 cents a barrel, gold is trading 0.6% higher at 3001 US dollars an ounce and iron ore is trading 0.68% higher at 102 US dollars and 85 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on Nufarm Ltd (ASX:NUF) with a 12-month price target of $4.75. With a current share price of $3.84, this indicates a share price growth of 23.7% over the next 12-months, hence the buy rating is maintained. And Trading Central has identified a bullish signal on Nick Scali (ASX:NCK), indicating that the stock price may rise from the close of $15.69 to the range of $19.20-$20, on a pattern formed over 26 days according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 17 March 3:33

10 days ago3:33

3:33

What a week it was on markets last week as Trump tariffs and global trade war concerns spread fear throughout global markets leading to a mass sell off in equities and the price of safe-haven gold topping US$3000/ounce for the first time ever. Wall Street reversed some of last week’s losses to close higher across the key indices on Friday as news out of the Whitehouse around tariffs eased on Friday which prompted investors to reconsider buying into equities following days of sharp selloffs. The Dow Jones rose 1.65% on Friday, the S&P500 added 2.13% and the Nasdaq ended the day up 2.61%. The see-saw of tariffs being on, and off Trump’s policy front has spooked markets over the last week as investors shift portfolios into safe-haven assets to manage the current high volatility among equities and global markets. In Europe on Friday markets closed higher after German lawmakers came closer to agreeing on reforming the country’s debt-brake rule. The STOXX 600 rose 1.14%, Germany’s DAX climbed 1.65%, the French CAC added 1.05%, and, in the UK, the FTSE100 ended the day up 1.13%. Across the APAC region last week, markets mostly rose on Friday despite Wall Street’s tumble on Thursday. Japan’s Nikkei rose 0.72%, Hong Kong’s Hang Seng added 2.12%, China’s CSI index gained 2.43% but South Korea’s Kospi Index ended the day down 0.28%. Locally on Friday the ASX200 recovered some ground with a 0.52% rise at the closing bell, but the key index posted a 2% fall for the week last week. Rate sensitive sectors of tech and consumer discretionary took the biggest hits last week as consumers fear inflation in the U.S. and locally can rebound as a result of Trump’s tariffs. What to watch locally today: Ahead of Monday’s trading session on the ASX, the SPI futures are anticipating the local market will open the new trading week up 1.09% tracking Wall Street’s rise on Friday. On the commodities front this morning oil is up 0.95% at US$67.18/barrel, gold is up 2.47% at US$2983/ounce and iron ore is up 0.7% at US$102.85/tonne. The Aussie dollar has slightly strengthened to buy US$0.63, 94.10 Japanese Yen, 48.64 British Pence and NZ$1.10. Trading Ideas: Bell Potter has initiated coverage of Seek (ASX:SEK) with a buy rating and a 12-month price target of $27.00 with the view that the company’s market leading portfolio is centralised for scaling. Seek is the largest marketplace in Australia for job advertisements and the analyst can see potential ad volumes increasing as macro tailwinds are driven by the RBA’s cutting cycle. And Trading Central has identified a bearish signal on South32 (ASX:S32) following the formation of a pattern over a period of 70-days which is roughly the same amount of time the share price may fall from the close of $3.53 to the range of $2.96 to $3.06 according to standard principles of technical analysis.…

Between the Bells

1
Weekly Wrap 14 March 4:53

13 days ago4:53

4:53

How have markets reacted to the US tariffs? News headlines around the US saw the Australian market decline over 2% Monday to Thursday this week, with information technology and industrials down the most. The only two industry sections in the green over this week so far, are utilities up 2% and energy up 1.05%.…

Between the Bells

1
Morning Bell 13 March 2:15

14 days ago2:15

2:15

Wall St closed mixed overnight following the release of a softer than expected inflation report. The Dow Jones fell by 0.2%, the S&P 500 rose by nearly half a percent and the tech-heavy Nasdaq jumped 1.22%. Core inflation data month was released overnight coming in at 0.2%, lower than the consensus and forecast of 0.3% and its previous result of 0.4%. Over in Europe, markets closed higher despite the announcement by the European Union of an introduction of tariffs on a variety of US imports. The STOXX600 rose by 0.81%, Germany’s DAX climbed 1.56%, the French CAC rallied 0.59% and over in the UK, the FTSE100 ended Wednesday’s trading session higher by 0.53%. Locally yesterday, the ASX200 fell by 1.32% with all but one major sector closing in the red. Losses were led by the consumer discretionary and industrial sectors which lost 2.02% and 1.88% respectively. This was slightly offset by the utilities sector which rose by just 0.02%. What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.23% at market open this morning. On the commodities front this morning, Oil is trading 2.17% higher at 67 US dollars and 69 cents a barrel as easing inflation boosted market sentiment. Gold is trading 0.62% higher at 2933 US dollars an ounce and iron ore is trading 0.06% higher at 101 US dollars and 5 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on Alkane Resources (ASX:ALK) with a 12-month price target of $1.20. With a current share price of $0.59, this indicates a share price growth greater than 100%, hence the buy rating is maintained. And Bell Potter also maintains a buy rating on Elders (ASX:ELD) with a 12-month price target of $9.40. At a current share price of $6.91, this indicates a share price growth of 36% over the next 12-months, hence the buy rating is maintained.…

Between the Bells

1
Morning Bell 12 March 2:14

15 days ago2:14

2:14

Wall St closed lower overnight as the Dow Jones loses more than 450 points. The S&P 500 dropped 0.75%, the tech-heavy Nasdaq lost 0.18% and the Dow Jones fell by over 1%. The S&P 500 was in the green at one point of the trading session until Donald Trump declared that Canadian steel and aluminum duties would double from 25% to 50%. Over in Europe, markets followed the US and closed lower as trade tensions between the US and Canada escalate. The STOXX600 fell by 1.7%, led by autos which fell by 2.13%. Germany’s DAX closed 1.29% lower, the French CAC lost 1.31% down and over in the UK, the FTSE100 ended Tuesday’s trading session 1.21% in the red. Locally yesterday, the ASX200 fell by 0.91% with the majority of sectors closing in the red. Losses were led by the information technology and industrial sectors which fell by 3.95% and 1.98% respectively. This was offset by the utilities sector which gained 1.37% by the closing bell. What to watch today: The Australian share market is set to open lower with the SPI futures predicting a fall of 0.95% at market open this morning. On the commodities front this morning, Oil is trading 0.89% higher at 66 US dollars and 62 cents, gold is trading 1.09% higher at 2915 US dollars an ounce and iron ore is trading 0.3% lower at 100 US dollars and 99 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on Regal Partners (ASX:RPL) and has a 12-month price target of $5. With a current share price of $2.83, this indicates a share price growth of 76.7%, hence the buy rating is maintained. And Trading Central has identified a bullish signal on AGL Energy (ASX:AGL), indicating that the stock price may rise from the close of $10.13 to the range of $12.20-$12.60, on a pattern formed over 19 days, according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 11 March 2:57

16 days ago2:57

2:57

Our local market started the week retrieving earlier losses, gaining 0.18% yesterday, as energy, materials and utilities advanced. Polynovo (ASX:PNV) rebounded, leading the market up 4.6% at the close, while Beach Energy (ASX:BPT) closely followed. On the other hand, Johns Lyng Group (ASX:JLG) tumbled over 12% yesterday following the announcement that JP Morgan is now a substantial holder. Overnight, the 3- week market sell off in the US equities intensified as the key benchmarks continue to close in the red. The Dow Jones down nearly 900 points, the S&P500 down 2.7%, while the Nasdaq had its worst session since 2022, closing 4% lower. Investors are cautious amid fears that that uncertainty around tariff policy may tip the economy into a recession. What to watch locally today: Following US equities, the Australian market is set to open lower, with the SPI futures suggesting a drop of 0.88%. In commodities, Crude Oil is down 1.7% trading at US$65.90, nearing a 6- month low. Gold is down 0.78% at US$2,889 an ounce but remained near record highs as trade tensions continued to shape market sentiment, with investors closely watching U.S. inflation data due later this week for insights into the Federal Reserve’s next moves. While iron ore is up slightly, trading at US$101.29. And the Aussie dollar is buying US$0.63, 49 British pence, 92.43 Japanese Yen and NZ$1.10. Trading Ideas: Bell Potter maintain a BUY rating on AMA Group (ASX:AMA) after the accident repair group reported a good result for the first half of FY25 last month. AMA also reiterated its FY25 guidance. There is no change to Bell Potter’s price target of $0.08 which was updated last month following the release of the company’s financial results. The price target is a more than 50% premium to the share price. And Trading Central have identified a bullish signal in ClearView Wealth (ASX:CVW) indicating that the stock price may rise from the close of $0.47 to the range of $0.55 - $0.57 over 7 days, according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 10 March 2:21

17 days ago2:21

2:21

On Wall Street on Friday markets ended the week higher in what was the worst week the S&P 500 has had since September. The Dow Jones rose over half a percent, the tech-heavy Nasdaq gained 0.71% and the S&P500 jumped 0.56%. A US jobs data report was released on Friday, falling below expectations to 151,000 jobs in February, well below the consensus of 170,000 jobs predicted by economists. Over in Europe, markets closed lower on Friday following investor reactions to tariff implementation over in the US. The STOXX600 fell 0.46%, it’s first losing session of the year. Germany’s DAX dropped 1.75%, the French CAC lost 0.94% and over in the UK, the FTSE100 closed 0.03% lower. Locally on Friday, the ASX200 closed 1.81% lower with all but one major sector closing in the red. Losses were led by the information technology and real estate sectors which fell by 3.04% and 3% respectively. This was offset by the consumer staples sector which gained 0.35% by the closing bell. What to watch today: The Australian share market is set to open higher, with the SPI futures predicting a rise of 0.87% at market open this morning. On the commodities front this morning, Oil is trading over 1% higher at 67 US dollars and 4 cents a barrel as Donald Trump threatened Russia with sanctions if they fail to reach a ceasefire with Ukraine. Gold is trading slightly higher by 0.04% at 2911 US dollars an ounce and iron ore is trading 0.05% higher at 101 US dollars and 29 cents a tonne. Trading Ideas: Bell Potter maintains a speculative buy rating on Southern Cross Gold Consolidated Ltd (ASX:SX2) with a current share price of $3.60. Bell Potter has set a 12-month price target of $4.80, indicating a share price growth of 33.3%, hence the speculative buy rating is maintained. And Trading Central has identified a bearish signal on Westpac Banking (ASX:WBC), indicating that the stock price may fall from a close of $30.57 to the range of $26-$26.90 on a pattern formed over 109 days, according to the standard principles of technical analysis.…

Between the Bells

1
Weekly Wrap 7 March 4:38

20 days ago4:38

4:38

Market movements this week were characterised by turbulence in US equities. The ASX200 declined 0.95% Monday to Thursday, with the energy sector weighing down on the market the most, followed by consumer staples and utilities. In this week’s wrap, Sophia covers: (0:45): why defensive stocks have outperformed (2:11): shifts in global currency markets (2:29): the surge in optimism surrounding the Euro (3:16): how the ASX200 performed this week so far (3:44): the most traded stocks & ETFs by Bell Direct clients (4:08): economic news items to watch out for.…

Between the Bells

1
Morning Bell 6 March 2:44

21 days ago2:44

2:44

Wall St closed higher overnight following back-to-back losses after an exemption was given to automakers from Donald Trump’s tariffs, giving investors hope that more concessions will be made. The Dow Jones rose 1,14%, the S&P500 jumped 1.12% and the tech-heavy Nasdaq closed Wednesday’s trading session 1.46% higher. A one-month delay on tariffs were given to automakers whose cars comply with the Unites States-Mexico-Canada agreement. Stellantis rose by 10%, whilst Ford and General Motors both gained 5% and 8% respectively. Over in Europe, markets closed higher as investors have increased optimism that Donald Trump’s tariffs could be relaxed. The STOXX600 rose by 0.91% with autos rising by 2.4%. This was offset by the utilities and food and beverage stocks which ended the day in negative territory. Germany’s DAX soared 3.38%, the French CAC rallied 1.56% and over in the UK, the FTSE100 fell slightly by 0.04%. Locally yesterday, the ASX200 fell by 0.69% with the vast majority of major sectors closing in the red. Losses were led by the consumer staples and energy sectors which fell 3.56% and 1.68% respectively. This was offset by the utilities sector which rose by 0.11% by market close. GDP growth rate data quarter on quarter was released yesterday coming in at a rise of 0.6%, higher than the consensus of 0.5% and the previous result of 0.3%. What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.21% at market open this morning. On the commodities front this morning, Oil is trading 2.72% lower at 66 US dollars 40 cents a barrel as OPEC+ supply increases and continued geopolitical tensions weigh on sentiment. Gold is trading 0.17% higher at 2919 US dollars an ounce and iron ore is trading 0.79% higher at 101 US dollars and 61 cents a tonne. Trading Ideas: Bell Potter maintains a speculative buy rating on Alpha HPA Ltd (ASX:A4N) and has a 12-month share price of $2. With a current share price of $0.87, this indicates a share price growth of 129% over the next 12-months, hence the buy rating is maintained. And Trading Central has identified a bearish signal on Auckland International Airport Ltd (ASX:AIA), indicating that the share price may fall from the close of $7.30 to the range of $6.60-$6.70, on a pattern formed over 7 days, according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 5 March 2:28

22 days ago2:28

2:28

In the US overnight, Wall Street extended its losing run as fresh tariffs came into effect on Tuesday, US time. The Dow Jones fell by 1.55%, the tech-heavy Nasdaq lost 0.35% and the S&P500 ended the day 1.22% lower. Investors fear the global trade will impact the health of the US economy with retaliatory tariffs from China, Canada and Mexico in motion already. Over in Europe, markets closed lower as global investors brace for impact on the ongoing tariff war. The STOXX600 closed over 2.14% in the red, it’s biggest daily drop since August last year. Germany’s DAX fell 3.54%, the French CAC lost 1.85% and over in the UK, the FTSE100 closed Tuesday’s trading session down 3.54%. The local market was sold off broadly yesterday as investor fears of Trump tariff implications spread through the ASX. The key index fell 0.58% as every sector aside from healthcare stocks ended the day in the red, with energy stocks taking the biggest hit with a more than 3% loss. What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.97% at market open this morning. In terms of economic news, GDP growth rate data will be released for Quarter 4 with a consensus and forecast of a 0.5% increase, 0.2% more than its previous result. On the commodities front this morning, Oil is trading 0.85% lower at 67 US dollars and 75 cents a barrel, gold is trading up 0.82% at 2914 US dollars an ounce and iron ore is trading 5.7% lower at 100 US dollars and 81 cents a tonne following the announcement of new US tariffs on Canada, Mexico and China now taking effect. Trading Ideas: Bell Potter maintains a buy rating on Develop Global (ASX:DVP) and has a 12-month price target of $4. With a current share price of $2.93, this indicates a share price growth of 36.5% over the next 12 months, hence the buy rating is maintained. Trading Central has identified a bearish signal on NAB (ASX:NAB), indicating that the stock price may fall from the close of $35.05 to the range of $28.50-$29.75 on a pattern formed over 8 days, according to the standard principles of technical analysis.…

Between the Bells

1
Morning Bell 4 March 4:48

23 days ago4:48

4:48

Wall St started the new trading week sharply lower as investors brace for the impact of Trump’s tariffs on Mexico and Canada, of which come into effect on Tuesday US time. The Dow Jones fell 2.1%, the S&P500 lost 2.3% and the tech-heavy Nasdaq ended the day down a sharp 3.2%. Investor hopes of a last-minute deal to prevent the tariffs from going ahead were dashed in afternoon trade after President Trump reiterated the 25% levies on imports from Mexico and Canada will go ahead from Tuesday. Companies that face a direct hit from the tariffs tumbled yesterday including Ford and General Motors. Over in Europe on Monday, markets closed higher as defence stocks continue to surge amid renewed spend in the sector. The STOXX 600 rose 1.1%, Germany’s DAX rose 2.6%, the French CAC added 1% and, in the UK, the FTSE 100 ended the day up 0.7%. Across the Asia region on Monday, markets mostly rose as investors awaited clarity on Trump’s tariff plans. Japan’s Nikkei rose 1.7%, Hong Kong’s Hang Seng rose 0.44%, Taiwan’s Taiex index fell 1.3% and China’s CSI index closed down just 0.04%. Locally on Monday the ASX started the new trading month in the green with the key index posting a 0.9% rise at the closing bell and all sectors ended the day higher led by Energy stocks rising 2.02%. The positive market sentiment comes ahead of a wave of tariff implications out of the US commencing this week which is set to shake up market returns and outlook, while we are also bracing locally for the latest slew of economic data with the GDP reading out later in the week. The energy rally on Monday was amid investor outlook for the price of oil to rise when tariffs on Mexico and Canada come into effect as they are two major exporters of crude. Embattled casino operator Star Entertainment Group shares were suspended on Monday following a trading halt after the company failed to lodge accounts to the ASX for reporting season. Medical imaging giant Pro Medicus jumped 3.2% on Monday after the company signed yet another deal to roll out its core imaging tools. The deal worth $40m is with US radiology provider LucidHealth and will see Pro Medicus devices and systems rolled out throughout the LucidHealth network. What to watch today: Ahead of Tuesday’s trading session here in Australia the SPI futures are anticipating the ASX will open the day down 1.35% following Wall Street’s tumble overnight. On the commodities front this morning oil is trading 2.3% lower at US$68.16/barrel, gold is up 1.11% at US$2888.53/ounce and iron ore is down 0.21% at US$106.90/tonne. The Aussie dollar has weakened against the greenback to buy US$0.62, 92.84 Japanese Yen, 49.13 British Pence and NZ$1.11. Trading Ideas: Bell Potter has maintained a buy rating on Harvey Norman (ASX:HVN) and have raised the 12-month price target on the home goods giant to $6.00/share following the release of 1H25 results including some key beats in the Australian franchising division and also in the NZ operations. Single digit earnings growth across most metrics was reported and the analyst increased the 12-month price target due to multiple catalysts near-mid-term such as improving sales trends and the growing AI movement. And Bell Potter has slightly increased the 12-month price target on Bub’s Australia (ASX:BUB) to 15.5cps and maintain a hold rating on the infant formula producer following the release of the company’s 1H25 results including net revenue growth of 24% to $48.5m, EBITDA of $0.5m compared to a loss of $6.8m in the PCP, and outlook for net revenue target for FY25 of $102m. The analyst sees Bub’s continues to make inroads into the US however remains cognisant of the potential impact of tariffs (if any).…

Between the Bells

1
Morning Bell 3 March 2:15

24 days ago2:15

2:15

Over in Wall St on Friday markets closed higher to end the week following a losing month for the major averages. The Dow Jones gained 1.39%, the S&P 500 jumped 1.59% and the tech-heavy Nasdaq rose by 1.63%. Over in Europe, the STOXX600 and Germany’s DAX closed flat on Friday, with the French CAC rising 0.1% and over in the UK, the FTSE 100 ended 0.61% higher by market close on Friday. Locally on Friday, the ASX200 fell 1.16% with all but one major sector closing in the red. Losses were led by the information technology and materials sectors which fell 2.86% and 2.47% respectively. This was offset by the communication services sector which rose by 0.24% by the closing bell. What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.59% at market open. On the commodities front this morning, Oil is trading 0.84% lower at 69 US dollars and 76 cents a barrel, marking the first monthly decline since November over geopolitical tensions. Gold is trading 0.65% lower at 2856 US dollars an ounce, and iron ore is trading 0.16% lower at 106 US dollars and 90 cents a tonne. Trading Ideas: Bell Potter maintains a speculative buy rating on Aeris Resources (ASX:AIS) and has a 12-month price target of $0.30. The speculative buy rating is maintained as AIS is a copper dominant producer with all its assets in Australia. It’s near-term outlook is highly leveraged to the copper price and increasing grades and production at the Tritton copper mine. Successful delivery offers significant upside and a strategically attractive asset in Tritton, hence the buy rating is maintained. Trading Central has identified a bearish signal in Goodman Group (ASX:GMG), indicating that the share price may fall from the close of $31.31 to the range of $23.25-$24.75, on a pattern formed over 212 days, according to the standard principles of technical analysis.…

Between the Bells

1
Weekly Wrap 28 February 5:04

27 days ago5:04

5:04

In the final week of reporting season, the ASX200 declined 0.34%, as technology stocks tumbled, while utilities and financial stocks offset some of the local market gains. This reporting season, 24 companies released their financial results, with 86 beatings expectations, 83 meeting expectations and 75 missing expectations. 37 companies have been upgraded by brokers, while 42 have been downgraded. In this week’s wrap, Sophia covers: (0:42): why Qantas continues to soar as turbulence rocks other airlines (1:13): Light & Wonder’s share price reaching records (1:55): differing investor reactions to the results of Woolworths & Coles (2:56): the best & worst performing stocks & ETFs this week (3:58): the most traded stocks by Bell Direct clients (4:22): economic news items to watch out for.…

Between the Bells

1
Morning Bell 27 February 4:16

28 days ago4:16

4:16

Wall St overturned its recent red run to close higher on Wednesday as investors overlooked concerns around Trump’s tariffs and into areas of opportunity in the market. The S&P500 rose 0.01%, only just snapping a 4-day losing streak, while the Nasdaq gained 0.26% and the Dow Jones ended the day up 0.43%. Nvidia’s results out overnight boosted the AI-market darling up 3% ahead of the results release after the closing bell. Nvidia’s results once again beat expectations with sales growing 78%, revenue coming in at US$39.33bn and EPS rose to US$0.89/share. The outlook is also very strong for revenue of US$43bn in Q1 as global demand for AI drives tailwinds for the company. European markets ended the midweek session higher amid strong corporate earnings beats across the region. The STOXX 600 rose 0.99%, Germany’s DAX rose 1.73%, the French CAC added 1.15%, and, in the UK, the FTSE100 ended the day up 0.72%. Earnings from Budweiser maker AB Inbev, Adecco, and Munich Re each rallied yesterday after reporting earnings beats. Across the APAC region on Wednesday, markets closed mixed taking lead from Wall St on Tuesday and amid key pledges out of governments in the region. Hong Kong’s Hang Seng rose 3.63% led by tech stocks after the city pledged in its budget to develop itself into an AI hub. Japan’s Nikkei fell 0.25%, and South Korea’s Kospi index rose 0.41%. Locally on Wednesday the ASX200 fell 0.14%, weighed down by the materials sector falling 1.61%, while Real Estate stocks fell 1.3%. Energy and Financials stocks offset some of the market losses with gains of 1.3% and 0.71% respectively. Bapcor rallied over 13% yesterday after the leading provider of aftermarket parts, accessories and services released strong first half results including strong cost reduction plans to increase cash conversion which has enabled the company to bay down debt and reinvest in growth plans this financial year to date. Light & Wonder also rose over 7% after the gaming company reported FY24 results including a 10% rise in revenue to a record $3.2bn, a 110% jump in net income to $336m and guided to low double-digit income growth for Q1FY25. What to watch today: Ahead of Thursday’s trading session here in Australia the SPI futures are anticipating the ASX will open the day down 0.12%. On the commodities front this morning oil is trading 0.16% lower at US$68.82/barrel, gold is down 0.07% at US$2916/ounce and iron ore is down 0.02% at US$107.17/tonne. The Aussie dollar has slightly weakened against the greenback overnight to buy 63.03 US cents, 93.98 Japanese Yen, 49.89 British Pence and 1 New Zealand dollar and 11 cents. Trading Ideas: Bell Potter has slightly decreased the 12-month price target on Kogan.com (ASX:KGN) from $5.10 to $5.00 and maintain a hold rating on the online retailer following a 1H result that came in line with expectations. The slight decrease in 12-month price target is due to earnings downgrades by the analyst as Kogan’s Mighty Ape business had some transition issues post a website upgrade last year. Bell Potter has downgraded the price target on Woolworths (ASX:WOW) from $31.75 to $30.75 and maintain a hold rating on the leading supermarket giant after the company reported first half results below BPe on an NPAT front and provided softer near-term guidance.…

Between the Bells

1
Reporting Season Video February 2025 Week 4 7:02

29 days ago7:02

7:02

As we enter into the 4th week of Reporting Season, we have seen 174 companies release results with 61 beating expectations, 62 meeting expectations and 51 missing expectations. In this weeks video, Grady covers: Domino’s (ASX:DMP): Dropped 9% after a $20m loss, impacted by cost pressures and store closures Johns Lyng Group (ASX:JLG): Plunged 28% as project delays and weak insurance claims hit earnings Zip Co (ASX:ZIP): Jumped 15% on record first-half results, with cash earnings up 120% and US growth surging Woodside (ASX:WDS): NPAT doubled to $3.6bn, but underlying profit slipped 14% on weaker oil and gas prices.…

Between the Bells

1
Morning Bell 26 February 4:33

29 days ago4:33

4:33

Over in the US on Tuesday, Wall St closed mostly lower following the release of the most recent consumer confidence survey that came in much weaker than expected. The S&P500 fell 0.47% for its fourth consecutive losing session while the Nasdaq declined 1.35%, but the Dow Jones ended the session up 0.37%. Escalating trade tensions are also weighing on investor sentiment and contributing to market uncertainty as investors weigh up the impacts of Trump’s tariffs on Mexico and Canada which are set to be imposed next week. In Europe overnight, markets closed mixed in the region as corporate earnings and defence spend in the region remain a key focus for investors. The STOXX 600 rose 0.15%, Germany’s DAX lost 0.13%, the French CAC fell 0.49%, and in the UK, the FTSE 100 ended the day up 0.11%. Across the APAC region on Tuesday, markets closed lower as investors await the full impact of Trump’s tariffs on the region. Japan’s Nikkei lost 1%, South Korea’s Kospi Index lost 0.57% after South Korea’s central bank unexpectedly cut rates in a bid to stimulate the slowing economy, and Hong Kong’s Hang Seng lost 1.32%. The local market reversed Monday’s gain to close 0.68% lower on Tuesday as a sharp sell-off in tech and discretionary stocks offset gains among utilities and staples stock. Investors have been very reactive to reporting season updates whilst also keeping an eye on valuations and movements out of the US, especially on the tariffs front. We had a slew of corporate results out yesterday that sparked mixed reactions among investors with sharp rises and falls reported in key share prices. Domino’s Pizza shares tumbled over 10% after the leading global pizza maker swung to a loss in the first half amid $116m in one-off store closure related costs due to the company closing 205 loss-making stores. Johns Lyng Group was the worst performer yesterday with shedding over a quarter of its value as the share price plummeted over 30% after the company downgraded group earnings guidance. The building and restoration services provider across Aus and the US faced a challenging operating environment especially in Australia with benign weather conditions reducing the volume of insurance claims, while the US had project commencement delays impacting performance. And on the other hand, 2024 market darling Zip Co soared 14% yesterday on impressive 1H results including total transaction value up 23.9% to $6.2bn, lower bad debts, cash earnings more than doubling, increased growth in the US market and the company launched into the personal loans market in January. What to watch today: Ahead of the midweek session on the ASX, the SPI futures are anticipating the ASX will open the day down 0.30% tracking Wall Street’s lower session overnight. On the commodities front this morning oil is trading 2.7% lower at US$68.83/barrel, gold is down 1.58% at US$2903/ounce and iron ore is up 0.06% at US$107.19/tonne. The Aussie dollar has weakened against the greenback to buy US$0.63, 94.39 Japanese Yen, 50.16 British Pence and 1 NZ$1.11 cents. Trading Ideas: Bell Potter has slightly decreased the 12-month price target on Adairs (ASX:ADH) from $2.85 to $2.65 but maintain a buy rating on the leading furniture retailer following the release of the company’s first half results including revenue growth of 6.6% which was a good improvement from the last trading update however, the company’s Focus on Furniture brand continues to weigh on results. And Trading Central has identified a bearish signal on Praemium (ASX:PPS) following the formation of a pattern over a period of 23-days which is roughly the same amount of time the share price may fall from the close of $0.78 to the range of $0.73 to $0.75 according to standard principles of technical analysis.…

Between the Bells

1
Morning Bell 25 February 4:01

4 weeks ago4:01

4:01

Wall Street started the new trading week lower, extending on Friday’s sharp inflation-data driven sell-off as many of the major tech companies come under pressure amid concerns over weakness in data centre spend and overvaluation in the space. The S&P500 lost 0.5% on Monday, the Nasdaq fell 1.21% and the Dow Jones ended the day down 0.08%. Trump tariffs are also weighing on investor sentiment at present after Trump said tariffs on Canada and Mexico will ‘go forward’ after the monthlong postponement ends next week. In Europe overnight, markets mostly fell as investors reacted to the results of the German federal election. The STOXX 600 fell 0.08%, Germany’s DAX rose 0.62%, the French CAC lost 0.78% and, in the UK, the FTSE100 ended the day flat. Shares in leading global on-demand food delivery company Just Eat Takeaway soared 54% after tech investor Prosus announced its plans to acquire the company in a deal worth $4.3bn. Across the APAC region on Monday markets mostly fell taking lead from Wall Street’s worst session of the year last Friday after fresh inflation data in the US pointed to a slowing economy and sticky inflation. China’s CSI index fell 0.22%, Hong Kong’s Hang Seng fell 0.58%, South Korea’s Kospi index lost 0.35% and Japan’s Nikkei was closed for a holiday. Locally to start the week, the ASX200 posted a 0.14% rise at the closing bell as strong gains for utilities and financial stocks more than offset the 6.84% tumble in tech stocks. Logistics software solutions provider WiseTech Global was the driver of the tech plummet yesterday as shares in the company dived 20.09% following news that four directors on the company’s board quit over founder Richard White’s ongoing role with the company. NIB Holdings on the other hand rose 12.5% after the company reaffirmed guidance for FY25 profits between the range of $235 - $250m as it focuses on a return to profitability for its New Zealand business. And EVT shares posted the greatest gain on the market yesterday with a rise of 12.88% after the property developer and operator posted a strong first half result including profits up 8.3% YoY which beat estimates by 83% driven by the company’s hotel division achieving record earnings during the period. What to watch today: Ahead of Tuesday’s trading session here in Australia the SPI futures are anticipating the ASX will open the day down a sharp 0.76% tracking Wall Street’s sell-off overnight. On the commodities front this morning, oil is trading 0.68% higher at US$70.88/barrel, gold is up 0.61% at US$2952/ounce and iron ore is up 0.12% at US$107.13/tonne. The Aussie dollar has strengthened against the greenback to buy US$0.63, 95.04 Japanese Yen, 50.03 British Pence and NZ$1.11. Trading Ideas: Bell Potter has downgraded the rating on Domain (ASX:DHG) following the announcement of US property giant CoStar making a $2.7bn takeover bid for the real estate platform. Nine Entertainment Co has a 60% controlling stake in Domain which remains a block for the acquisition, but Bell Potter’s analyst sees the takeover bid as attractive. And Trading Central has identified a bullish signal on Rural Funds Group (ASX:RFF) following the formation of a pattern over a period of 33-days which is roughly the same amount of time the share price may rise from the close of $1.79 to the range of $1.88 to $1.90 according to standard principles of technical analysis.…

Between the Bells

1
Morning Bell 24 February 3:34

4 weeks ago3:34

3:34

As we enter the final week of reporting season, the Australian market is set to open in the red, following the Dow Jones dropping 700 points on Friday in the US, the worst day for the Dow this year so far. This comes from the release of soft US data, including a decline in consumer sentiment, home sales dropping more than expected and a five-year inflation outlook survey higher-than-expected. The economic data sparked concerns among US investors over a slowing economy and sticky inflation. Bank stocks were sold off and losses advanced toward the close on Friday, amid news headlines of additional tariffs and other government policies moving markets. The Dow Jones dropped 1.67%, bringing its two-day losses to 1,200 points. The S&P500 dropped 1.71%, the second negative session for the index after closing at a record on Wednesday. And the tech- heavy Nasdaq declined by over 2%. Australian shares declined on Friday, down 0.32% with consumer discretionary stocks weighing down on the market the most, while the materials sector advanced. What to watch today: As we enter the final week of reporting season, the Australian market is set to open lower, with the SPI futures suggesting a drop of 0.77% at the open this morning, following US equities. In commodities, Crude oil has dropped 2.87%, trading at US$70.40 per barrel, as concerns over Russian supply disruptions provided support while uncertainty loomed over a potential Ukraine peace deal. Gold is trading slightly lower at US$2,934 an ounce, remaining close to its record high from the previous session at US$2,950. Investors moved to the safe haven metal amid rising global uncertainties. And iron ore is trading higher at US$107.13 per tonne, its highest in four months amid strong demand expectations from major consumers. Over 20 listed companies are set to report their earnings results today, including Adairs (ASX:ADH), APA Group (ASX:APA), Lovisa (ASX:LOV), Lynas Rare Earths (ASX:LYC) and Regis Healthcare (ASX:REG), just to name a few. Stocks going ex-dividend today include Hansen Technologies Limited (ASX:HSN), Santos (ASX:STO) and Vicinity Centres (ASX:VCX). Remember that this often sees share prices fall, as investors take their profits. Trading Ideas: Bell Potter have upgraded their recommendation on Telix Pharmaceuticals (ASX:TLX) from a Hold to a Buy after the pharmaceutical group pre-released FY24 revenues. Bell Potter’s 12- month price target is amended from $21.60 to $36.00, and at TLX’s current share price of $30.12, this implies just over 19% share price growth in a year. Trading Central have identified a bearish signal in PWR Holdings (ASX:PWH) indicating that the stock price may fall from the close of $7.34 to the range of $5.20 - $5.70 over 67 days, according to the standard principles of technical analysis.…

Between the Bells

1
Weekly Wrap 21 February 7:34

5 weeks ago7:34

7:34

With reporting season nearing its end, 84 companies have released results. Of these, 30 exceeded expectations, 27 met them, and 27 fell short. Wesfarmers and Universal Stores were among the companies surpassing expectations this week, while Super Retail Group was among those that missed. Also check out how the ASX performed this week. In this week’s wrap, Grady covers: (0:38): WesCEF driving Wesfarmers’ results (1:40): the excellent results from Universal Stores (2:27): inflationary pressures impacting Super Retail Group (3:36) the dividend focus in February’s earnings season (5:19): how the ASX200 performed this week so far (6:17): the most traded stocks & ETFs by Bell Direct clients (6:47): economic news items to watch out for.…

Between the Bells

1
Morning Bell 20 February 2:13

5 weeks ago2:13

2:13

Wall St closed higher overnight as the S&P closed at a record for the second day in a row. The Dow Jones gained 0.16%, the tech-heavy Nasdaq rose 0.07% and the S&P500 jumped 0.24%. Over in Europe, markets plummeted on Wednesday as earnings season results disappoint investors. The STOXX600 fell 0.9%, pulling from the all time high set in Tuesday’s trading session. Germany’s DAX dropped 1.8%, the French CAC lost 0.62% and over in the UK, the FTSE100 closed Wednesday’s trading session 1.8% in the red. Locally yesterday, the ASX200 closed 0.73% lower with the majority of sectors closing down. Losses were led by the energy and financial sectors which dropped by 2.35% and 2.01% respectively. This was offset by the utilities sector which gained 0.84% by market close. What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.45% at market open this morning. In terms of economic news today, Australian unemployment data for January will be released with a forecast of 4%, the same as its previous result. On the commodities front this morning, Oil is trading 0.63% higher at 72 US dollars and 25 cents a barrel, gold is trading flat at 2934 US dollars an ounce and iron ore is trading 0.08% lower at 106 US dollars and 74 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on Ceder Woods Properties (ASX:CWP) with a 12-month price target of $7.20. With a current share price of $5.53, this indicates a share price growth of 25.2% over the next 12-months, hence the buy rating is maintained. And Trading Central has identified a bullish signal on Perseus Mining (ASX:PRU), indicating that the stock price may rise from the close of $2.86 to the range of $3.30-$3.40 on a pattern formed over 105 days, according to the standard principles of technical analysis.…

Between the Bells

1
Reporting Season Video February 2025 Week 3 6:39

5 weeks ago6:39

6:39

As we enter into the 3rd week of Reporting Season, many companies have released results that have defied odds despite strong headwinds and inflationary pressures. In this weeks video, Grady covers: BlueScope Steel (ASX:BSL) : Shares rallied 13% despite a 57% drop in H1 EBIT, with H2 earnings guidance suggesting at least 16.5% growth. A2 Milk (ASX:A2M) : Soared 19%, with a strong 10.1% revenue increase and an inaugural 8.5 NZ cps dividend. LendLease (ASX:LLC) : Posted a strong 122% rise in operating profit, though net debt grew to $3.8bn. BHP (ASX:BHP) : Revenue down 8%, but copper boosted results. The 30% cut in interim dividend disappointed.…

Between the Bells

1
Morning Bell 19 February 2:24

5 weeks ago2:24

2:24

Wall St closed higher overnight as the S&P 500 sets a new record high, climbing 0.24%. The Dow Jones rose just 0.02% and the tech-heavy Nasdaq had a slight rise of 0.07%. The energy sector was the best performing, gaining 1.9% with Halliburton and Valero Energy leading gains. Over in Europe, markets closed higher as the STOXX600 jumped 0.32% by market close on Tuesday. Germany’s DAX had a gain of 0.2%, the French CAC rallied 0.21% and over in the UK the FTSE100 had a slight fall of 0.01% by the closing bell. Locally yesterday the ASX had a pullback to start the week, closing Tuesday’s session down 0.66% despite the RBA announcing the nation’s first cash rate cut since November 2020 after 13-hikes to 4.35%. The nations cash rate now drops 25-basis points to 4.1% as the RBA’s journey to tame inflation is working at the same time the elevated rate environment to date has caused a cost-of-living crisis in Australia. What to watch today: The Australian share market is set to open slightly lower, with the SPI futures suggesting a fall of 0.02% at market open this morning. On the commodities front this morning, Oil is trading 0.55% higher at 71 US dollars and 77 cents a barrel after crude exports from Kazakhstan were disrupted after a drone strike hit a Russian pumping station, potentially cutting pipeline flows by 30%. Gold is trading 1.2% higher at 2934 US dollars an ounce and iron ore is trading 0.06% higher at 106 US dollars and 83 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating on HUB24 (ASX:HUB) and has increased its 12-month price target to $93. With a current share price of $84.39, this indicates a share price growth of 10.2% over the next 12-months, hence the buy rating is maintained. Trading Central has identified a bearish signal on Appen Ltd (ASX:APX), indicating that the stock price may fall from the close of $2.90 to the range of $1.90-$2.10, on a pattern formed over 30 days, according to the standard principles of technical analysis.…

Between the Bells

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Macro Insights: RBA cuts rate to 4.1%, first cut since November 2020 4:30

5 weeks ago4:30