Between the Bells

Morning Bell 21 June


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The Aussie share market is set to open lower, with the futures suggesting the market will fall 1.5%. 

 

What to watch today: 

  • Australian Retail sales data is out today for May. 
  • Today marks the 8th last trading day before the EOFY. 
  • Lumber prices hit a record high in May of US$1,700 per thousand board feet. Watch lumber and wood producers, including Big River Industries (ASX:BRI), Wesfarmers (ASX:WES) and Midway (ASX:MWY). 
  • The oil price holds at US$71.84, up by 0.3%. 
  • The iron ore price fell 1.6% and trades at US$217. 
  • The copper price fell to a two month low, losing 1.2% and falling 7% over the week, as China is expected to sell their reserves in copper, aluminum and zinc. 
  • Most traded stocks by Bell Direct clients yesterday: Galaxy Resources (ASX:GXY) and Chalice Mining (ASX:CHN).  

 

Trading Ideas: 

  • Avita Therapeutics (ASX:AVH) was reiterated as a Bell Potter BUY with a $9.80 target, implying 75% share price growth in a year. 
  • Bubs Australia (ASX:BUB), Xero (ASX:XRO) and AMP (ASX:AMP) are all giving off bullish charting signals according to Trading Central. 

 

...more
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Between the BellsBy Bell Direct


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