Between the Bells

Morning Bell 22 June


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The Aussie share market is set to open higher, with the futures suggesting the market will rise 1.2%.

 

What to watch today: 

  • NSW has abolished stamp duty costs on electric vehicles (EVs) in a bid to boost EV sales, as part of handing down its state budget today. All eyes will be on companies involved in lithium production, including Galaxy Resources (ASX:GXY), Pilbara (ASX:PLS) and Lake Resources (ASX:LKE).
  • Victoria has invested $5 million into Australia’s first locally manufactured mRNA vaccine. All eyes on CSL Limited (ASX:CSL). 
  • The oil price rose above US$73.00 a barrel overnight. 
  • The copper price rebounded 1.4% on Monday. 
  • The iron ore price last traded at US$217.00 after falling 1.6%. 

 

Trading Ideas: 

  • Bega Cheese (ASX:BGA) was reiterated as a Bell Potter BUY with a $7.35 target, implying 21% share price growth in a year. 
  • Oneview Healthcare (ASX:ONE), Caravel Minerals (ASX:CVV) and Alcidion (ASX:ALC) 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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