Between the Bells

Morning Bell 25 October


Listen Later

Australian shares closed at a one month high on Friday with gains mostly in the Financial and Technology sectors. 

On Wall Street, the Dow Jones closed at a record for the first time since mid- August, as investors moved out of Tech stocks and into blue chips. The S&P500 edged slightly lower, down 0.1%, while the Nasdaq fell 0.8%, after disappointing earnings reports from Intel and Snap. 

This morning, the SPI futures are suggesting the ASX200 will rise 0.4% at the open, extending last weeks advance. 

What to watch today:

  • Companies set to go ex-dividend today include Clover Corporation (ASX:CLV), Jupiter Mines (ASX:JMS) and New Hope Corporation (ASX:NHC). 
  • ASX listed buy now pay later stocks – the RBA has reviewed Retail Payments Regulations and have suggested modifying the BNPL providers ‘no-surcharge’ rule. Some BNPL stocks that may be affected include Afterpay (ASX:APT), Zip (ASX:Z1P), and Splitit (ASX:SPT). 
  • The oil price is trading 1.5% higher at US$83 a barrel.
  • Gold is higher, however trimmed early gains to trade as the US dollar cut losses now that the Fed is ready to begin tapering. 
  • Coal is trading 15% below its all-time high and the seaborne iron ore price is trading lower at US$122.  

Trading ideas:

  • Bell Potter maintain their BUY rating on Pantoro Limited (ASX:PNR) with an 11% higher price target of $0.30 (previously $0.27), after a strong quarter report. PNR last closed at $0.21, implying 42.9% share price growth in the year. 
  • And bullish charting signals have been identified in Frontier Digital Ventures (ASX:FDV), Laybuy Group Holdings (ASX:LBY) and Prescient Therapeutics (ASX:PTX), according to Trading Central. 
...more
View all episodesView all episodes
Download on the App Store

Between the BellsBy Bell Direct


More shows like Between the Bells

View all
CommSec Market Update by CommSec

CommSec Market Update

16 Listeners

Motley Fool Money by LiSTNR

Motley Fool Money

82 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners

Your Wealth by NAB

Your Wealth

8 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

13 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

61 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

Buy Hold Sell, by Livewire Markets by Livewire Markets

Buy Hold Sell, by Livewire Markets

5 Listeners

The Call from ausbiz by ausbiz

The Call from ausbiz

6 Listeners

The COB from ausbiz by ausbiz

The COB from ausbiz

1 Listeners

Stock Take by Intelligent Investor

Stock Take

5 Listeners

SBS On the Money by SBS

SBS On the Money

0 Listeners

On the Couch by Marcus Today

On the Couch

4 Listeners

Market Updates by Marcus Today

Market Updates

1 Listeners

the daily moo by Moomoo Australia & New Zealand

the daily moo

0 Listeners