Between the Bells

Morning Bell 29 June


Listen Later

As of today, 23% of the world’s population have received their first dose of the COVID-19 vaccine, according to Our World in Data. 

 

Overnight, big tech names Zoom, Facebook and Peloton all increased over 4%. 

 

Today, the futures are suggesting a negative day for the Aussie share market, given there are two days until the EOFY and three of Australia’s capital cities are in lockdown. 

 

What to watch today: 

  • With two days until the EOFY, institutional investors are rebalancing their portfolios to sell stocks that have done well over the year, and buy those that have underperformed. With this in mind, stocks that are up 40 to 90% this year include mining stocks Chalice Gold Mines (ASX:CHN), Pilbara Minerals (ASX:PLS) and Codan (ASX:CDA). Banking stocks include Virgin Money (ASX:VUK) and Westpac (ASX:WBC), and building stocks include Reece Group (ASX:REH) and Boral (ASX:BLD). Uniti Group (ASX:UWL) is also one to watch.  
  • COVID-19 restrictions and lockdowns are currently in place in Perth, Sydney and Darwin, so watch travel, tourism, hospitality and retail stocks. 
  • Prime Minister Scott Morrison has announced that anyone under 40 years old can receive the AstraZeneca vaccine. 
  • The iron ore price continued its recovery rising 0.4% to US$215.00. 
  • The oil price is down to US$72.00 a barrel. 

 

Trading Ideas: 

  • Bapcor (ASX:BAP) was upgraded by Citi overnight with a new $9.55 price target.
  • Genetic Signatures (ASX:GSS) was reiterated as a Bell Potter Speculative BUY with a slimmer $2.20 price target. 
  • VGI Partners (ASX:VGI), Kogan (ASX:KGN) and Rudbubble (ASX:RBL) are all giving off bullish charting signals 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