Podcasts about beach energy

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Best podcasts about beach energy

Latest podcast episodes about beach energy

QAV Podcast
QAV 806 – The Reilly Indicator

QAV Podcast

Play Episode Listen Later Feb 12, 2025 18:06


In QAV Episode 806, Cameron and Tony cover key market updates, including Elon Musk's $97B bid for OpenAI, Trump's steel tariffs, and the resurgence of iron ore as a buy. They analyze portfolio performance, noting that long-held stocks tend to outperform, and discuss Nick Scali, Beach Energy, and Seven West Media's earnings. Cameron unveils the ‘Reilly Indicator', suggesting that a lack of sell signals could indicate an impending market correction. They revisit the ‘Crazy Girlfriend Rule' for stocks that repeatedly disappoint, explore the impact of COVID lows rolling off charts, and debate when bad news stops being a red flag. The Pulled Pork segment examines Grange Resources (GRR)—a strong performer but with a looming mine closure. The episode wraps with fun discussions on horse racing, Al Pacino, and flat-pack furniture frustrations.

Money News with Ross Greenwood: Highlights
Scott Phillips – CIO, The Motley Fool

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Feb 6, 2025 9:24


The big banks have continued their stellar run, with a new record high for Commonwealth Bank helping the market back up today. MARKET WRAP: ASX200: down 0.61%, 8,378 GOLD: $2,760 US/oz BITCOIN: $163,460 AUD Commonwealth Bank shares hit a new all-time high, up an impressive 2.6% to $162.64. NAB up 2.5% to $40.38, Westpac rising 2.2% to $34.00, and ANZ 2.6% higher to $30.95. Macquarie Group was also higher. News Corp rose 5.8% to $56.28 after the media company reported second quarter revenues were up 5% Wesfarmers rose 3.2%, and Brambles 2.1%. Beach Energy’s shares dipped almost 5% to $1.44 despite the gas exploration company seeing earnings up 20% to $587 million. Pexa Group lost 3% after it said it expects a $15 million hit in its results. CURRENCY UPDATE: AUD/USD: 62.65 US cents AUD/GBP: 50.2 pence AUD/EUR: 60 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Between the Bells
Morning Bell 12 December

Between the Bells

Play Episode Listen Later Dec 11, 2024 2:20


Wall St closed mixed overnight as the Nasdaq closed over 20,000 points for the first time. The Dow Jones fell by 0.22%, the S&P 500 jumped 0.82% and the tech-heavy Nasdaq gained 1.77%. US inflation data was released overnight with core inflation coming in steady at 0.3% month on month, the same as its previous result and forecast.Over in Europe, markets closed higher as US inflation data came in as expected. The STOXX 600 closed 0.28% higher with gains led by media stocks which rose 1.4%, whilst retail stocks dropped 1.7%. Germany's DAX rose by 0.34%, the French CAC gained 0.39% and over in the UK the FTSE100 ended the trading day 0.26% in the green.Locally yesterday, the ASX200 fell 0.47% with most major sectors closing in the red. Losses were led by the information technology and industrial sectors which fell by 1.35% and 1.02% respectively. This was offset by the real estate sector which gained 0.81%.What to watch today:The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.45% at market open this morning.On the commodities front this morning, Oil is trading 2.42% higher at 70 US dollars and 25 cents a barrel, gold is trading 0.76% higher at 2716 US dollars an ounce and iron ore is trading 0.67% lower at 105 US dollars and 63 cents a tonne.Trading Ideas:Bell Potter maintains a buy rating on Champion Iron (ASX:CIA) which has a current share price of $6.11. The buy rating is maintained by Bell Potter as they see upside risk spots in iron ore prices and the shift to higher grade production in the 2nd half of 2025 will likely support average realized prices and earnings amid an iron ore price environment which is generally expected to weaken.And Trading Central has identified a bearish signal in Beach Energy (ASX:BPT), indicating that the price may fall from the close of $1.22 to the range of $1.10-$1.12, on a pattern formed over 38 days, according to the standard principles of technical analysis.

Money News with Ross Greenwood: Highlights
The Market Wrap with Kate Hanrahan, Private Client Adviser, Sequoia Wealth Management

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jul 24, 2024 6:20


Telix Pharmaceuticals have pulled out of a plan to list on the Nasdaq and will take on $650 million worth of debt. ASX200: down 0.09% to 7,963 AUD: 65.99 US cents GOLD: $2,413 USD/oz BITCOIN: $100,424 AUD There were mixed fortunes for Tesla & Alphabet in overnight reporting.  Gains were led by the gold miners, with Emerald Resources up 6%, Ramelius up 4.2% and Evolution up 4.1%. Gains of more than 1% for Cochlear, Suncorp and Resmed. It was a sell off for energy and real estate stocks driving the losses today. Falls in the oil price – with one barrel of Brent crude oil at $US 81 – saw losses of 1.3% for Ampol, Viva Energy down 1% and Beach Energy off by 3.3% Goodman Group and Stockland led the real estate losses, down 2.1 and 2% respectively. And Flight Centre shed 4.7% after revising its profit guidance. See omnystudio.com/listener for privacy information.

Between the Bells
Morning Bell 20 June

Between the Bells

Play Episode Listen Later Jun 20, 2024 3:45


Wall Street was closed on Wednesday for the Juneteenth holiday which is the National Independence Day celebrated on the 19th of June every year. Investors will be eagerly awaiting the opening of trade in the US on Thursday though to see if Nvidia, and the Nasdaq and S&P500 as a whole are able to maintain their respective record runs.In Europe overnight, markets in the region closed slightly lower aside from the FTSE100 after UK inflation data came in at 2% for May which is inline with the Bank of England's target. The STOXX600 fell 0.18% on Wednesday, Germany's DAX fell 0.1% and the French CAC fell 0.77%. UK inflation for May hitting the BOE's target rate of 2% ahead of Thursday's policy rate decision is timely despite economists' expecting the BOE to maintain the current rate of 5.25% for the month ahead before cutting in August.Across the Asia markets on Wednesday, it was a sea of green as energy stocks boosted markets to a positive close. Hong Kong's Hang Seng rose 2% on Wednesday, and Taiwan's weighted index topped a record over 23,000 for the first time. Japan's trade data for May also out yesterday showed exports grew 13.5% YoY while imports grew 9.5%, with exports topping economists' expectations while imports fell slightly short.What to watch today:Locally on Wednesday, the ASX200 pulled back in afternoon trade to close 0.1% lower as a sell-off in industrials and telecom stocks offset gains among energy and consumer staples companies.A nuclear power plant promise from Federal Opposition leader Peter Dutton as part of his election push boosted uranium miners yesterday with Paladin ending the day up 1.11%, Boss Energy climbing 2.2% and Deep Yellow adding 4.21%.Mortgage insurer, Helia, tanked 20.85% yesterday on news that CBA, Helia's biggest client, will potentially put its contract up for tender. This fall in share price saw Helia lose almost a fifth of its market value yesterday.Ahead of Thursday's session on the ASX, the SPI futures are expecting the local market to open the day down 0.23%, extending on the midweek losses.On the commodities front this morning, oil is trading down 0.28% at US$81.34/barrel, gold is up 0.08% at US$2330.28/ounce and iron ore is up just 0.06% at US$107.11/tonne.1 Aussie dollar is buying 67 US cents, 105.40 Japanese Yen, 52.43 British Pence and 1 New Zealand dollar and 9 cents.Trading Ideas:Bell Potter has maintained a buy rating on Beach Energy (ASX:BPT) and slightly decreased the 12-month price target on the energy exploration and development company following the release of the company's strategic review including further cost reductions, more disciplined capital management and growth focus on three core producing energy hubs.Trading Central has identified a bullish signal on OM Holdings (ASX:OMH) following the formation of a pattern over a period of 27-days which is roughly the same amount of time the share price may rise from the close of $0.46 to the range of $0.62 to $0.66 according to standard principles of technical analysis.

Money News with Ross Greenwood: Highlights
Kyle Rodda, Senior Financial Market Analyst at Capital.com

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jun 18, 2024 5:38


Beach Energy will cut costs and jobs following a review, as it seeks to turn around its performance.See omnystudio.com/listener for privacy information.

Market Matters Podcasts
Markets @ Midday - Tuesday 18th June - ASX200 +70pts, Fortescue (FMG) & Beach Energy (BPT)

Market Matters Podcasts

Play Episode Listen Later Jun 18, 2024 4:05


General advice only

Market Matters Podcasts
Markets @ Midday - Tuesday 11th June - ASX200 -111pts, Bapcor (BAP), Beach Energy (BPT) & Woodside

Market Matters Podcasts

Play Episode Listen Later Jun 11, 2024 4:59


General Advice only

Between the Bells
Morning Bell 26 April

Between the Bells

Play Episode Listen Later Apr 25, 2024 2:28


Wall St closed lower overnight after the latest economic data showed a slowdown in growth, pointing to persistent inflation. The Dow Jones closed nearly 1% lower, the S&P500 closed 0.46% in the red and the tech-heavy Nasdaq fell 0.64%. US GDP data was released overnight, coming in at 1.6% in the first quarter which was lower than the forecast of 2.4%. Inflation data also increased at a 3.4% pace, above the previous quarters 1.8% advance.Over in Europe, markets closed lower as investors react to the latest set of earnings. The STOXX600 closed 0.6% lower with the majority of sectors closing in the red with industrial stocks falling 1.9% whilst healthcare added 0.2%. Germany's DAX fell 0.95%, the French CAC lost 0.93%, whilst over in the UK, the FTSE100 ended the trading session nearly half a percent in the green.And locally yesterday, markets were closed for the ANZAC Day public holiday.What to watch today:The Australian market is set to open lower, with the SPI futures suggesting a fall of 0.34% at market open this morning.On the commodities front this morning, Oil is trading 1.29% higher at 83 US dollars and 77 cents a barrel following US crude inventories falling by 3.37 million barrels last week. Gold is trading 0.7% higher at 2332 US dollars an ounce and iron ore is trading 0.43% higher at 109 US dollars and 23 cents a tonne.Trading Ideas:Bell Potter has maintained a buy rating on Beach Energy (ASX:BPT) and has a 12-month price target of $1.80. The buy rating is maintained by Bell Potter as BPT is rolling-off peak capex into a step-change in production and free cash flow in FY25-26. The company has retained a strong balance sheet capable of supporting the group's progressive dividend policy. With a positive view on Australian east coast gas and LNG markets, and a strong production and earnings growth outlook, a buy rating is maintained.And Trading Central has identified a bullish signal on NextGen Energy (ASX:NXG), indicating that the stock price may rise from the close of $12.10 to the range of $13.70-$14.00, on a pattern formed over 15 days according to the standard principles of technical analysis.

Between the Bells
Weekly Wrap 12 April

Between the Bells

Play Episode Listen Later Apr 12, 2024 6:50


Rate cuts are on hold as US inflation unexpectedly heats up. The latest data reveals a second consecutive month of rising inflation, dashing hopes for a cool down in June. We'll delve into the key drivers of this inflation surge and what it means for you. In this week's wrap, Grady covers:  (0:10): the latest US inflation reading(0:43): the outlook on the Fed rate cut(0:54): key inflation drivers(4:20): what this means for investors(5:43): the most traded stocks & ETFs by Bell Direct clients(6:13): economic data to watch next week.

inflation fed elders federal reserve etfs cpi anz bhp appen weekly wrap liontown resources bell direct beach energy bell potter
My Hometown
Jones Beach Energy and Nature Center

My Hometown

Play Episode Listen Later Apr 11, 2024 28:44


Bill Horan and Stacy Raine learn about the Jones Beach Energy and Nature Center, which explores the relationships between human beings, energy systems, and the environment. Located on the West End of Long Island's Jones Beach State Park, the Center offers permanent and rotating exhibits, public programs, and educational resources to help visitors understand and appreciate the coastal environment. Bill: Sounds great - and I bet many people listening right now didn't even know this existed right in our backyard. They speak with Mia Ramirez, lead educator of the Jones Beach Energy & Nature Center. 

CommSec
Market Close 08 Apr 24: A tepid start to the week for the Aussie market

CommSec

Play Episode Listen Later Apr 8, 2024 9:42


The market was in decline last week but today has seen some modest gains.  Laura and Stevie discuss the international jobs data that impacted the market and unpack the sectors, most of which have seen a raise today.  Qantas' revamped rewards program has resulted in gains for their shares today, and Beach Energy and Elders have gone the other way as two of the worst performers on the market. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights

Guidance updates have pushed back the stock price of both Elders & Beach Energy. Could this be a trend heading forward?See omnystudio.com/listener for privacy information.

Between the Bells
Morning Bell 9 April

Between the Bells

Play Episode Listen Later Apr 8, 2024 2:32


Wall St closed Monday's trading session mixed as investors await key US inflation data. The Dow Jones lost 0.03%, the S&P 500 fell 0.04%, while the tech-heavy Nasdaq gained 0.03%. US treasury yields also rose, up 4 basis points to 4.42%. In terms of US shares, Tesla shares gained 4.9% following the announcement from CEO, Elon Musk that the company's robotaxi will be unveiled in August.Over in Europe, markets closed higher to start the trading week as investors await on decisions from the central bank. The STOXX600 ended the day 0.5% in the green, led by mining stocks which rallied 2% whilst media stocks fell 0.2%. Germany's DAX rose 0.79%, the French CAC increased by 0.72% and over I the UK the FTSE 100 gained 0.41%.Locally yesterday, the ASX200 rose by 0.2% by market close, led by gains in the information technology and utilities sectors of 1.19% and 0.83% respectively. This was offset by the energy sector which lost 1.24% by closing bell.What to watch today: The Australian share market is set to open higher with the SPI futures suggesting a rise of 0.46% at market open this morning.On the commodity front this morning, Oil is trading 0.44% lower at US$86.57 a barrel as easing tensions in the Middle East outweighed expectations of tighter global supply.Gold is trading 0.41% higher at US$2339 an ounce and iron ore is trading flat at US$102 a tonne.Trading Ideas: Bell Potter has maintained a buy rating on Beach Energy (ASX:BPT), despite decreasing its 12-month price target to $1.80. The buy rating is maintained by Bell Potter as Waitsia Stage 2 and expansions in the Otways are key growth drivers for BPT, in a market where peers are struggling to lift production. BPT is rolling-off peak capex into a step-change in production and free cash flow in FY25-26 and has retained a strong balance sheet.And Trading Central has identified a bearish signal in Patriot Battery Metals (ASX:PMT), indicating that the stock price may fall from the close of $0.84 to the range of $0.71-$0.73 on a pattern formed over 23 days, according to the standard principles of technical analysis.

Market Matters Podcasts
Markets @ Midday - Monday 8th April - ASX200 +20pts, Elders (ELD), Beach Energy (BPT) & more

Market Matters Podcasts

Play Episode Listen Later Apr 8, 2024 6:09


General Advice only

Between the Bells
Weekly Wrap 23 February

Between the Bells

Play Episode Listen Later Feb 23, 2024 7:47


As we end week 3 of the local reporting season calendar, 159 companies have reported their earning results, with 57 beating expectations, 60 meeting expectations and 42 missing expectations. 22 companies have been upgraded by brokers, while 26 were downgraded, mostly due to slowing earnings growth and cost management inefficiencies across the first half. So, what were the market movers this week? In this week's wrap, Grady covers:(0:38): Pilbara Minerals (ASX:PLS) facing industry challenges as lithium prices fall(1:42): retail blues with Woolworths' (ASX:WOW) turbulent week(2:38): NAB's (ASX:NAB) fall in cash earnings but steady share price(3:20): why investors disembarked their investment in Qantas (ASX:QAN)(5:27): market movements this week(6:35): the most traded stocks & ETFs by Bell Direct clients(7:03): economic data to watch next week.

Between the Bells
Morning Bell 12 February

Between the Bells

Play Episode Listen Later Feb 11, 2024 4:40


Wall Street closed mixed on Friday with the S&P500 climbing 0.57% to close above 5000 points for the first time ever on Thursday as investors responded to December's revised inflation report came in below first reported reading. The Dow Jones fell 0.14% at the closing bell while the tech-heavy Nasdaq ended the day up 1.25%. Over the 5 trading days last week the S&P500 added 1.4% in its 5th straight positive week, the Nasdaq rose 2.3% and the Dow Jones remained flat across the trading week.The initial December inflation reading of 0.3% growth was downwardly revised on Friday to a 0.2% increase and core inflation results for the U.S. are due out this week.Strong earnings results are also driving investor confidence in the US as tech mega caps including Nvidia and Alphabet rallied 3.6% and 2% respectively on Friday while Cloudfare soared 19.5% on strong earnings.Over in Europe, markets closed slightly lower on Friday as investors digested corporate earnings results despite the release of favourable economic data out in the region. The STOXX600 fell just 0.08% on Friday, Germany's DAX lost 0.22%, the French CAC dropped 0.24%, and in the UK, the FTSE100 ended the day down 0.3%.Fresh inflation data out of Germany released on Friday indicated inflation fell to 3.1% in January in a positive sign for Europe's largest economy.Locally on Friday, the ASX200 rose 0.07% led by the technology sector rallying 1.12% and healthcare stocks adding 1%, while losses among energy and utilities stocks weighed on the key index.Boral shares jumped 13% on Friday after the leading cement producer delivered very strong first half results including revenue up 9.4% and underlying NPAT soaring 143% over the 6-month period. Strong price realisation and volume recovery were the drivers of the stronger first half results.Local uranium stocks took a hit on Friday after Canadian uranium miner Cameco announced plans to expand production at its Cigar Lake Mine and McArthur River/Key Lake, to address the growing global demand for the key commodity. Boss Energy fell 12.7% on Friday while Paladin Energy fell just over 7%.What to watch today:Ahead of the local trading session here in Australia to start the new week, the ASX200 is set to open Monday's session slightly in the red ahead of a big reporting season week locally this week.On the commodities front this morning, oil is trading 0.81% higher at US$76.84/barrel, gold is down 0.5% at US$2022.90/ounce, uranium is up 6% at US$106/pound and iron ore is flat at US$128/tonne.AU$1.00 is buying US$0.65, 97.29 Japanese Yen, 51.67 British Pence and NZ$1.06.On the reporting season calendar today, you can expect to see results released from Aurizon Holdings, Beach Energy, JB Hi-Fi, and James Hardie Industries.Trading Ideas:Bell Potter has maintained a hold rating on REA Group (ASX:REA) and has slightly decreased the 12-month price target from $179 to $174 following the release of first half results including a 22% increase in EPS to 189cps, a 16% increase in dividend to 87cps which fell short of Bell Potter expectations. Despite the strong quarter, Bell Potter believes the current share price of $176.43 has REA Group relatively fully valued.And Trading Central has identified a bullish signal on Infratil (ASX:IFT) following the formation of a pattern over a period of 9-days which is roughly the same amount of time the share price may rise from the close of $10.11 to the range of $10.80 to $11/share according to standard principles of technical analysis.

Between the Bells
Morning Bell 7 December

Between the Bells

Play Episode Listen Later Dec 6, 2023 3:33


US markets declined as investors assess data indicating falling inflation, while awaiting the latest employment report. The Dow Jones fell for the third consecutive session, down 74 points or 0.2%, while the S&P500 and the Nasdaq fell 0.4% and 0.5% respectively. European markets closed higher, rebounding from mixed trade earlier in the week. Germany's DAX extended gains to a record high. The STOXX 600 rose 0.6% by the close, with mining stocks turnaround sharply. What to watch today:The Australian share market is set to open lower this morning, with the SPI futures suggesting a drop of 0.39% at the open. In commodities, The price of oil has fallen, currently trading more than 4% lower at US$69 per barrel at the time of recording. It's the lowest level since early July, due to demand worries and increased supply. The US Energy Information Administration reported that gasoline inventories in the US were up by 5.4 million barrels in the week ending December 1st, which is the largest increase in nine weeks and well above forecast of 1 million. This implies weaker demand and has seen the price of crude oil sharply drop, so keep watch of energy producers today such as Santos (ASX:STO) or Beach Energy (ASX:BPT). In addition, concerns on the economic outlook of China also appear to be weighing heavily on crude prices. Meanwhile, gold and iron ore prices are in the green. In economic data today, Balance of Trade data for October will be out today. Australia's trade surplus on goods declined to a 30-month low in September, as exports fell while imports surged. October's data will be out at 11:30am this morning AEDT. Trading Ideas:Bell Potter maintains a Buy rating on Aeris Resources (ASX:AIS), a multi-mine copper-gold production and exploration company. The company has undertaken a fully underwritten $30 million equity raising, via a $13.9 million institutional placement, and a $16.1 million pro-rata, accelerated non-renounceable entitlement offer, which will result in the issue of 273 million new shares at an offer price of $0.11. Washington Soul Pattinson is a major shareholder who are supportive of the raise. Bell Potter have lowered their price target from $0.30 to $0.23, and at the current share price of $0.11, this implies 109% share price growth in a year. And Bell Potter have lowered their rating on Neuren Pharmaceuticals (ASX:NEU) from a Buy to a Hold, with no changes to their forecast or price target. Neuren is a drug development company and Bell Potter say that the clear upcoming catalyst is the Phase 2 trial for PMS. Their price target remains unchanged at $17.50 and at the current share price of $16.05, this implies 9% share price growth in a year. 

Between the Bells
Morning Bell 15 November

Between the Bells

Play Episode Listen Later Nov 14, 2023 5:03


Wall Street's recent rally extended into Tuesday's session as investors welcomed the latest inflation data that came in at an annual rate of 3.2% which was below economists' expectations of 3.3% and raises investors' hopes that the Fed's rate hike campaign is coming to an end. The Dow Jones rose 1.7%, the S&P500 added 2.1% and the tech-heavy Nasdaq jumped 2.5%. The 10-year US Treasury Yield also tumbled below 4.5% following the release of the soft inflation report.Banks including Bank of America and Wells Fargo rallied on hopes that the US economy could avoid a recession all together.Home Depot shares lifted nearly 6% on Tuesday following the release of better-than-expected third-quarter earnings results.Over in Europe, markets also welcomed the cooler-than-expected US inflation data, as markets in the region closed higher on Tuesday. The STOXX600 rose 1.4%, led by retail stocks rising 3.1% while oil and gas stocks fell 0.2%. Germany's DAX rose 1.76% on Tuesday, the French CAC added 1.4% and, in the UK, the FTSE100 lifted 0.2%.Locally yesterday, ASX closed 0.83% higher on Tuesday, despite the release of Westpac consumer confidence data for November and NAB business confidence data for October both showing declines against economists' expectations of respective rises. NAB Business confidence data for October fell a further 2 points despite business conditions edging up, driven by higher sales and profitability while employment eased. This reading indicates businesses remain cautious despite the resilience we are seeing in business conditions.Westpac consumer confidence for November also fell 2.6% in data out yesterday to 79.9 points indicating consumers are pessimistic following the RBA's latest rate hike for November placing additional financial pressures on Aussie households.Energy stocks did most of the heavy lifting on Tuesday with the sector closing 2.54% higher, boosted by Beach Energy rising 5.6%.Commonwealth Bank of Australia rallied just shy of 1% on Tuesday after Australia's largest bank released a first quarter trading update including unaudited statutory NPAT up 1% on the PCP to $2.5bn. Operating income was flat though for CBA and operating expenses were up 3%, reflecting higher costs from wage inflation and higher amortisation.Big bank earnings over the last weeks have indicated strength and resilience by the big four in FY23 and the start of FY24, with revenues boosted by the rising interest rates and the peak of respective Net Interest Margins. Multiple signs have suggested though that future revenue and earnings are likely to ease including slowing mortgage and business credit growth across the board, rising operating costs due to inflation, higher switching by customers between all accessible banks both big and small, and the net interest margin peaking during FY23.What to watch today: Ahead of the local trading session here in Australia, the SPI futures are anticipating the ASX to open the midweek session up 1.35% following the strong rally on global markets overnight.On the commodities front this morning, oil is trading 0.74% higher at US$78.83/barrel, gold is up 0.85% at US$1962.52/ounce and iron ore is flat at US$130.50/tonne.AU$1.00 is buying US$0.65, 97.87 Japanese Yen, 52.03 British Pence and NZ$1.08.Trading Ideas: Bell Potter has decreased the 12-month price target on Chalice Mining (ASX:CHN) from $7.10 to $5.40 and maintain a speculative buy rating on the exploration company following the release of an update from ongoing hydrometallurgical test work programs the company has been undertaking for its 100%-owned Gonneville deposit. The results demonstrate the potential for higher recoveries to be achieved compared with those assumed in the scoping study released in August this year. The decline in price target is due to lower palladium and platinum price for

RNZ: Morning Report
EPA under fire over leaking oil and gas well

RNZ: Morning Report

Play Episode Listen Later Oct 30, 2023 3:34


The Environmental Protection Authority is under fire for not insisting that a leaking oil and gas well off the coast of Taranaki be formally abandoned and made safe. The Kupe South-2 well has been leaking gas since 2018, but little has been done to fix the problem. Climate Justice Taranaki says its owner - Beach Energy - should be forced to stop the leak rather than being given consents to drill new wells. Taranaki Whanganui reporter Robin Martin has more.

environment leaking oil and gas taranaki robin martin environmental protection authority beach energy
Money News with Ross Greenwood: Highlights
The Market Wrap with Scott Phillips, CIO at The Motley Fool

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Oct 26, 2023 8:51


Michele Bullock hasn't put the nail in the coffin on rate rises yet, but have her comments in Parliament played havoc on markets? MARKET WRAP:   ASX200: down 0.61%, 6,812 AUD: 62.96 US cents GOLD: $1,997 US/oz BITCOIN: $55,021 AUD   Google's parent company Alphabet down by almost 10% Australian tech companies followed those losses Wisetech Global lost almost 2% to $58.80 Xero was also down 2% to $106.30 NextDC also lost 2.5% to $11.86 Megaport lost more than 16% on the day to sit at $9.63 Azure Minerals jumped a huge 43% Beach Energy was up more than 4% Santos saw moderate gains The Utilities sector was the strongest, with Origin, APA, AGL & Meridian all climbing higher. Coles finished slightly ahead after an increase in sales by $9.2 million in the first quarter And the Big Four banks were all down, with Westpac the worst of the bunch down 1.1% to $20.57. See omnystudio.com/listener for privacy information.

UBC News World
Get a extra $1,500 Rebate For Solar Panels With Boynton Beach Energy Edge

UBC News World

Play Episode Listen Later Sep 27, 2023 2:39


Did you know that you can recoup all of the cost of installing a solar energy system in Florida? Switch to clean, green solar power and enjoy substantial savings with Sunny Day Solar (850)292-7900 or (305)215-7354! Book a consultation at http://www.sunnyDsolar.com Sunny Day Solar Farms, LLC City: Pensacola Address: 3460 Barrancas Ave Website http://www.sunnyDsolar.com Phone +1-850-292-7900 Email mhager.sdsf@gmail.com

Between the Bells
Morning Bell 15 August

Between the Bells

Play Episode Listen Later Aug 14, 2023 2:37


Wall St closed higher on Monday as big tech names and chip stocks posted strong results. The S&P 500 finished the day 0.58% higher, the tech heavy Nasdaq followed suit posting a 1.05% gain, and the Dow Jones closed marginally higher by 0.07%.Software company Nvidia ended the day 7.1% higher, rebounding from an 8.5% sell off last week. This was further boosted with Morgan Stanley touting Nvidia as a ‘top pick ahead of earnings'.Over in Europe, there was a mixed reaction in markets after several down sessions last week. The Stoxx 600 closed marginally higher by 0.1% with retail stocks and financial services leading the way. The German DAX finished the day up 0.46% and the French CAC also finished the day 0.12% higher. However the FTSE 100 ended Monday 0.23% lower.Locally yesterday, the ASX200 ended the first trading session of the week down 0.86% as a sharp sell-off in materials stocks weighed on the key index. The communications services, energy and info tech sectors were the only sectors to close higher on Monday. Lake Resources led the winning stocks on Monday, jumping 7.7% while Carsales.com added 7% on strong FY23 results. Syrah Resources and Elders fell 6.85% and 6.10% respectively yesterday.What to watch today: The Australian share market is set to open flat this morning.In terms of economic data, the RBA minutes meeting will be released today at 11:30am AEST.On the commodities front this morning, crude oil is down 0.88% to US$82.45 a barrel. Gold is down 0.33% to US$1907 an ounce after mounting pressures from a strong dollar and iron ore is up 1.93% to US$105.50 a tonne.Trading Ideas:Bell Potter maintains a buy rating on Beach Energy (ASX:BPT) with a 12-month price target of $2. Beach Energy has a strong fully funded growth outlook diversified across five energy basins and four separate gas markets. The company is also rolling off peak capex into a step change in production and expects free cash flow in FY25-26.And Trading Central has identified a bullish signal in Super Retail Group (ASX:SUL) indicating that the stock price may rise from the close of $12.85 to the range of $13.70-13.90 over a pattern formed in 53 days, according to the standard principles of technical analysis.

Between the Bells
Weekly Wrap 11 August

Between the Bells

Play Episode Listen Later Aug 11, 2023 7:33


Reporting season ramped up this week, with investors reactive to news both good and bad. The Aussie share market rose 0.44% this week (Mon-Thu) as a 2.73% gain for the energy sector offset losses in the tech and healthcare sectors.In this week's wrap, Grady covers:(0:21) CBA's (ASX:CBA) record cash profit (0:49) Boral (ASX:BLD) & Cettire's (ASX:CTT) strong results (2:37) Downer's (ASX:DOW) dampened trading (3:05) What this week told investors & next week's outlook (3:56) US inflation data moving markets(5:04) Best performing stocks in the ASX200 (6:11) The most traded stocks & ETFs by Bell Direct clients (6:45) Three economic news items to watch out for

Green Inside and Out
26 - Jones Beach Energy & Nature Center / Jeanne Haffner

Green Inside and Out

Play Episode Listen Later Jul 9, 2023 25:37


In our July Sustainable Living Podcast, hear from Jeanne Haffner, Ph.D., author and curator of the the magnificent Jones Beach Energy & Nature Center⁠ exhibits which opened in 2020. She more than a decade of experience in museum planning and exhibition development, and will share the sustainability elements of the JBNC exhibit and the incredible building itself, which has solar, geothermal, energy storage and EV chargers.  This episode of The Sustainable Living Podcast is sponsored by Deep Roots Farmers Market, https://www.deeprootsfarmersmarket.com/ FOLLOW Green Inside and Out Web: greeninsideandout.org Facebook: @greeninsideout Instagram: @greeninsideandout Twitter: @greeninsideout MUSIC Opening: Maltese anthem on flute by Ray Furuta Closing: Alien Chatter --- Support this podcast: https://podcasters.spotify.com/pod/show/giao/support

Between the Bells
Morning Bell 14 April

Between the Bells

Play Episode Listen Later Apr 13, 2023 2:21


US equities had a strong run overnight, after the US producer price index for March was released, which was another economic report to point to the fact that US inflation may be cooling down. PPI dropped 0.5% month over month, compared to market expectations for prices to be flat. Excluding food and energy, the core wholesale prices reading declined, when the market was expecting an increase. All three major benchmarks rallied. The Dow and the S&P500 both closed over 1% higher, with the S&P500 closing at its highest level since February. The Nasdaq closed 2% higher, boosted by the PPI report. So its good to see tech stocks among the gainers, after being hit the hardest during the periods of rising inflation and rates. What to watch today:The SPI futures are suggesting that the Australian market will open 0.2% higher, following Wall Streets lead. In commodities, Oil prices are trading lower, easing from the five-month high hit earlier this week. Watch energy producers such as Beach Energy (ASX:BPT) and Woodside Energy (ASX:WDS)Gold moved higher overnight, trading at its highest level since March 2022. Gold miners such as Newcrest Mining (ASX:NCM) and St Barbara (ASX:SBM) could have a good finish to the week. And iron ore is also flat at US$121.50 per tonne. Trading Ideas:Bell Potter maintain a Buy rating on Beach Energy (ASX:BPT) and have lowered their price target from $2.21 to $2.18. at BPT's current share price of $1.52, this implies 43.4% share price growth in a year. And Trading Central have identified a bearish signal in Stanmore Resources (ASX:SMR) indicating that the stock price may fall from the close of $3.26 to the range of $2.40 to $2.55 over 34 days, according to the standard principles of technical analysis. 

Between the Bells
Morning Bell 12 April

Between the Bells

Play Episode Listen Later Apr 11, 2023 4:42


Wall Street ended mixed again on Tuesday as investors try to shrug off recession concerns ahead of the release of key inflation data out later this week. The Dow Jones rose 0.3%, the S&P500 finished muted and the tech-heavy Nasdaq fell 0.4% on Tuesday. Investors are anticipating the release of the March readings for consumer price index out Wednesday and producer price index out Thursday to gain an insight into how the Fed might proceed on its current rate-hike journey. Moderna shares fell more than 3% overnight after the biotech firm said it delaying its flu vaccine after the experimental vaccine did not meet the criteria for ‘early success' in a late-stage trial.In Europe, markets closed higher following the return to trade after the Easter long weekend with the mining giants leading the gains across the board. Germany's DAX rose 0.4% on Tuesday, while the French CAC added 0.9% and, in the UK, the FTSE100 added 0.6%.The local market closed 1.26% higher on the first trading session of the shortened week, led by a surge in materials and consumer discretionary stocks. The materials sector was boosted by strengthening commodity prices and demand outlook from China, while consumer discretionary stocks were possibly driven higher by consumer confidence lifting. Westpac consumer confidence rebounded 9.4% in April, to the highest level since June 2022, following the RBA announcing a pause in interest rate hikes last week. The largest gains in consumer confidence were for the outlook in property prices. NAB business confidence for March also improved in data out yesterday, with the reading coming in at minus 1 from minus 4 in February, but business conditions slightly dropped from 17 to 16 for the month, indicating business confidence has stabilised but remains below the average at -1 index point. Newcrest Mining (ASX:NCM) shares jumped over 5% on Tuesday after the Aussie gold miner announced it had received an upgraded takeover offer from US gold mining giant Newmont valuing the company at almost $30 billion, implying a share price of $32.87/share, or a 22% premium to NCM's previous closing price. After assessing the revised proposal, Newcrest has agreed to grant Newmont the opportunity to conduct confirmatory due diligence to enable it to put forward a binding proposal. Evergreen Lithium debuted on the ASX yesterday, jumping 20% during its debut session in another sign the lithium era is far from over. The lithium explorer aims to mirror the success of neighbours Core Lithium (ASX:CXO) and Liontown Resources (ASX:LTR), through its flagship Bynoe, Fortune Lithium and Kenny Projects.What to watch today:Ahead of the local trading session the SPI futures are anticipating the ASX to open 0.34% higher to start the midweek session in the green.On the commodities front this morning crude oil is trading 2.4% higher at US$81.63/barrel, its highest level since late January, buoyed by prospects of higher Chinese demand and tighter global supplies. Gold is up 0.73% at US$2004.14/ounce and iron ore is up 0.42% at US$120/tonne.Taking a look at the Aussie dollar, AUD$1.00 is buying US$0.67, 88.97 Japanese Yen, 54.89 British Pence and NZ$1.07.Trading Ideas:Bell Potter has increased its price target on 4D Medical (ASX:4DX) from $0.96 to $1.05 and maintain a speculative buy rating on the company following the company announcing it has signed an inaugural contract in the US to deliver its XV LVAS scans to a US hospital client, in the first steps of commercialisation for the company's lung scanning technology.Trading Central have identified a bullish signal on Beach Energy (ASX:BPT) following the formation of a pattern over a period of 37-days which is roughly the same amount of time the share price may rise from the close of $1.54 to the range of $1.73-$1.77 according to standard principles of technical analysis.

Between the Bells
Weekly Wrap 17 February

Between the Bells

Play Episode Listen Later Feb 17, 2023 6:30


The Aussie share market fell 0.31% (Mon-Thu), weighed down by US CPI data and investor reactions to reporting season results. An increase to the unemployment rate was also announced this week, strengthening investor appetite for growth stocks.In this week's wrap, Grady covers:(0:29) What the big banks focused on this reporting season(2:25) Wesfarmers & Whitehaven Coal's corporate earnings(4:26) The best performing stocks in the ASX200(5:25) The most traded stocks & ETFs by Bell Direct clients(5:55) Two economic news items to watch out for

Between the Bells
Closing Bell 15 February

Between the Bells

Play Episode Listen Later Feb 15, 2023 3:18


The ASX fell 1.06% today following the release of stronger-than-expected CPI data out in the US overnight which sent shockwaves through investor confidence, renewing fears of the Fed continuing its aggressive rate hike stance. Investors sold out of financial stocks today amid fears of increasing doubtful debts on bank balance sheets resulting from further rate hikes anticipated. Reporting season also continued today with a number of big names releasing results.The Commonwealth Bank of Australia (ASX:CBA) reported first half results today that included 10% growth in NPAT, an interim dividend of $2.10/share, Net Interest Margin up 18-basis points to 2.10% and operating performance up 18%. Investors sharply sold out of CBA shares today though after the bank increased its loan impairment expense by 77.1% which management blamed on current macro conditions including rising interest rates and prolonged inflationary pressures.Australian conglomerate Wesfarmers (ASX:WES) also released first half results today including revenue jumping 27% on the PCP to $22.558bn, 114% increase in Kmart EBIT, overall NPAT up 14% to $1.4bn, and the company declared an 88 cents per share dividend. Wesfarmers' Chemicals, Energy and Fertilisers revenue jumped 30.2% to $1.4bn, but the company's Catch business softened to report a $108m loss. Overall, investors were impressed with the results, sending the Wesfarmers share price up 1.8% today.The winning stocks from today's session were led by Star Entertainment Group (ASX:SGR) rallying 14.40%, while G.U.D Holdings (ASX:GUD) added 8.10% and Cochlear (ASX:COH) rose 7.75% on the back of first half results. And on the losing end Brainchip Holdings (ASX:BRN) fell 13.56%, Corporate Travel Management (ASX:CTD) lost 8.7% and Treasury Wine Estates (ASX:TWE) dropped 6.91%.The most traded stocks by Bell Direct clients today were Commonwealth Bank of Australia (ASX:CBA), Beach Energy (ASX:BPT) and Melbana Energy (ASX:MAY).On the commodities front today, the price of oil took a dive today to just below US$79/barrel after an industry report showed US crude inventories rose by 10.5m barrels last week, well above the expected 321,000 barrel rise. Gold is trading down 0.43% at US$1846/ounce and iron ore is up 1.22% at US$124.50/tonne.The Aussie dollar is buying US$0.69, 92.23 Japanese Yen, 57.34 British Pence, and NZ$1.10.

Between the Bells
Morning Bell 14 February

Between the Bells

Play Episode Listen Later Feb 13, 2023 3:36


US equities rallied overnight, regaining ground after the S&P500 and the Nasdaq suffered their worst weekly decline in nearly two months. The Dow Jones traded 376.66 points higher or 1.11%, the S&P500 climbed 1.14% and the Nasdaq jumped 1.48%. And the energy minerals sector was the biggest laggard across US markets, with oil and gas companies such as EQT Corporation and Marathon Oil weighing on the sector the most. European markets also advanced in the first session of the week, as investors braced for US inflation data and a euro zone GDP estimate. The STOXX 600 closed 0.9% higher, Germany's DAX up 0.6%, France's CAC up 1.1% and the FTSE100 up 0.8%. What to watch today:The SPI futures are suggesting our local market will open 0.67% higher this morning. Reporting season is well underway, with a long list of companies set to release their half year results today. Some big names reporting today include Breville (ASX:BRG), Challenger (ASX:CGF), Charter Hall (ASX:CHC), CSL Limtied (ASX:CSL), Dexus (ASX:DXS), James Hardie (ASX:JHX) and Seek (ASX:SEK), to name a few. Suncorp (ASX:SUN) is set to go ex-dividend, which may see its share price fall as investors take their profits. In economic data out today, NAB will release its business confidence data for January at 10:30am and Westpac will release its data on consumer confidence for February 11:30am AEDT. Then tonight we'll be watching out for the unemployment rate out in the UK and CPI out in the US. In commodities, Oil prices are slightly lower after rebounding at o above US$80 per barrel in the late hours of trade, after falling much of the session as investors balance supplies from Turkey and Russia while awaiting the US CPI report. Gold is down 0.5% and is sliding toward its lowest levels in five weeks and is remaining under the pressure.  Iron ore is 0.5% higher at US$126 per tonne. Trading Ideas:Bell Potter maintain a BUY rating on Beach Energy (ASX:BPT) following the release its half year earnings, which saw underlying EBITDA of $491m and NPAT of $191m, both consistent with Bell Potter's estimates. The company also declared a 2cps fully franked dividend. The energy company has strong, fully funded production growth outlook, diversified across five energy basins and across four separate gas markets. Bell Potter have lowered their price target from $2.25 to $2.21 and at BPT's current share price of $1.52, this implies 45.9% share price growth in a year. Trading Central have identified a bearish signal in CSR Limited (ASX:CSR), indicating that the stock price may fall from the close of $5.04 to the range of $4.98 to $5.09 over 23 days, according to the standard principles of technical analysis.

Between the Bells
Closing Bell 6 February

Between the Bells

Play Episode Listen Later Feb 6, 2023 3:58


The local market started the week in negative territory, closing the day down 0.25%, ahead of the RBA's rate hike decision for February out tomorrow, which is the first interest rate decision for 2023. Real estate stocks were the hardest hit today as investors anticipate the impact another rate hike will have on RIET stock balance sheets, with the sector closing Monday's session down more than 1.6%. Furniture retailer Nick Scali (ASX:NCK) tumbled more than 13% today after posting first half results including a 12.1% decline in written sales orders for January 2023, revenue growth of 57.4% and NPAT up 70.2% on the prior corresponding period. Investors may be selling out of the furniture retailer's shares today after the company failed to provide guidance beyond January, citing it ‘2H FY23 results will depend upon trading during February to April and at this point it is difficult to provide further guidance', which didn't impress investors, sparking fears of tougher times to come as interest rates continue rising and consumer spending declines.Beach Energy (ASX:BPT) shares lifted today after the gas producer released an update on its Waitsia Stage 2 project. The oil and natural gas explorer and producer today said it has reached an agreement with Webuild for the completion of the Waitsia stage 2 project with the Waitsia joint venture and Webuild now targeting first gas by the end of 2023, 6-months later than the original target date, at an increased CAPEX estimate of $400-$450m, up from the original $350-$400. Webuild's acquisition of Clough, who was originally contracted to complete the Waitsia project, will see a seamless transition for the Webuild team to complete the Waitsia project.Hot takeover target Warrego Energy (ASX:WGO) rose 3% today after Gina Rinehart's Hancock Prospecting confirmed it has increased its takeover bid for the company to 36 cents per share from 28 cents per share, to end the bidding war over Warrego with Hancock Prospecting now having a 50.54% stake in the company. The increase in Hancock's holding was made possible by Hancock partner Mineral Resources selling its shares in Warrego to Hancock for 36 cents per share.The winning stocks from today's session were Newcrest Mining (ASX:NCM) adding 9.3% after receiving a takeover offer, Beach Energy (ASX:BPT) rallied 3.7% on the Waitsia update and Incitec Pivot (ASX:IPL) added 3.22%. And on the losing end, Lake Resources (ASX:LKE) led the losses today closing down 6.21% while Sayona Mining (ASX:SYA) fell 5.77% and Core Lithium (ASX:CXO) dropped 5.75% today.The most traded stocks by Bell Direct clients today were Rio Tinto (ASX:RIO), Newcrest Mining (ASX:NCM) and Macquarie Group (ASX:MQG).Taking a look at commodities crude oil has recovered this afternoon to trade 0.18% higher at US$73.51/barrel as the International Energy Agency sees China's economy could be poised for a stronger-than-expected rebound which will boost demand for crude. Coal is down 3.67% at US$236/tonne, gold is up 0.66% at US$1877/ounce and iron ore is up 0.8% at US$126.50/tonne.The Aussie dollar is buying US$0.69, 91.51 Japanese Yen, 57.26 British Pence and NZ$1.10.

Between the Bells
Morning Bell 31 January

Between the Bells

Play Episode Listen Later Jan 30, 2023 2:15


Ahead of the Federal Reserve's rate decision, US equities closed in the red overnight, pausing the rally we've seen in Wall St. Investors are always preparing for the busiest week of the US earnings season. The Dow Jones dropped 0.77%, the Nasdaq down 1.96% and the S&P500 down 1.3%. Communications services and information technology were among the biggest laggards in the S&P500, while mega-cap tech stocks such as Meta and Alphabet are down more than 2%. Over in Europe, Germany's DAX, France's CAC and the STOXX 600 all closed in the red, while the FTSE gained 0.25%. What to watch today:Ahead of the local trading day, The market is set to open slightly lower this morning, with the SPI futures suggesting a fall of 0.07%. In commodities, the price of oil has dropped 2.25% amid robust Russian exports and persistent fears of the global economic slowdown. Gold is trading just 0.2% lower, while iron ore is flat. There are a few companies set to release their quarterly reports today, including Beach Energy (ASX:BPT), Gold Road Resources (ASX:GOR), Megaport (ASX:MP1), Nickel Industries (ASX:NIC), PointsBet Holdings (ASX:PBH) and Syrah Resources (ASX:SYR). Trading Ideas:Bell Potter maintain a BUY rating on Alkane Resources (ASX:ALK), an exploration, mining and investment company. The company is an established gold producer and maintains a multicommodity exploration portfolio. Trading Central has identified a bullish signal in Boss Energy (ASX:BOE), indicating that the stock price may rise from the close of $2.63 to the range of $2.82 to $2.88 over 36 days, according to the standard principles of technical analysis. 

Life of Mine
Min Res getting in on the GAS, Gates and Bezos investing in breaking rocks quicker and high grade Copper - Channel Mine News 16 Dec

Life of Mine

Play Episode Listen Later Dec 16, 2022 15:24


Welcome to today's episode of Channel Mine News, the go-to “in your ears” Mining news source for all the multi-taskers out there. In today's episode, you'll hear about: Mineral Resources (MIN) takeover offer for Norwest Energy (NEW) to gain full control of Lockyer Deep Gas discovery in Perth basin (next to Strike and Beach Energy). BHP, Bill Gates and Jeff Bezos invest in I-Rox pulse-powered technology that aims to “reduce the amount of energy needed to crush rocks”. Gates, Bezos and plenty of other rich people also invest $150 million into Mingomba copper-cobalt mine in Zambia (highest grade undeveloped large Copper mine in the world).   If you would like your company to be a part of Channel Mine News, get in touch with me via matt@lifeofminepodcast.com   ***DISCLAIMER***   All Channel Mine News episodes are for information only and may contain forward looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.   ****************   Buy all your Life Of Mine Merch here   Life Of Mine LINKS   Follow on LinkedIn Follow on Twitter Subscribe on Youtube Follow on Facebook Follow on Instagram   Make sure you subscribe to Life Of Mine wherever you get your Podcasts (links below):   APPLE SPOTIFY GOOGLE PODBEAN

Between the Bells
Weekly Wrap 16 December

Between the Bells

Play Episode Listen Later Dec 16, 2022 7:08


The Aussie share market lost 0.12% this week (Mon-Thu), and in a tough year for investors, the ASX200 is trading 5.71% lower (YTD). All eyes will be on inflation, rates and energy prices in 2023.   In this week's wrap, Grady covers:(0:18) M&As, the big banks & the data breaches in 2022 (1:37) How commodity prices rocked this year (2:07) What's in store for the year ahead(3:47) The best performing stocks in the ASX200(5:32) The most traded stocks & ETFs by Bell Direct clients(6:00) Four economic news items to watch out for

Life of Mine
Min Res getting in on the GAS, Gates and Bezos investing in breaking rocks quicker and high grade Copper - Channel Mine News 16 Dec

Life of Mine

Play Episode Listen Later Dec 15, 2022 14:41


Welcome to today's episode of Channel Mine News, the go-to “in your ears” Mining news source for all the multi-taskers out there. In today's episode, you'll hear about: Mineral Resources (MIN) takeover offer for Norwest Energy (NEW) to gain full control of Lockyer Deep Gas discovery in Perth basin (next to Strike and Beach Energy). BHP, Bill Gates and Jeff Bezos invest in I-Rox pulse-powered technology that aims to “reduce the amount of energy needed to crush rocks”. Gates, Bezos and plenty of other rich people also invest $150 million into Mingomba copper-cobalt mine in Zambia (highest grade undeveloped large Copper mine in the world). If you would like your company to be a part of Channel Mine News, get in touch with me via matt@lifeofminepodcast.com ***DISCLAIMER*** All Channel Mine News episodes are for information only and may contain forward looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. **************** Buy all your Life Of Mine Merch here Life Of Mine LINKS Follow on LinkedIn Follow on Twitter Subscribe on Youtube Follow on Facebook Follow on Instagram Make sure you subscribe to Life Of Mine wherever you get your Podcasts (links below): APPLE SPOTIFY GOOGLE PODBEAN

Between the Bells
Weekly Wrap 9 December

Between the Bells

Play Episode Listen Later Dec 9, 2022 6:15


The Aussie share market lost 1.73% this week (Mon-Thu), as investor fears of a global recession increased and GDP growth data in Australia came in below expectations causing investors to analyse their sector exposures.In this week's wrap, Grady covers:(0:12) Market expectations on consumer spending(1:27) The changing outlook for retail companies(2:59) Private consumption as a percentage of GDP in Australia(3:24) The best performing stocks in the ASX200(5:05) The most traded stocks & ETFs by Bell Direct clients (5:30) Three economic news items to watch out for

The Call from ausbiz
the call: Friday 2 December

The Call from ausbiz

Play Episode Listen Later Dec 2, 2022 52:02


Jun Bei Liu from Tribeca Investment Partners and Adam Dawes from Shaw and Partners go in-depth and stock specific. Stocks covered: XRO, TWE, A2M, WTC, MQG, RIO, MNY, DRO, PGL, YMAX. The stock of the day is Beach Energy. Hosted on Acast. See acast.com/privacy for more information.

Between the Bells
Closing Bell 29 November

Between the Bells

Play Episode Listen Later Nov 29, 2022 1:49


Our local market gained just 0.3% today. While the ASX200 was trading quite flat today, Qantas shares were outperforming the XJO, as well as other travel stocks, amid news that Qantas Frequent Flyer has launched thousands of points planes to coastal cities over the summer. More than 3,000 flights will be turned into what's referred to as “points planes” where every seat can be booked under a classic flight reward. Late last week, brokers retained their Buy recommendations on QAN. UBS and Ord Minnett retained a Buy, Credit Suisse and Macquarie both Outperform and Morgan Stanley Overweight.A boost in iron ore futures prices saw mining stocks advance today. The materials sector performed best, gaining 1.7%, followed by healthcare and technology, while real estate declined the most.The best performing stocks on the ASX200 today were Fisher and Paykel (ASX:FPH), Nanosonics (ASX:NAN) and Rio Tinto (ASX:RIO), while the worst performers were Collins Foods (ASX:CKF), ASX (ASX:ASX) and Virgin Money UK (ASX:VUK).The most traded stocks by Bell Direct clients today were Core Lithium (ASX:CXO), APA Group (ASX:APA), BHP Group (ASX:BHP) and Commonwealth Bank (ASX:CBA).The Australian dollar is buying US$0.67, 92.85 Japanese Yen, 55.85 British Pence and NZ$1.08.

Between the Bells
Morning Bell 29 November

Between the Bells

Play Episode Listen Later Nov 28, 2022 3:48


Global markets closed in the red overnight, after protests in China raised worries around supply chains. Stocks fell as social unrest from China's prolonged COVID restrictions weighed on markets around the world. Chinese governments tightened some COVID controls as case numbers rose, even though earlier this month Beijing adjusted some policies that otherwise suggested the country's reopening.This saw oil futures hovering around brand-new lows for this year, earlier in the trading day, due to concerns around demand.In US equities, the Dow Jones dropped more than 500 points or 1.5%. The S&P500 and the Nasdaq each dropped 1.7%.China is the world's second-biggest economy, so almost all markets are affected in some way. We also saw Bloomberg report that it could mean 6 million fewer iPhone units for the year, as the factories in China are shutdown, and this saw Apple shares drop 2.8%.European equities were down also. The STOXX 600 down 2.9%, Germany's DAX down 1%, France's CAC down 0.7% and in the UK the FTSE 100 down 0.2%.What to watch today:The SPI futures are suggesting the Australian market will open flat this morning.In commodities:Currently oil prices have rebounded, now trading 1% higher at US$77 per barrel, after having hit an 11-month low of US$73.50 earlier in the session. As well as the protests in China, there are also rumours of an OPEC production cut. Keep your eye on energy producers today such as Santos (ASX:STO) and Beach Energy (ASX:BPT).Meanwhile the price of gold is reading 0.85% lower, pressured by a recovery in the US dollar.The iron ore price has jumped 2.5% at US101.50 per tonne and is set to close the month nearly 25% higher at levels last seen in mid-September. In iron ore markets, expansionary measures from China to sustain slowing economic growth, outweighed the concerns about the protests. So keep watch of Rio Tinto (ASX:RIO), Fortescue Metals (ASX:FMG), Champion Iron (ASX:CIA) and BHP Group (ASX:BHP).Trading Ideas:Bell Potter maintain a Buy rating on IPD Group (ASX:IPG), which is a leading Australian distributor of electrical equipment and industrial digital technologies operating nine distribution centres and services over 4,200 customers nationally. Bell Potter maintained their recommendation after the company's AGM yesterday, where they released H1 2023 estimated guidance well-ahead of Bell Potter's estimated forecasts. Bell Potter say that the company provides investors with leverage to a new life cycle of demand, which in Europe has seen a more than 15% market growth per annum over the last two years. Bell Potter have increased their price target from $2.25 to $3.35, and at its current share price of $3.05, this implies 9.8% share price growth in a year.Trading Central have identified a bullish signal in NEXTDC (ASX:NXT) indicating that the stock price may rise from the close of $9.82 to the range of $11 to $11.30 over 51 days according to the standard principles of technical analysis.

Business News - WA
At Close of Business 14 November 2022

Business News - WA

Play Episode Listen Later Nov 14, 2022 16:53


Senior journalist Matt Mckenzie talks about California's space industry, Elon Musk and similarities between Las Vegas and Perth. Plus the latest on Town of Cottesloe, Beach Energy and Namoi Cotton.

Between the Bells
Closing Bell 11 October

Between the Bells

Play Episode Listen Later Oct 11, 2022 2:51


The ASX succumbed to the pressure of the global market sell-off today, closing Tuesday's session 0.34% lower despite a morning rally. Investors sharply sold out of energy stocks amid a decline in the price of oil, while also weighing up declining consumer and business confidence data which were released today for September and October respectively. Westpac Consumer Confidence slid almost 1% for October, while NAB Business Confidence data dropped 5 points in September amid difficult business and economic conditions.The oil and gas mining giants took a hit today on the declining price of oil, with Beach Energy (ASX:BPT) falling 2.5%, Woodside Energy (ASX:WDS) shedding 2% and New Hope Corporation (ASX:NHC) ended the day down 1.2%.Despite the market closing lower, some stocks made headlines for surging ahead today including John Lyngs Group (ASX:JLG), which recovered 6% of yesterday's sharp sell-off, while Allkem (ASX:AKE) added nearly 5% and Orica (ASX:ORI) gained 4.4% today.On the losing side, Sayona Mining (ASX:SYA) was the worst performing stock on the ASX200 today despite no price sensitive news released by the lithium producer today. Imugene (ASX:IMU) continued its sell-off today, losing 5.5%, despite no news out of the company. Megaport (ASX:MP1) rounded out the bottom three performing stocks today, closing just under 5% lower. Baby retailer Baby Bunting (ASX:BBN) shares tanked more than 20% today after the company issued a warning about the company's gross profit margin as it fell 208 basis points over the PCP to 37.2%. While travel business Helloworld Travel (ASX:HLO) fell 0.5% today, despite the company releasing an update flagging a rebound in travel is imminent as its total transaction value soared 352% in the September quarter to $561m from the same period a year earlier.On the economic data front for tomorrow there is no local data released tomorrow, however overseas the UK's GDP data for August will be released tomorrow afternoon and US Producer Price Index data for September will be out later tomorrow night.The Australian dollar has weakened again, trading at 62.6 US cents, 57.19 British Pence, 91.16 Japanese Yen and 1 New Zealand dollar and 13 cents.

Between the Bells
Morning Bell 9 September

Between the Bells

Play Episode Listen Later Sep 8, 2022 3:00


Well US investors took the Federal Reserve's latest comments on taming inflation positively, as equities moved higher overnight in New York. Stocks initially fell during a Q&A session from the Fed Chairman Jerome Powell at the Cato Institute. He signalled that there wouldn't be a pause in rate hikes or a pivot to cutting interest rates anytime soon. US equities however ended the session with gains. The Dow Jones closed up 0.6%, the S&P500 up 0.7% and the Nasdaq up 0.6%. European markets closed higher, after the European Central Bank announced a 75-basis point interest rate rise. The STOXX 600 closed 0.5% higher. What to watch today:The Australian market is set to open flat this morning. The SPI futures are up 5 points. In commodities, Oil is trading 2% higher. The price is rebounding after tumbling almost 6%, as investors weighed on supply concerns. Also President Vladimir Putin said Russia was to immediately stop oil supply to countries that support the G7's initiative to cap prices on oil exports or the EU's plan to place a ceiling on Russia natural gas sales. Although the oil price is currently trading in higher, it still remains close to the 8-month low, which was reached when monetary tightening and COVID lockdowns weighed on demand. Today, keep watch of Woodside Energy (ASX:WDS), Beach Energy (ASX:BPT), Santos (ASX:STO) and other energy producers. The gold price is lower, after caution dominated sentiment ahead of the Jerome Powell's speech and the ECB's rate hike announcement. Watch gold miners such as St Barbara (ASX:SBM) and Newcrest Mining (ASX:NCM). Iron ore has also dropped, approaching the nine-month low it reached earlier in the month. Stocks going ex-dividend today, which may see share prices fall as investors take profits, include Nine Entertainment (ASX:NEC) and WiseTech Global (ASX:WTC). Trading Ideas:Bell Potter maintain a Speculative Buy rating on De Grey Mining (ASX:DEG). Bell Potter have increased their price target from $1.80 to $1.97. At its current share price of $0.97, this implies 103% share price growth in a year. Trading Central have identified a bearish signal in Metcash (ASX:MTS), indicating that the stock price may fall from the close of $4.11 to the range of $3.79 to $3.85 over 10 days, according to the standard principles of technical analysis. 

Between the Bells
Closing Bell 7 September

Between the Bells

Play Episode Listen Later Sep 7, 2022 3:05


Investor sentiment was dampened today in the wake of the RBA's 50-basis point interest rate hike, GDP data showing the Australian economy grew 0.9% in the June quarter and the price of oil tumbling 2%, which caused a sell-off in energy stocks. The market closed the midweek session down 1.42%, dragging the index down more than 10.6% over the last 52-weeks.The story of the session was Australia's economy or GDP growing 0.9% in the June quarter and 3.6% for the year, driven by the boom in resource exports and high household consumption. The high consumer household spending, which jumped 2.2% in the quarter, indicates the full impact of RBA rate hikes are yet to fully be felt by consumers, with the biggest increases in spending done at cafes, restaurants and on transport services. The overall GDP data came in relatively in-line with market expectations.Today's winning stock was ResMed (ASX:RMD), which jumped 4.23% after Morgans placed an Add rating on the stock with a price target of $37.08 per share, based on the sleep treatment company's positive long term growth outlook. Virgin Money (ASX:VUK) also rallied 3.3% today, while Fisher & Paykel Healthcare (ASX:FPH) added just over 3%.Energy stocks faced a sharp sell-off today as the price of oil and natural gas prices are down around 2% each in the aftermath of Russia announcing Nord Stream 1 would be offline indefinitely, OPEC placing a price cap on Russian oil and China's COVID zero goal hurting demand. Viva Energy Group (ASX:VEW) fell more than 6.5% today, while New Hope Corporation (ASX:NHC) and Beach Energy (ASX:BPT) lost 4.9% and 4.5% respectively. The session's worst performing stock was Chalice Mining (ASX:CHN), which fell more than 13% despite no price sensitive news released by the company today. Qantas (ASX:QAN) shares also took a hit today after the ACCC found the cheapest domestic airfares were 56% more expensive in August than the four months prior, travellers faced record delays and the number of flights cancelled surged to three times the long-term average in July.The top traded stocks by Bell Direct clients today were Whitehaven Coal (ASX:WHC), the BetaShares Geared Australian Equity Hedge Fund (ASX:GEAR), and Fortescue Metals Group (ASX:FMG).On the economic calendar US trade balance data is released tonight while local investors will be keen to hear RBA Governor Philip Lowe's speech tomorrow to look for any signs on how aggressively the RBA will continue to raise interest rates moving forward, following the rate hike yesterday

Between the Bells
Closing Bell 5 September

Between the Bells

Play Episode Listen Later Sep 5, 2022 2:47


The Australian market rebounded from last week's loss to start the trading week in positive territory, ending Monday's session up 0.34%. ASX-listed oil stocks had investors piling in today after the G-7 agreed to impose a price cap on Russian oil to reduce Russia's revenue from the key commodity used toward funding its war in Ukraine. Russia responded by saying it will stop selling oil to countries that set price caps which fuelled the rally for energy stocks today with Beach Energy (ASX:BPT) soared more than 5% during the session, while Woodside Energy (ASX:WDS) added more than 3% and Santos (ASX:STO) rallied almost 3%. The price of oil also jumped over 2% today extending gains as investors anticipate possible moved by OPEC+ producers to cut output and support prices at a meeting later today. The winning stocks for today's session were Coronado Global Resources (ASX:CRN) up 7.5%, and Whitehaven Coal (ASX:WHC) up 6.5%, as investors also piled into coal mining stocks today on the back of the price of coal soaring to a near-record high US$435 per tonne. And on the losing front, Imugene (ASX:IMU) took the biggest hit today, tumbling more than 8% despite no price sensitive news released by the biotech company today. Pointsbet Holdings (ASX:PBH) continued its decline today, shedding 6.4% and Life360 (ASX:360) was also in the firing line of investors today, with its share price closing the day down almost 5%. The most traded stocks by Bell Direct clients today were Pilbara Minerals (ASX:PLS), Whitehaven Coal (ASX:WHC), and Commonwealth Bank (ASX:CBA). Taking a look at economic data released today, ANZ job ads data for the month of August showed Australia's tight labour market continues as the number of job ads posted in the month increased 2%. In Australia at present, there are more jobs than job seekers and the latest job ads data for August is further evidence that the labour shortage crisis is far from over. Data for new vehicle sales in August was also released today, showing August was the best month for new car sales since 2017, signalling demand for vehicles continues to outweigh supply. Electric vehicle sales for the month reached a record 4.4% of all new vehicles sold. The US market will be closed overnight for the labour day national holiday. Locally, investors will be eagerly awaiting the release of the RBA's latest interest rate decision for September, which is out tomorrow.

The COB from ausbiz
What a gas

The COB from ausbiz

Play Episode Listen Later Sep 5, 2022 11:37


A cautious start the week with macro uncertainty and a long weekend in the States keeping many on the sidelines. The S&P/ASX 200 climbed 0.34% to 6852.2.With Russia shutting the Nord Stream 1 gas pipeline indefinitely over the weekend, the energy sector unsurprisingly outperformed, surging 4% on renewed energy supply concerns. It was a familiar story at the individual level with Whitehaven, Beach Energy, Woodside and Santos gaining between 2.7% to 6.9%.Materials was another area of strength, pushing aside concerns surrounding lockdowns in China to post an increase of 1.9%. Pilbara Minerals was a big winner, climbing 4.2%. South32 wasn't far behind with an increase of 3.8%. Gold and copper miners such as Evolution Mining and Perseus Mining also enjoyed strong gains, helped in part by the outcome from Chile's constitutional referendum. BHP and Rio Tinto rose 2.6% and 1.8% respectively, driven by a rebound in iron ore futures. Fortescue was an exception to the rule, sliding 4.7% as it traded ex-dividend.Today's top 3 VODsJun Bei's number one reporting season hitA deep dish dive into Domino'sWhere there's a will there's a way Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Between the Bells
Morning Bell 30 August

Between the Bells

Play Episode Listen Later Aug 29, 2022 3:02


Well, the sell-off continued overnight. US equities declined further with all three major benchmarks closing in the red, amid increasing concerns over rising rates and tighter US monetary policy. The Dow ended the session down 0.6%, the S&P500 down 0.7%, while the Nasdaq dropped just over 1% at the close. Tech was also the worst performing S&P500 sector, while energy and utilities outperformed. What to watch today:Despite the broad selling in New York, the SPI futures are suggesting the Australian market will open 0.26% higher at the open this morning. In commodities, The oil price has jumped, current trading over 4% higher, as supply-side concerns have outweighed fears that a prolonged economic slowdown will affect fuel demand. Also last week, Saudi Arabia flagged possible OPEC production cuts to stabilise volatile markets. So keep watch of oil producers today such as Santos (ASX:STO), Woodside Energy (ASX:WDS) and Beach Energy (ASX:BPT). The gold price has dropped, tracking the downturn in the US dollar. Iron ore continues to gain, bouncing back after hitting its lowest level in more than a month. Companies reporting their earnings results today include Dicker Data (ASX:DDR), Healius (ASX:HLS), IGO (ASX:IGO), Link Administration (ASX:LNK), Woodside Energy (ASX:WDS) and WISR (ASX:WZR). Companies set to go ex-dividend today, which often sees their share prices fall, include Accent Group (ASX:AX1), Bega Cheese (ASX:BGA), Blackmores (ASX:BKL), Endeavour Group (ASX:EDV), OZ Minerals (ASX:OZL), Treasury Wine Estates (ASX:TWE), Wesfarmers (ASX:WES) and Woolworths (ASX:WOW). Trading Ideas:Bell Potter have upgraded their rating on The a2 Milk Company (ASX:A2M) from a Hold to a Buy. A2M yesterday reported FY22 underlying NPAT ahead of Bell Potter's expectations of NZ$122.6 million. Revenue and EBITDA also increased and the company's FY23 outlook is promising. Bell Potter increased their price target form AU$4.75 to AU$6.35. And at A2M's current share price of AU$5.40, this implies 17.6% share price growth in a year. Trading Central have identified a bullish signal in Galileo Mining (ASX:GAL) indicating that the stock price may rise from the close of $1.25 to the range of $1.46 to $1.50 over 28 days, according to the standard principles of technical analysis. 

Between the Bells
Weekly Wrap 19 August

Between the Bells

Play Episode Listen Later Aug 19, 2022 5:04


We're excited to welcome Grady Wulff, our new Market Analyst at Bell Direct. Grady and the Market Analyst team are dedicated to bringing you daily insights to support you in your investment journey.   In her first weekly wrap, Grady covers:(0:42) Why the energy sector is in the spotlight(2:07) An update on reporting season(2:42) Consumer staples stocks outperforming(2:55) Bell Potter's energy stock picks(3:34) The most traded stocks & ETFs by Bell Direct clients(4:00) The latest unemployment reading

CommSec
Market Close 15 Aug 22: ASX 200 near 2-month high

CommSec

Play Episode Listen Later Aug 15, 2022 5:32


The Australian sharemarket rose by 0.45% on Monday, with nine of 11 sectors finishing higher as a busy week kicks off. Carsales.com, GPT Group and BlueScope Steel all rose after handing down their latest earnings. Beach Energy and Bendigo & Adelaide Bank both fell after releasing results.  Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

The COB from ausbiz
Profits up, guidance nup

The COB from ausbiz

Play Episode Listen Later Aug 15, 2022 14:49


Wall Street's lead guided the ASX200 higher with market holding onto its early gains to close 0.45% higher at 7064. Earnings season is well and truly underway now, with some heavy hitters handing down results. JB Hi-Fi delivered a solid set of full year numbers but skipped on guidance, so the stock cut 1% for the session. Meanwhile, Bendigo and Adelaide Bank reported and warned of slowing loan growth, with investors pushing its shares nearly 9% lower for the day. BlueScope Steel didn't quite live up to expectations. But the numbers were very strong and the company painted a picture of strong steel demand going forward. Its shares jumped 3.9%. Beach Energy was also punished despite reporting roaring revenues after delivering a disappointing dividend. Carsales shares gained 5.8% after posting profits at the top end of its guidance. Tomorrow, BHP is the big one. Challenge, Life 360 and Seek are also on the docket. Our top three VODs:Why this investor remains sceptical of the rally in equitiesEyes on earnings: three smalls to watch Capital independent companies don't fear rate hikes Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Between the Bells
Morning Bell 16 August

Between the Bells

Play Episode Listen Later Aug 15, 2022 3:26


Our local market closed 0.5% higher with the real estate and consumer discretionary sectors in the lead, while energy and financials were in the red. Beach Energy (ASX:BPT) dropped the most on the ASX200 yesterday, after reporting its results. Although revenue jumped, the oil and gas producer reported a lower-than-expected production outlook, which disappointed investors. On the other hand, mining stocks Core Lithium (ASX:CXO), Champion Iron (ASX:CIA) and Lake Resources (ASX:LKE) closed with strong gains. The most traded stocks by Bell Direct clients were BHP Group (ASX:BHP), Bowen Coking Coal (ASX:BCB) and Telstra (ASX:TLS). Overseas, investors monitored market reactions to weak Chinese economic data. China's industrial output and retail sales data for July missed expectations. Also, China's central bank cut rates unexpectedly, raising concern over China's economic recovery. However, European markets still managed to close marginally higher, while US equities rallied as investors prepared for a big week of retail earnings. Wall Street started the session lower with declines in energy and financials, however later rebounded into positive territory as consumer staples, consumer discretionary and communication services moved higher. All three major benchmarks closed in the green. What to watch today:Following US equities, the SPI futures are suggesting the Australian market will rise 0.32% at the open this morning. In commodities, oil has tumbled to an almost six-month low as industrial production figures in China missed expectations, as China is a top oil importer. This added to the news of OPEC's expectations of a decline in oil demand and supply increases. So today keep watch of energy producers such as Santos (ASX:STO) and Woodside Energy (ASX:WDS). Gold and iron ore are also trading in the red. Watch the share price movements of these company's reporting their earnings results today: Life360 (ASX:360), BHP Group (ASX:BHP), EML Payments (ASX:EML), Goodman Group (ASX:GMG) and James Hardie Industries (ASX:JHX). Stocks that are set to go ex-dividend today include Computershare (ASX:CPU), Genworth Mortgage Insurance (ASX:GMA) and GQG Partners (ASX:GQG). Remember that this often sees share prices fall, as investors take their profits. Trading Ideas:Bell Potter maintain their Buy rating on Beach Energy (ASX:BPT). The company reported EBITDA and NPAT both below Bell Potter's expectation, however, have a strong, fully funded energy production growth outlook. Bell Potter's have lowered their price target to $2.30, and at its current share price of $1.64, this implies 40% share price growth in a year. Trading Central have identified a bearish signal in Alumina (ASX:AWC) indicating that the stock price may fall from the close of $1.53 to the range of $1.32 to $1.36 over 21 days, according to the standard principles of technical analysis. 

Market Matters Podcasts
Markets @ Midday - Monday 15th August - Bendigo (BEN), Beach Energy (BPT) & JB Hi Fi (JBH)

Market Matters Podcasts

Play Episode Listen Later Aug 15, 2022 6:13


General Advice only

Between the Bells
Morning Bell 15 August

Between the Bells

Play Episode Listen Later Aug 14, 2022 3:48


The local market closed lower on Friday but gained 0.2% for the week to notch out a fourth straight week of gains. The energy sector defied the broader market sell-off on Friday, boosted by an almost 4% rise for Woodside Energy Group (ASX:WDS).New Hope Corporation (ASX:NHC) and Beach Energy (ASX:BPT) also jumped more than 3% on Friday as investors piled into energy stocks amid rising energy prices. On the energy front, we will be keeping an eye on the sector this coming week following the passing of the Inflation Reduction Act in the US House over the weekend which includes US$369bn for energy security. On the losing front from Friday's session, Lake Resources fell almost 13.5%, as some investors took profit from the company's surge of 73% earlier in the week, while Novonix and Telix Pharmaceuticals also lost more than 8% and 7% respectively.The most traded stocks by Bell Direct clients last week were Lake Resources (ASX:LKE), Core Lithium (ASX:CXO) and Orora (ASX:ORA).All three key US market indices closed higher on Friday as investor beliefs that inflation may have reached its peak were strengthened on Thursday with inflation data coming in below analysts' expectations. Consumer discretionary stocks led the charge in the US on Friday with the sector adding more than 2.3% while technology stocks were pushed higher by Meta jumping over 1% on reports of a new delivery partnership with DoorDash. The market rally extended into Europe on Friday with the Stoxx, FTSE and DAX each closing in the green as investors digested an array of economic data released including the UK economy contracting in the second quarter of 2022 as the country's cost of living crisis worsened.What to watch today:Following a strong session for the US to close out last week, the Australian market is set to open higher this morning.Reporting season remains the key focus of trading this week with Beach Energy (ASX:BPT), Bendigo and Adelaide Bank (ASX:BEN), Bluescope Steel (ASX:BSL), G.U.D Holdings (ASX:GUD), GPT Group (ASX:GPT) and tech giant JB Hi-Fi (ASX:JBH) releasing results today.Taking a look at the commodities, crude oil continues to decline from highs back in March on the back of OPEC lowering its demand forecast for the year ahead amid growing signs that a slowdown in global economic growth will curb oil demand. Iron ore is down almost half a percent, and natural gas prices have pulled back from a high on Friday, but gold is trading just under 1% higher.This week, we will be keeping a close eye on several economic data releases including the RBA's meeting minutes for August, Australia's Wage Price Index, US retail sales and Australia's unemployment rate later in the week.Trading Ideas:Trading Central have identified a bearish signal on Northern Star Resources (ASX:NST) through a ‘Continuation Wedge' chart pattern forming, indicating the stock price may fall from the close range of $8.26 to $6.60-$6.90. The pattern formed over a 17-day period which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.Trading Central has also identified a bullish signal on Clean Seas Seafood (ASX:CSS) on the basis of a ‘bottom triangle' chart pattern forming over 33-days, indicating the stock price may rise from the close of 60 cents per share to between 73 – 77 cents per share. The chart pattern forming over 33-days is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

australia europe uk australian consumer reporting doordash inflation reduction act us house opec ftse bendigo rba stoxx orora ausbiz lake resources bell direct northern star resources beach energy morning bell telix pharmaceuticals bell potter
Between the Bells
Morning Bell 21 July

Between the Bells

Play Episode Listen Later Jul 20, 2022 4:28


Yesterday, our local market advanced 1.7%, its best gain in around three weeks, again supported by a strong session in the US on Tuesday, after profit results from some well-known companies came in better than expected. We also heard from RBA Governor Phillip Lowe, who said he expected the RBA to lift the cash rate to 2.5%, but whether that eventuates, as well as how quickly that may happen “will be determined by the inflation outlook”, with the next inflation update due out next Wednesday. Sectors wise, all eleven industry sectors were in the green. The best performing sector was tech, followed by materials and real estate. Megaport (ASX:MP1) was the biggest gainer, up 23% yesterday, following it delivering EBITDA profit in the fourth quarter, a first for the company. Paladin Energy (ASX:PDN) lifted 10.5%, after its management decided to restart one of its mines due to strong uranium market fundamentals. On the flip side, the biggest decliners yesterday were NIB Holdings (ASX:NIB), Pendal Group (ASX:PDL) and Perseus Mining (ASX:PRU). The most traded stocks by Bell Direct clients yesterday included Sims (ASX:SGM), the BetaShares Australian Strong Bear Hedge Fund (ASX:BBOZ) and BHP Group (ASX:BHP).Moving to the US, all three benchmarks closed higher, boosted by a tech rally. Streaming giant Netflix surged after it reported it had lost 970,000 subscribers in the second quarter, which was less than the 2 million it had previously projected. Investors had been awaiting this earnings season for an indication on how companies are coping with the worst inflation in more than 40 years. So far, 12% of S&P500 companies have reported earnings, with 68% beating analyst expectations.What to watch today:The Australian share market is expected to fall 0.46% at the open if you go by the SPI futures, despite another solid session on Wall Street.Watch ANZ (ASX:ANZ) today as it is expected to return from its trading halt after its recent announcement to acquire Suncorp's (ASX:SUN) banking division for $4.9 billion. Companies reporting today include Evolution Mining (ASX:EVN), Newcrest Mining (ASX:NCM), Santos (ASX:STO), Syrah Resources (ASX:SYR), Woodside Energy (ASX:WDS) and BNPL stock Zip (ASX:ZIP). Moving to commodities, softening US gasoline demand weighed on prices. The WTI Crude oil price declined about 2% to $US102 a barrel and the Brent price fell to US$106 a barrel. The gold price also came under pressure, following improving risk sentiment and a strong US dollar putting pressure on the safe haven asset, and the spot iron ore price trades flat at US$101 a tonne. If you hold Magellan Global Fund (ASX:MGF) or GrainCorp (ASX:GNC), you will receive your dividend payment today. Trading Ideas:Bell Potter have maintained its Buy rating on Beach Energy (ASX:BPT) with an increased price target from $2 to $2.40. BPT reported better than expected quarterly revenue of $504m, materially exceeding Bell Potter's expectation of $430m. Bell Potter believe the business has a strong, fully funded energy production growth outlook and highlighted that BPT is trading at lower earnings multiples compared with its ASX-listed peers. At its current share price of $1.82, this implies about 32% share price growth in a year. Trading Central has a bullish signal on BrainChip (ASX:BRN) indicating that the stock price may rise from the close of $1.13 to the range of $1.24 - $1.28 in the next 30 days according to standard principals of technical analysis. 

Between the Bells
Morning Bell 20 July

Between the Bells

Play Episode Listen Later Jul 19, 2022 5:10


Our local market closed 0.6% lower yesterday, partly due to comments made by the RBA's deputy governor, who stated that the official interest rate will move “a fair bit higher than where we currently are.” This put pressure on tech shares, which are interest rate sensitive. They declined 3%. And only two of the 11 industry sectors gained: energy was the best performer, up 2.5% and utilities gained 1%.While Xero (ASX:XRO) and EML Payments (ASX:EML) declined with the broader tech sector, the top performers on the ASX200 were Lake Resources (ASX:LKE), Pendal Group (ASX:PDL) and Whitehaven Coal (ASX:WHC).WHC was also the most traded stock by Bell Direct clients. Its share price closed 5.5% higher, following its Q4 update where the company reported that it expects to deliver an EBITDA worth $3 billion for the 2022 financial year. And WHC reported a strong quarter off the back of record coal prices. A number of brokers yesterday released positive reports on the coal miner as well. Bell Potter rate WHC a Buy. Citi upgraded WHC from Neutral to Buy. Morgans have an Add rating and Macquarie and Credit Suisse have an Outperform rating. So, brokers are optimistic on WHC at the moment. Its current share price is $6.21, and broker price targets range from $6.70 by Morgans, to $7.85 by Citi.Overseas, European stocks rallied with earnings season kicking off, and positive momentum from Wall Street. The STOXX 600 index closed with a gain of 1.4%, and this week investors will be waiting for the European Central Bank's policy meeting on Thursday in Frankfurt, as policymakers have given advance notice of the first-rate hike in 11 years.US equities saw a strong session overnight. The Dow Jones gained more than 750 points, up 2.4%, the S&P500 gained 2.8% and the tech-heavy Nasdaq closed with a 3.1% gain. This is off the back of strong corporate earnings reports coming in, bringing all three major averages above their 50-day moving averages for the first time since April.What to watch today:The Australian market is set to open higher, with the SPI futures suggesting a rise of 1.21% at the open this morning.In commodities,The price of oil is trading 2.5% lower currently, around US$100 per barrel, with reports that in at least the near term, it's unlikely that supply gaps will be filled by additional output from OPEC. This is despite efforts from the US government to bring more oil to markets, in the aim of taming energy costs.The price of gold is trading slightly higher, however remains close to its lowest levels in almost a year, with the constant pressure of US monetary tightening.Seaborne iron ore has dropped 2%.Coal is trading higher. China is the world's largest coal consumer and they've announced that they may lift an almost two-year ban on Australian coal. So, keep watch of coal stocks today.A few companies are set to release their quarterly reports, so keep watch of their share price movements today as well. These include 29Metals (ASX:29M), Allkem (ASX:AKE), Atlas Arteria Group (ASX:ALX), Beach Energy (ASX:BPT), Cooper Energy (ASX:COE), Northern Star Resources (ASX:NST), Perseus Mining (ASX:PRU) and Megaport (ASX:MP1).BHP released its quarterly report yesterday, and its production for copper and iron ore was in line with guidance. Following the report, Goldman Sachs reiterated its Buy rating, but trimmed their price target to $40.80. Macquarie, however, have a $50 price target, with an Outperform rating.Trading Ideas:Bell Potter maintain their Buy rating on Alkane Resources (ASX:ALK), as its June quarter update saw several important business development milestones. Bell Potter's price target is $1.30, and at ALK's current share price of $0.72, this implies 81.8% share price growth in a year.Trading Central have identified a bearish signal in ResMed (ASX:RMD), indicating t

Between the Bells
Morning Bell 19 July

Between the Bells

Play Episode Listen Later Jul 18, 2022 4:17


Our local market started the new trading week with a gain of 1.2%, supported by a strong session on Wall Street and in Europe on Friday.Sectors wise, tech stocks led the day's gains. Energy stocks also performed well after Brent oil prices jumped on Friday. Financials climbed about 1.4%, with three of the big four banks rising. Meanwhile, the healthcare sector dropped 0.5%. The best and worst ASX200 performers: BrainChip (ASX:BRN) surged 13.9%, following strong gains on the Nasdaq on Friday. BRN was not alone, other tech stocks also lifted, like Life360 (ASX:360), NOVONIX (ASX:NVX) and WiseTech Global (ASX:WTC). Building materials supplier, Boral (ASX:BLD) closed in the green also, up 6.2%. On the flip side, the worst performers included a2 Milk (ASX:A2M), Fisher & Paykel Healthcare (ASX:FPH) and Endeavour Group (ASX:EDV).   The most traded stocks by Bell Direct clients yesterday included Sims (ASX:SGM), PayGroup (ASX:PYG), the BetaShares Australian Strong Bear Hedge Fund (ASX:BBOZ) and Whitehaven Coal (ASX:WHC).Moving to the US, all three benchmarks closed lower following a late selloff that wiped out some strong intraday gains. The Dow closed 200 points lower and the S&P500 and Nasdaq both declined 0.8%. What to watch today:Following the negative session in the US, the SPI futures are suggesting that our market will open 0.32% lower.  Keep an eye on ANZ (ASX:ANZ) and Suncorp (ASX:SUN), after Suncorp accepted a $4.9 billion bid from ANZ to take over its banking business. ANZ is currently in a trading halt while it goes to its shareholders to raise $3.5 billion in additional funds to pay for the deal. This isn't expected to be completed for at least 12 months as it requires a number of regulatory approvals.In economic news, today sees the release of the minutes from June's monetary policy meeting held by the RBA. There are a number of Australian commodity companies reporting their Q4 results this week, including lithium player, Allkem (ASX:AKE) and oil companies Beach Energy (ASX:BPT) and Woodside Energy (ASX:WDS). Today, we'll hear from the largest company on the ASX, BHP Group (ASX:BHP). Other companies reporting today include HUB24 (ASX:HUB) and Ampol (ASX:ALD). In commodities, oil prices lifted, boosted by growing concerns over gas supply from Russia and a lower dollar. The gold price firmed, as the pullback in the dollar helped bullion recover some of its recent losses. The spot iron ore price trades 4.3% lower at US100 a tonne.Trading Ideas:Bell Potter have maintained its Buy rating on Whitehaven Coal (ASX:WHC). WHC reported unaudited financial year 2022 EBITDA of $3b and year end net cash of $1b, which Bell Potter highlighted was an outstanding result. The better than expected result was driven by record thermal coal prices and strong price realisation. Yesterday, WHC rose 5.6% off the back of these strong results.  Trading Central has a bullish signal on investment advice company, Praemium (ASX:PPS) indicating that the stock price may rise from the close of $0.68 to the range of $0.87 - $0.91 in the next 53 days according to standard principals of technical analysis. 

Between the Bells
Weekly Wrap 8 July

Between the Bells

Play Episode Listen Later Jul 8, 2022 6:05


The Aussie share market has advanced 1.7% so far this new financial year (Mon-Thu), accelerating after the cash rate was raised to 1.35%.  In this week's wrap, Sophia covers: (0:59) Why commodity prices have tumbled(1:47) Attractive tech stocks in the current market environment(2:22) Bell Potter's FY23 stock picks across five sectors(4:39) The most traded stocks & ETFs by Bell Direct clients(5:19) Three economic news items to watch out for 

Between the Bells
Morning Bell 29 June

Between the Bells

Play Episode Listen Later Jun 28, 2022 4:20


The benchmark ASX200 index posted its fourth consecutive day of gains, up 0.9% at the close. The strongest sectors were energy, utilities and materials, gaining over 3%, while the consumer discretionary sector declined.Mining stocks advanced as oil futures rallied higher on reports that the G7 Nations are wanting to lift output, however Saudi Arabia is reluctant. Energy producers including Woodside Energy (ASX:WDS) and Beach Energy (ASX:BPT) were among the best performers, as well as the iron ore majors BHP Group (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals (ASX:FMG). And gold miners were also in the green, recovering from the heavy falls we saw in gold stocks the previous session.Leading the ASX200 was Collins Foods (ASX:CKF). The KFC merchant released its full year results which saw strong gains in NPAT and sales. CKF closed 11.5% higher.The most traded stocks by Bell Direct clients yesterday were Link Administration (ASX:LNK), Amcor (ASX:AMC), Commonwealth Bank (ASX:CBA) and Woodside Energy (ASX:WDS).Overseas, European stocks closed slightly higher, although investor sentiment continues to struggle. Also, consumer confidence in Germany is projected to slide to a new record low in July. In New York, US equities declined with all three major benchmarks closing in the red. The benchmarks were rising earlier in the session, however turned direction after a disappointing consumer confidence index reading that came in below estimates. The Dow Jones closed down 1.6%, the S&P500 down 2%, while the Nasdaq dropped 3%.What to watch today:The local market is set to drop 1.26% at the open this morning, according to the Bloomberg SPI futures. This follows the decline in equities in the US overnight.ASX tech stocks took a hit yesterday, and are looking to decline further today, following the Nasdaq's lead. The Nasdaq moved toward its lowest three-month period since 2008.In commodities, oil has rebounded, now trading around US$111 per barrel. Gold is trading lower, while iron ore has rallied on solid demand prospects, amid easing COVID restrictions in China's major cities.Watch Carsales.com (ASX:CAR) as its due to return from a trading halt this morning. The company has raised $1.2 billion at a 14.5% discount to its share price.Watch Megaport (ASX:MP1) amid speculation that the company is a potential takeover target.There are over 30 stocks going ex-dividend. Remember this often sees shares fall as investors take their profits.Trading IdeasBell Potter maintain a Speculative Buy rating on 4D Medical (ASX:4DX), a software company commercialising its patented imaging platform. They've just signed a 3-year contract with I-MED Radiology Network which is the largest medical imaging provider in Australia. And the contact is for the provision of XV Technology which involves imaging systems for lung functions. Bell Potter raised their price target from $0.63 to $0.65, and at its current share price of $0.46, this implies 41.3% share price growth in a year.Trading Central have identified a bullish signal in CSL Limited (ASX:CSL), indicating that the stock price may rise from the close of $274.03 to the range of $292 to $295 over 18 days, according to the standard principles of technical analysis.

Between the Bells
Morning Bell 23 June

Between the Bells

Play Episode Listen Later Jun 22, 2022 3:54


Our local market closed slightly lower yesterday, down 0.2% or 15 points to 6,508, despite the rebound we saw over on Wall Street. The market was mixed. The utilities sector pushed 2.1% higher, supported by gains in APA Group (ASX:APA). Energy stocks also rallied, like Woodside Energy (ASX:WDS), Beach Energy (ASX:BPT) and Santos (ASX:STO). Meanwhile tech and consumer discretionary stocks led the losses came under pressure. The best performing stock was Coronado Global Resources (ASX:CRN), which managed to add 7.5% - despite its slump on Tuesday, after the Queensland government announced that there would be increased royalties on coal sales. Also performing well was Ampol (ASX:ALD) following Morgan Stanley retaining its overweight rating and lifting its price target to $39. On the flip side, the worst performers included St Barbara (ASX:SBM), Core Lithium (ASX:CXO) and Lake Resources (ASX:LKE), all down over 13%. Also, Crown Resorts (ASX:CWN) announced news that it had received regulatory approval to start its gaming operations at the Crown Sydney casino, but as the stock is no longer listed on the Aussie market as of last week, following its approval to be taking over by US firm Blackstone, the market couldn't react.The most traded stocks by Bell Direct clients yesterday was Stanmore Resources (ASX:SMR), Lake Resources (ASX:LKE), Amcor (ASX:AMC) and Seven West Media (ASX:SWM).In the US, all three benchmarks closed slightly lower, in a choppy session as markets struggled to sustain a rebound from earlier in the day. What to watch today:If you go by the SPI futures, our local market is set to open 0.36% higher. Economic news wise, S&P Global Manufacturing and Services Flash PMI for June will be released. This is a forward-looking estimate of the Purchasing Manager's Index, exemplifying economic trends in the manufacturing and services sectors.In commodities:Oil prices came under pressure as investors worry that rate hikes by the US Fed could push the US economy into a recession, therefore dampening demand for fuel. The gold price pushed higher given these renewed fears of a recession – therefore boosting the safe-haven's appeal. The spot iron ore price is currently trading at US$117 a tonne, that's down 20% from its previous highs in early June. So keep watch of iron ore miners like BHP Group (ASX:BHP) and Fortescue Metals (ASX:FMG). Leo Lithium will be debuting on the ASX today. It will be trading under the ticker code LLL.Trading Ideas:Citi have maintained its Buy rating on BHP Group (ASX:BHP) with a price target of $50. At BHP's current share price of $41.03, this implies 22% share price growth in a year. Trading Central has a bearish signal on Aurizon Holdings (ASX:AZJ) indicating that the stock price may fall from the close of $3.75 to the range of $3.33 - $3.41 in the next 28 days according to standard principals of technical analysis.  

Between the Bells
Weekly Wrap 3 June

Between the Bells

Play Episode Listen Later Jun 2, 2022 4:21


The Aussie share market fell slightly this week, down 0.1% (Mon-Thu), with utilities, tech and financials coming under pressure.In this week's wrap, Sophia covers:(0:10) Lithium stocks falling deep in the red(2:02) Why a2 Milk Company (ASX:A2M) gained 9%(2:55) Catapult Group (ASX:CAT) declining after disappointing results(3:20) The most traded stocks & ETFs by Bell Direct clients(3:50) Two economic news item to watch out for

Between the Bells
Morning Bell 1 June

Between the Bells

Play Episode Listen Later May 31, 2022 4:20


The local market fell into the red yesterday as the financials and technology sectors weighed down on the market, after hawkish comments from the US Fed, that moved US yields higher. Also weighing down on the market was the European Union's decision to pursue the ban on Russian oil. This has been in discussion for a while now and yesterday the EU agreed to a partial oil embargo on Russia over the invasion of Ukraine. This aims to cut 90% of Russia's crude imports by the end of the year and aims to reduce Russia's income to finance the war it launched on Ukraine three months ago. The ASX200 closed 1% lower yesterday will all sectors in the red. Zip (ASX:ASX:ZIP), EML Payments (ASX:EML), Megaport (ASX:MP1), Tyro Payments (ASX:TYR) and Suncorp Group (ASX:SUN) declined the most yesterday. Suncorp was also downgraded yesterday by Morgan Stanley, who now rate SUN as Underweight. As for the best performers, Beach Energy (ASX:BPT), De Grey Mining (ASX:DEG) and Whitehaven Coal (ASX:WHC) fought against the market sell-off.    The most traded stocks by Bell Direct clients yesterday were Lake Resources (ASX:LKE), Scentre Group (ASX:SCG) and the BetaShares Geared Australian Equity Hedge Fund (ASX:GEAR). Over in the US, all three major benchmarks closed lower. The Dow Jones down 0.7%, the S&P500 down 0.6% and the Nasdaq down 0.4%. What to watch today:The decline is set to continue today. Locally, the SPI futures are suggesting the Australian market will fall 0.36% at the open this morning. In commodities, the oil price is trading lower. OPEC is considering suspending Russia's participation in the cartel, and this could make room for other producers. And as mentioned earlier, the EU has agreed to ban 90% of Russian crude by the end of this year. This embargo will cover Russian oil brought in by sea, while keeping a temporary exemption for pipeline crude, to meet the demand of Hungary, Slovakia and the Czech Republic. The gold price is also trading lower, weighed down by a rebound in the US dollar and firmer US Treasury yields. And iron ore is higher with better demand prospects in the market. In economic data, at 11:30am AEST the GDP Growth Rate for Q1 will be announced. Keep watch of Western Areas (ASX:WSA), as today there'll vote on the company's nickel-lithium merger with IGO. Sezzle (ASX:SZL) will hold its AGM today. United Malt Group (ASX:UMG) goes ex-dividend today. Also watch Nordic Nickel Limited (ASX:NNL), which lists on the ASX today. Trading Ideas:Bell Potter maintain a Speculative Buy rating on De Grey Mining (ASX:DEG), after the company released an updated Mineral Resource for its 100%-owned Mallina Gold Project in Western Australia. They have increased their valuation on DEG by 5% to $1.80. And at its current share price of $1.13, this implies 59% share price growth in a year. Trading Central have identified a bullish signal in Strandline Resources (ASX:STA), indicating that the stock price may rise from the close of $0.37 to the range of $0.44 – to $0.46 over 22 days, according to the standard principles of technical analysis. 

Between the Bells
Morning Bell 18 May

Between the Bells

Play Episode Listen Later May 17, 2022 4:39


The local market yesterday closed with a gain of 0.27%. Energy stocks lead the ASX200, up more than 2% at the close, as oil prices rallied in response to Shanghai's reopening, and as investors await developments around a proposed EU ban on Russian oil. Utilities and materials also closed in positive territory, as did the financials, with the major banks all higher.The 10 best performing stocks on the ASX200 yesterday included energy stocks like Beach Energy (ASX:BPT) and Whitehaven Coal (ASX:WHC), both gaining around 6%. The best performer yesterday was Lynas Rare Earths (ASX:LYC), its share price seeing some recovery this week, after last week falling to a year-to-date low of $8.37, however is now trading at $9.42. This was despite no news from the company that would be price sensitive. However, yesterday the materials index closed just over 1% higher, which boosted LYC's share price. Meanwhile, logistics company, Brambles (ASX:BXB), was the worst performing stock on Tuesday after confirming they'll not be moving forward with the proposal from private equity company CVC Capital Partners, which sent BXB's shares into reverse. Shareholders took their profits as BXB fell 8% yesterday.The most traded stocks by Bell Direct clients yesterday included Whitehaven Coal (ASX:WHC), Lynas Rare Earths (ASX:LYC), Lake Resources (ASX:LKE), BHP Group (ASX:BHP) and Westpac (ASX:WBC).It was a strong trading session in New York overnight, as US equities were in positive territory. The Dow Jones up 1.3%, the S&P500 up 2% and the Nasdaq rallying 2.8%.What to watch today:Following US equities, the ASX200 is set to rise, with the SPI futures suggesting the market will lift 0.98% at the open this morning.In commodities, oil is currently trading flat. There are hopes that Venezuela could supply more oil to the market, after the US extended a limited license for Chevron, which is an oil company that operates in Venezuela, allowing them to maintain operations. There have also been negotiations for future business, temporarily lifting a ban on such discussions. Additionally, a pullback in the US dollar supported bullion demand, but the gold price is slightly lower, while seaborne iron ore is also trading in the red.In economic data, today the wage price index for the first quarter will be released at 11:30am AEST, expected to rise to 2.5% year-over-year from 2.3% in Q4 2021.Watch Eagers Automotive (ASX:APE) and Telix Pharmaceuticals (ASX:TLX) as both companies will hold their AGMs today.Watch Aurora Energy Metals (ASX:1AE) as it lists on the ASX today.Trading Ideas:Bell Potter maintain their Buy rating on Pendal Group (ASX:PDL), following a strong set of H1 results that were ahead of Bell Potter's expectations. Bell Potter have increased their FY22 estimates due to the strong revenue and lower costs and have increased their price target to $6.80. PDL last closed at $5.08, implying 35.8% share price growth in a year.Trading Central have identified a bullish signal in Emerald Resources (ASX:EMR), indicating that the stock price may rise from the close of $1.12 to the range of $1.33 to $1.39 over 20 days, according to the standard principles of technical analysis.

The COB from ausbiz
It's a crude reality

The COB from ausbiz

Play Episode Listen Later Mar 7, 2022 10:47


All roads led back to the commodities space today as Brent crude topped US$130 a barrel and never looked back. The crude surge took every other commodity along with it - from wheat to iron ore to nickel. Energy stocks were among the outperformers today. Woodside finished the session up more than 8.5% while Beach Energy knocked on the door of 6% gains at one point. Gold stocks also performed well as investors sought safe havens - Northern Star and Gold Road both finishing up 5%+. In contrast, risk off means a big tech selloff. Block finished the day down 10%+ while EML Payments lost 5%+. Travel stocks also fared poorly and healthcare stocks slumped, largely due to CSL trading ex-dividend. The selloff extended regionally and European/US futures look ominous for the session ahead, as the fighting in Ukraine continues.Our top three VODs: Morgans' four commodity stock picksBe on alert for contagionEight stock picks as commodities dethrone Bitcoin for trend heaven See acast.com/privacy for privacy and opt-out information.

The COB from ausbiz
Quality holds in custard market

The COB from ausbiz

Play Episode Listen Later Feb 15, 2022 12:36


In a sea of geopolitical doom, upbeat company reports acted as a shining light. Strong reports from Sims and Seek, as well as a record dividend from BHP, saw those three companies hit the top five with a bullet. BHP's share price failed to maintain momentum as iron ore futures tanked. Brambles responded to media speculation it's in talks with private equity giant KKR just before the close, but its denial was not enough to dampen enthusiasm about M&A with shares closing up 7%. At the bottom of the ladder was Beach Energy, which erased yesterday's gains after a downgrade from Macquarie. While quality companies held their own, it wasn't enough to save the broader market and the S&P/ASX200 closed down 37 points or -0.5%.Our top three VODs: Iron ore remains the cornerstone of BHP's successWhat Steve needs to hear from Adore Beauty before topping upChris ranks the banks from best to worst | the trade See acast.com/privacy for privacy and opt-out information.

Between the Bells
Morning Bell 15 February

Between the Bells

Play Episode Listen Later Feb 14, 2022 5:05


Yesterday, the Aussie share market managed to claw back some of its losses from Friday, gaining 0.37%. Leading the gains were oil and gold stocks, following escalating fears of a Russian invasion of Ukraine. Looking at the sector performances, only six out of 11 sectors closed higher. The energy sector gained the most, up over 3%, while the healthcare sector declined 1.4%.  Gold miners dominated the leaderboard, including Regis Resources (ASX:RRL), Evolution Mining (ASX:EVN), and Northern Star Resources (ASX:NST). The best performing stock on the ASX200 was Beach Energy (ASX:BPT), up an impressive 9.4%, after the company reported a solid first-half result, which included a 26% increase in EBITDA to $513 million. Meanwhile, the worst performing stocks were NOVONIX (ASX:NVX), Imugene (ASX:IMU) and Liontown Resources (ASX:LTR), all falling over 7%. The most traded stock by Bell Direct clients yesterday was JB Hi-Fi (ASX:JBH). The company released strong half-results yesterday, and announced a $250m share buyback, which sent its share price up 5.4%. Bell Potter maintain their HOLD rating on the stock but have increased its price target to $51.85, from $49.60.In the US, all three benchmarks closed lower, as investors evaluate concerns about the Fed's next plan for interest rate hikes, as well as the tensions between Russia and Ukraine. And earnings results are expected to ramp up again this week, with Nvidia, Walmart, Shopify and more scheduled to report.Following the negative session on Wall Street, the futures are suggesting the Aussie share market will open 0.9% lower this morning. What to watch today:In economic news, the RBA will release its meeting minutes for February. The RBA is currently relatively dovish on rate hikes as local inflation is not as out of control as in the other major economies. Reporting season: It's a big week of results and today, the biggest company on the ASX, BHP Group (ASX:BHP) will release its half-year results. Stay tuned for our separate video where we'll take you through the highlights. Some other companies reporting today include Ansell (ASX:ANN), Dexus (ASX:DXS), Sims (ASX:SGM), Adore Beauty (ASX:ABY), Elmo Software (ASX:ELO) and Seek (ASX:SEK).Computershare (ASX:CPU) is set to go ex-dividend today. In commodities, the oil price hit 7-year highs, boosted by Russia and Ukraine's tensions. The oil price is currently trading at about US$95 a barrel. And in a similar tale, the gold price also gained and is trading about 0.6% higher to US$1,872 an ounce. The lithium, palladium and silver price are all trading higher, while the seaborne iron ore price is trading 0.5% lower to US$150 a tonne. Trading Ideas:Bell Potter have maintained its BUY recommendation on Mineral Resources (ASX:MIN) and have increased its price target by a modest 20% to $61.35. Bell Potter believe MIN's recent financial results were significantly impacted by the large decline in realised iron ore prices, however highlighted that the business made strong progress in the quarter towards its strategic goals, including expanding its iron ore export capacity, evolving its iron ore business to a low-cost base that will make it resilient to low iron ore price environments, and lastly, MIN's ability to capture the downstream margins in its lithium business. As for other broker's ratings on MIN, Macquarie have an Outperform rating with a $70 price target, while Ord Minnett have a SELL rating and $45 price target. Trading Central has a bullish signal on Westgold Resources (ASX:WGX). This signal indicates that the stock price may rise from the close of $2.03 to the range of $2.29 -$2.35 in the next 40 days, according to standard principles of technical analysis. 

Fear and Greed
Crown $10b deal, unvaccinated 34x at risk, Aussie Post mega bonuses

Fear and Greed

Play Episode Listen Later Feb 14, 2022 16:00


Tuesday 15 February 2022  Crown set to be sold to a private equity giant Blackstone in a $10 billion deal Also today:  Unvaccinated people 34 times more likely to end up in intensive care Australia Post's $170k bonuses Plenty of profit results from JB HiFi, Beach Energy, carsales.com and more Support the show: https://fearandgreed.com.au/all-episodes See omnystudio.com/listener for privacy information.

The COB from ausbiz

Tennis anyone? Markets are like watching a tennis match - US stocks again pivoted in the last hour of trade, while our market popped higher at the open only to sink into a technical correction. Tech stocks bore the brunt of an aggressive US Fed overnight, down over 5% and taking year to date losses to near 20%. Aussie goldies were also caught in the crossfire. Financials opened in the green, then closed over 1% lower (a broker upgrade saved ANZ). Resources were up 2-3% before even green energy darlings succumbed to the sell button. The winners were energy-related as oil reached US$90, top performers were Beach Energy, Santos and South32. Premier Investment's update revealed blockbuster sales, and it closed 2.5% higher to defy the gloom. By the end of the session, the S&P/ASX200 lost 123 points or -1.8%. For comprehensive coverage of the Federal Reserve meeting and what it means for you, watch today's episode of the big picture.Our top three VODs: Three safe harbour ETFs to weather market volatilityFour Australian companies ripe for buybacks: Allan GrayAlcidion | Life 360 | Niv's picks for 2022 See acast.com/privacy for privacy and opt-out information.

Between the Bells
Morning Bell 18 January

Between the Bells

Play Episode Listen Later Jan 17, 2022 5:47


Yesterday, the Aussie share market pushed 0.3% higher, supported by both the consumer discretionary and energy sectors. All eyes were on China, as we found out that China's economy grew 4% in the fourth quarter from a year earlier, faster than expected but its weakest expansion in one and a half years. The consumer discretionary sector advanced the most, led by Wesfarmer's gain following its trading update before the market opened. The group's performance for the half was supported by pleasing results in Bunnings and Wesfarmers Chemicals, Energy & Fertilisers, while results in Kmart Group and Officeworks were impacted by COVID-related disruptions and costs. The worst performing sector was the materials sector, and we saw mining giants BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) come under pressure, down 1.14% and 0.52% respectively.  Looking at the ASX200 stock leaderboard, two of Australia's best-known fund managers were among the day's top performers, Pendal Group (ASX:PDL) and Magellan Financial Group (ASX:MFG). Pendal Group led the way, up 7.8% following a statement that its chairman, James Evans would step down. Remember however, that last Friday Pendal fell 15.8% after a dip in funds under management. The second-best performer was Adbri (ASX:ABC), up 7.2% after announcing an extension of its lime supply contract with Alcoa. Meanwhile, Perseus Mining (ASX:PRU), Paladin Energy (ASX:PDN) and Liontown Resources (ASX:LTR) were down the most.  The most traded stocks by Bell Direct clients yesterday included Liontown Resources (ASX:LTR), Telstra (ASX:TLS) and BrainChip (ASX:BRN). Beach Energy (ASX:BPT) lifted 3.9%, trading at levels not seen since October last year, supported by the oil price surging higher recently. The US market was closed on Monday for the Martin Luther King Junior holiday. In Europe, stocks closed higher on Monday as investors digested a string of corporate news and the latest growth data out of China. Credit Suisse was involved in a scandal whereby its chairman resigned after breaking COVID quarantine rules. Overall, we saw the German DAX close 0.32% higher, the FTSE up 0.91% and the STOXX600 rise 0.7%.For today, in line with the positive session across the sea in Europe, the futures are suggesting the Aussie share market will open 0.30% higher. What to watch today:Rio Tinto (ASX:RIO) has just released its fourth quarter update. Its Chief Executive said despite the operating conditions remaining challenging in 2021, due to COVID-19 disruptions, the business continued to experience strong demand for its products and continued to progress several of its projects. Now Goldman Sachs expected iron ore shipments of 88.9Mt and 133kt of mined copper for the quarter. Rio has announced results that fall short of these expectations. Iron ore shipments of 84.1Mt and 132kt of mined copper. So keep watch of the stock, as it may come under pressure after falling short of these expectations. Other companies releasing their fourth quarter results today include: Galaxy Resources (ASX:GXY) and Orocobre's merger, Allkem (ASX:AKE), and petroleum company, Ampol (ASX:ALD).Oil prices edged higher as investors bet that supply will remain tight despite restrained output by major producers. The WTI crude oil price is currently up 0.54% to US$84.27 a barrel, that's a 7-year high. The gold price held steady at US$1,818 per ounce. And the seaborne iron ore price is trading 1.25% lower, at US$126 a tonne.Trading Ideas: Firstly, Bell Potter have maintained their BUY recommendation on City Chic Collective (ASX:CCX). The retail clothing company recently released its preliminary unaudited first half 2022 results and two of the key highlights included: (1) strong first half 2022 results that were ahead of Bell Potter's expectations, driven by strong growth in the US and robust sales in 

Between the Bells
Morning Bell 25 November

Between the Bells

Play Episode Listen Later Nov 24, 2021 4:49


The ASX200 closed 0.15% lower yesterday, however, is still tracking 1% higher for the month of November. Energy stocks led the gains, benefiting from a firmer crude oil price. Utilities advanced nearly 1% and both the Real Estate and Healthcare sectors managed to post small gains. The rest of the market closed in the red, with the Tech sector down the most, as bond yields climbed. The top stocks of the day included Energy stocks like Beach Energy (ASX:BPT), Santos (ASX:STO) and Woodside Petroleum (ASX:WPL). Lendlease Group (ASX:LLC) rose 3.2%, as the company is in discussions with Google to potentially develop data centres. And leading the declines was TechnologyOne (ASX:TNE). Its share price has continued to slide since the release of its full year results on Tuesday. The most traded stocks by Bell Direct clients yesterday included AVZ Minerals (ASX:AVZ), Commonwealth Bank (ASX:CBA) and Westpac (ASX:WBC), while both Vanguard's Australian Shares ETF (ASX:VAS) and International Shares ETF (ASX:VGS) made the top ten.In the US, the Dow closed slightly lower, while the S&P500 and Nasdaq managed to post gains, as the recent jump in bond yields cooled down. This morning, the futures are suggesting the Aussie share market will open slightly higher this morning, up 0.12%What to watch today:In economic data, Private Capital Expenditure for Q3 will be released this morning. This measures the change in the total inflation-adjusted value of new capital expenditures made by private businesses. Oil prices steadied as investors questioned Biden's strategic oil stockpile release. The crude oil price is currently trading at US$78.28. The gold price came under pressure following the release of strong US economic data, which appears to be supporting an increase in interest rates. And the spot iron ore price was up 2% to US$92.50 a tonne, while the seaborne iron ore price trades higher at US$94.33Fisher & Paykel Healthcare (ASX:FPH) released their half year results this morning. Compared to the same period last year, NPAT was down 2%, operating revenue was also down 1%, while its interim dividend was increased by 6% to 17cps. IOOF Holdings (ASX:IFL), Evolution Mining (ASX:EVN), NRW Holdings (ASX:NWH) Regis Resources (ASX:RRL), Kogan (ASX:KGN) and Ramelius Resources (ASX:RMS) will hold their AGM today.Nufarm (ASX:NUF) and Australian Vintage (ASX:AVG) are set to go ex-dividend today.Trading Ideas: Bell Potter have maintained their BUY rating on funeral business, Propel Funeral Partners (ASX:PFP) and have increased its price target to $5 (previously $4.90). PFP closed 3% higher yesterday to $4.44, which implies 12.7% share price growth in a year.Bullish charting signals have been identified in Strandline Resources (ASX:STA), Capricorn Metals (ASX:CMM) and OM Holdings (ASX:OMH), according to Trading Central. 

Between the Bells
Morning Bell 23 November

Between the Bells

Play Episode Listen Later Nov 22, 2021 4:33


The ASX200 started the week in the red, down 0.6% yesterday, with travel stocks coming under pressure and all four of the big banks closing between 1-2% lower.Nickel Mines (ASX:NIC) closed about 8% higher after it signed a memorandum of understanding with Shanghai Decent Investment as a framework for future development projects. The US market was mixed. The Dow managed to gain 0.05%, however both the S&P500 and Nasdaq came under pressure. Biden announced that he would renominate Jerome Powell to continue to lead the Federal Reserve, which saw bond yields rise and bank stocks gain, while tech stocks lost strength. After a mixed session on Wall Street, the futures are suggesting the Aussie share market will open slightly lower this morning, down 0.16%.What to watch today:Building Permits for October will be released today, which essentially shows the monthly change in the number of total dwelling units approved, including building activity carried out on existing buildings.Oil prices rose on Monday but continue to remain under pressure given rising COVID-19    cases in Europe. While the gold price fell over 2% as the US dollar firmed and off the back of Powell's renomination.Watch BHP Group (ASX:BHP) and Woodside Petroleum (ASX:WPL) following WPL's $40 billion deal to absorb BHP's petroleum assets via an all stock merger was finalised by both companies' boards yesterday. TechnologyOne (ASX:TNE) is set to release its full year results today. AGMs today include Brickworks (ASX:BKW), Mayne Pharma (ASX:MYX), Monadelphous Group (ASX:MND), Link Administration Holdings (ASX:LNK) and Pro Medicus (ASX:PME).Amcor (ASX:AMC) is set to go ex-dividend today.Trading ideas:Bell Potter have maintained their BUY rating on mineral drilling contractor, DDH1 (ASX:DDH) and have increased its price target to $1.52 (previously $1.48). DDH closed 1.3% higher yesterday, which implies 29% share price growth in a year.Bullish charting signals have been identified in Silex Systems (ASX:SLX), People Infrastructure (ASX:PPE) and Lake Resources (ASX:LKE) and that's according to Trading Central. 

The COB from ausbiz
COVID crashes travel stocks

The COB from ausbiz

Play Episode Listen Later Nov 22, 2021 8:23


Resurgent COVID 'winter wave' fears thumped travel stocks, with Qantas and Flight Centre slumping to two-month lows. Aussie energy producers - Santos, Woodside, Oil Search and Beach Energy - had a rough start to the week as well. The energy complex closing down -1.6%. Elsewhere, banks are still struggling as investors re-assess the outlook in the wake of less than stellar updates from Westpac and Commonwealth Bank, with financials closing down -1.4%. Two bright spots were lithium and iron ore, the iron ore majors rare outperformers today after a tough few months. Usually, trading volumes ease as US thoughts turn to turkey, but the Fed Chair big reveal could keep eyes on screens for longer. Overall, the ASX200 closed down 43 points or -0.6%. See acast.com/privacy for privacy and opt-out information.

Robert McLean's Podcast
Quick Climate Links: Electric vehicles; uninhabitable in 50 years; capitalism trumps policy; blind spot; conflict and fragility

Robert McLean's Podcast

Play Episode Listen Later Nov 11, 2021 6:42


Australian PM, Scott Morrison (pictured) Is urging us to take more of the medicine that made the world ill in the first place, "Can do capitalism", and again pointing his finger, has declared that what Australians don't need, or want more of, is people such as himself telling them what to do - he wants the government off our backs. And while the Australian Government is effectively doing nothing about trying to head off climate change, some such as PNG's Climate Change Minister, Wera Mori, is pleading for Australia to act more like a genuine global citizen and do more to lower its emissions. We are also getting the same message from Tuvalu via an address given to the Glasgow COP26 by a speaker up to his knees in the ocean, a rising ocean. More Quick Climate Links for today are: "Will Australia's intransigence on climate damage our trade relationships?"; "Tuvalu could be uninhabitable in 50 years due to climate change"; "PM trying to turn climate change into a "practical challenge" - Politics with Peter Van Onselen"; "What is the Global Stocktake?"; "Reporter's notebook: From the climate front lines to COP26, the gap is wide between talk and reality"; "Scott Morrison says ‘can-do capitalism' will solve climate change"; "Capitalism trumps policy on climate: PM"; "Scott Morrison brings ‘can-do capitalism' to Melbourne"; "Countries, cities, carmakers commit to end fossil-fuel vehicles by 2040"; "Glasgow's 2030 credibility gap: net zero's lip service to climate action"; "Three decisions governments must make to solve the nature and climate emergencies"; "Climate adaptation finance has a blind spot on conflict and fragility"; "Signify calls on leaders to accelerate the transition to smart LED lighting at Cop26"; "COP26 Draft Calls for More Action to Tighten Climate Goals"; "Green Markets Put World's Poor at Mercy of Higher Funding Costs"; "Scott Morrison could restore Australia's climate reputation as a lifter rather than a leaner with five steps"; "Electric vehicles are too big an opportunity to miss. Here's what Australia should be doing"; "Addicted to privatisation, addicted to failure"; "Using water wisely, Barnaby? Or another dicey deal in the pipeline?"; "Strong policies 'missing' on transport decarbonisation"; "Looting By Other Means"; "‘Can-do capitalism': Morrison's fresh pitch on emissions"; "Climate summit wants nations to return next year with tougher 2030 targets"; "Morrison backs climate capitalism as Albanese warns voters over ‘nonsense' on mandates"; "Travelling to Europe could ‘cost $800 more' to meet net-zero targets"; "Too hot for ceremony: climate is fast changing for First Peoples and it's not our ‘Australian way'"; "Lotus Type 132 electric SUV teased"; "Rivian going public tonight, could be valued above BMW, Hyundai, Kia, and Ferrari"; "Investors pushed mining giants to quit coal. Now it's backfiring"; "Electric vehicles can't fix the problem of cars"; "US won't sign up to British push to ban new petrol cars by 2035"; "What Happened at COP26 on Wednesday: China and U.S. Say They'll ‘Enhance' Climate Ambition"; "Nine charts that show why the US needs to tackle food emissions"; "The US-China climate pact gives Glasgow summit momentum for hope"; "Australia among nations trying to soften COP26 declaration"; "‘Existential crisis': United States and China stun COP26 with joint climate change pact"; "How ambition for a small country's survival helped reshape the COP agenda"; "Macron boosts nuclear power plans to meet France's net-zero ambitions"; "Beach Energy faces heat over shock CEO exit, fossil fuels' future"; "Net-zero vow fails to ‘shift the dial' as renewables investment stalls". Enjoy "Music for a Warming World".   Support the show: https://www.patreon.com/climateconversations

Between the Bells
Morning Bell 20 October

Between the Bells

Play Episode Listen Later Oct 19, 2021 6:47


US stocks travelled higher overnight, boosted by stronger than expected earnings. This morning, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.7%. What to watch today: In company news, Atlas Arteria (ASX:ALX) reported a 9.7% jump in toll revenue in the quarter, as traffic is picking up. Gold stocks to watch include Evolution Mining (ASX:EVN) which reported higher than expected production in the quarter and OZ Minerals (ASX:OZL) which announced copper production is tracking in line with guidance, while it expected gold production to increase. The copper price is also trading at a record all-time high. Flight Centre (ASX:FLT) is set to hold its AGM today. The oil price hit a new 7-year high overnight at US$83, after rising 0.7% overnight and 30% in two months. Watch Australis Oil & Gas (ASX:ATS) and Global Energy Ventures (ASX:GEV). Also watch this week's best performing energy stocks, including Beach Energy (ASX:BPT) which is up 3.5% and Whitehaven Coal (ASX:WHC) which is up approximately 2%. Trading Ideas: The owner of Autobarn, Midas and Burson Autoparts, Bapcor (ASX:BAP) was reiterated as a Citi BUY stock with an increased 12-month target price of $8.75, implying 14% share price growth from yesterday's close.Bullish charting signals have been seen in Imugene (ASX:IMU), Lake Resources (ASX:LKE) and Nearmap (ASX:NEA), according to Trading Central.  

The COB from ausbiz
The S&P/ASX200 closed up sharply Thursday, gaining 136 points or 1.9% to 7,332

The COB from ausbiz

Play Episode Listen Later Sep 30, 2021 9:11


The S&P/ASX200 closed up sharply Thursday, gaining 136 points or 1.9% to 7,332. It was the market's best intraday performance in around six months, a day after setting a new 50-day low and despite mixed lead-ins and lingering global uncertainty. Iron ore futures popped in Singapore - up 11% at one stage - with all the majors following - BHP Group (BHP) and Rio Tinto (RIO) both around 3% higher. Fortescue Minerals took some late buying to finish 0.1% higher, after a fatality at it's Solomon project shuttered the mine. Explosives maker Orica (ORI) jumped 15% on some positive guidance overnight, Beach Energy the next best climbing 8%. Day two of Pinnacle Investment (PNI) watch, the fund manager still least among unequals with no clear reason, but only down 3.5% today.Our top three VODs: Three stocks to pick up in this low interest rate environmentSSGM: US earnings mostly inflation proofThree ETFs to take advantage of rising inflation, energy prices and bond yields See acast.com/privacy for privacy and opt-out information.

Between the Bells
Morning Bell 29 September

Between the Bells

Play Episode Listen Later Sep 28, 2021 4:40


The US 10-year bond yield continued to climb overnight, hitting 1.5%, its highest level since June. As a result, an interest rate sell off was reignited. The Aussie share market is set to open lower, with the futures suggesting a fall of 1.1%. What to watch today: Keep an eye on retail stocks, after data released yesterday saw retail sales in August fell 1.7%. In addition, the Federal Government announced it will stop the $750 per week payments, once the country reaches 80% double dose vaccinations. Also keep a look out for long-term potential buying opportunities in clean energy and lithium stocks, as the NSW Government has committed to reducing emissions by 50% by 2030. The oil price fell 0.2% overnight to US$75.29, nearing October 2018 levels, amid restricted supply. Meanwhile, the coal price rose to a brand new record high overnight, taking its monthly gain to 20%. This is again amid tighter supply as China cut back on coal production in a bid to be carbon neutral by 2060. There are over 40 listed stocks and ETFs going ex-dividend today, transferring dividend rights to shareholders, which often causes shares to fall amid profit taking. Companies going ex-dividend today include: TPG Telcom (ASX:TPG), Centuria Industrial REIT (ASX:CIP), and Charter Hall (ASX:CLW), as well as ETFs including the ASX200 ETF (ASX:STW) and fixed income ETFs Australian Bond (ASX:BOND) and Australian Government Bond (ASX:GOVT). Trading Ideas: Bell Potter have increased its price target on oil producer Beach Energy, (ASX:BPT) from $1.60 to $1.62, implying 19% share price growth in a year. Yesterday BPT upgraded its production by 13%, and Bell Potter believes the company has a strong, fully funded energy production growth outlook, while production growth is diversified across five energy basins and four separate gas markets, including global LNG trade. Bullish charting signals have been seen in Aeris Resources (ASX:AIS), Gale Pacific (ASX:GAP), and Ambertech (ASX:AMO), according to Trading Central

Between the Bells
Morning Bell 28 September

Between the Bells

Play Episode Listen Later Sep 27, 2021 5:00


The Aussie share market is set to open lower, with the futures suggesting a fall of 0.6%.What to watch today:The oil price rose for the fifth day, up 1.5% overnight to US$75.45, its highest level since July, amid supply concerns. Oil stocks will be on watch today.The iron ore price in China rebounded 7.2% to US$119.31, supporting New York listed BHP and Rio Tinto, which rose 1% overnight. Expect ASX listed versions and other iron ore stocks to do well today.Lithium stocks will also be on the radar today after Ford announced it's going to spend $11.4 billion on creating two new lithium-ion battery plants, that will produce electric vehicles and batteries. The plants are to be built in Kentucky and Tennessee. Ford is building the twin lithium battery plants though a joint venture with South-Korean based SK Innovation.In corporate news, Beach Energy (ASX:BPT) provided an investor update, announcing it will increase production to 28 million barrels of oil equivalent by financial year 2024. That's a 13% compound annual growth rate. In addition, Beach Energy affirmed it's on track to cut its carbon emissions by 25% from 2018 to 2025, with plans to be net zero emissions by 2050In economic news, retail sales data for August is set to be released today at 11.30am. Sales fell 2.7% and are expected to fall again. Keep an eye on retailers, especially those impacted by import bottlenecks like Accent (ASX:AX1).Trading Ideas:UBS has a BUY rating on fertilizer business Incitect Pivot (ASX:IPL) and has increased IPL's price target to $2.15.Bullish charting signals have been seen in Carnarvon (ASX:CVN), Kalium Lakes (ASX:KLL), and Starpharma (ASX:SPL) according to Trading Central

Between the Bells
Weekly Wrap 24 September

Between the Bells

Play Episode Listen Later Sep 24, 2021 7:17


US and Aussie equities fell for the third straight week, rebounding slightly over the last few sessions, as China's biggest property developer coughed up its repayments. Additionally, US and Australian central banks have affirmed economic stimulus will be tapered next year.In this week's wrap, Jessica covers: - (0:42) What's in store for interest rates- (2:02) AusNet Services (ASX:AST) rising 30% amid takeover fight- (2:25) Travel stocks reaping the benefits of increased vaccination rates & borders reopening- (2:52) Why iron ore stocks are rebounding- (6:07) Five stocks that Bell Direct clients are seeing value inWatch the Weekly Wrap in video here.

Between the Bells
Weekly Wrap 17 September

Between the Bells

Play Episode Listen Later Sep 17, 2021 7:32


The Oil price hit a 7-week high this week supporting the market, however Friday's losses in early trading confirms we're still on shaky ground. Plus, Uranium stocks are in the spotlight as Australia is set to build nuclear powered submarines.In this week's wrap, Jessica covers: - (0:33) Energy stocks charging as the Oil price jumps 5%- (1:37) Why the market is bracing for further volatility this month- (2:51) Pilbara Minerals (ASX:PLS) hitting an all-time high after selling lithium at a record price- (4:19) Four Uranium stocks to watch- (6:06) Four of the most traded stocks this week- (6:47) Economic announcements to be across next week

Between the Bells
Morning Bell 16 August

Between the Bells

Play Episode Listen Later Aug 15, 2021 5:30


The Aussie share market is set to open lower, with the futures suggesting a fall of 0.1% or 9 points.  What to watch today: So far this reporting season, 80% of companies that have released their results, have met or exceeded guidance. JB Hi-Fi (ASX:JBH) reporting NPAT growth of 67.4% to $506.1 million in the 2021 financial year, in line with expectations. GPT Group (ASX:GPT) reported net profit soared 246% to $760.5 million, beating expectations of $291.7 million profit growth. Also set to report today: Beach Energy (ASX:BPT) and Lendlease (ASX:LLC). BHP (ASX:BHP) will report tomorrow. The oil price is trading 0.4% lower at US$68.17 a barrel. The gold price is up 0.1% to US$1,780, and the iron ore price is slightly higher up 0.1% to US$167.95Economic news this week: Tomorrow, BRA meeting minutes will be released. Employment data is out on Thursday, with unemployment expected to rise to 5% from 4.9%.  Trading Ideas: Bell Potter upgraded its price target on Liontown Resources (ASX:LTR), from $0.61 to $1.33. Hazer Group (ASX:HZR), Silver Mines (ASX:SVL), and Duratec (ASX:DUR) are all giving off bullish charting signals, according to Trading Central. 

gold llc aussie employment oil unemployment gpt bra bhp lend lease ltr iron ore bpt asx200 lbh svl liontown resources beach energy morning bell npat bell potter
Between the Bells
Morning Bell 22 July

Between the Bells

Play Episode Listen Later Jul 21, 2021 5:33


This morning the futures are suggesting the Aussie share market will rise 0.9%. What to watch today: It's confirmed that Brisbane will host the Olympics in 2032. This means infrastructure will be built over the next 11 years to cater for the Olympic Games. Investors should watch engineering stocks such as Cimic (ASX:CIM) and Downer (ASX:DOW). Also watch construction stocks including Brickworks (ASX:BKW), Adelaide Brighton (ABC) and Boral (ASX:BLD). The oil price jumped 4% overnight, trading above US$70 – and likely to push higher.The iron ore price fell 0.5%, copper rose 0.4% and the coal price eased from its decade high, falling 1.3%. Trading Ideas: Beach Energy (ASX:BPT) was upgraded by Bell Potter with a new $1.85 price target, implying 52% share price growth in a year. BPT is a BUY stock for Bell Potter, Macquarie and Credit Suisse. James Hardie (ASX:JHX), Redbubble (ASX:RBL) and Coda Minerals (ASX:COD) are all giving off bullish charting signals, according to Trading Central.  

Between the Bells
Morning Bell 9 June

Between the Bells

Play Episode Listen Later Jun 8, 2021 4:40


Yesterday the Aussie share market hit a brand new record high, reaching 7,316 points. Today the Aussie share market is set to hit another all time high, with the futures suggesting the market will rise 0.14%. What to watch today: The tech sector is set to make a comeback. Watch WiseTech (ASX:WTC) and Appen (ASX:APX). Also watch cyber security stocks, including Rhipe (ASX:RHP), Tesserent (ASX:TNT) and Archtis (ASX:AR9). The oil price holds above US$70 a barrel, at its highest level in over two years. Trading Ideas: Within the energy sector, Bell Potter has Buy recommendations on Beach Energy (ASX:BPT), Byron Energy (ASX:BYE) and Cooper Energy (ASX:COE). UBS recommended oil stocks include Oil Search (ASX:OSH), Origin Energy (ASX:ORG), Santos (ASX:STO) and Woodside Petroleum (ASX:WPL). Tesserent (ASX:TNT), NEXTDC (ASX:NXT) and Kalium (ASX:KLL) are all giving off bullish charting signals according to Trading Central. 

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Between the Bells
Weekly Wrap 4 June

Between the Bells

Play Episode Listen Later Jun 4, 2021 5:58


After 15 months of regaining losses, this week the Aussie share market hit a historical high, largely thanks to better than expected economic news. With the tax time sell-off approaching, investors are scouting the market for new opportunities, so this week, we've done the heavy lifting for you...In this week's wrap, Jessica covers: (0:07) Flying high - the ASX200's great pickup(1:17) Why oil stocks accounted for 60% of the ASX200's top performers this week and what this means for investors(2:42) A top performer for the year: Codan (ASX:CDA)(3:57) Key economic news to be across next week(5:27) What's behind a2 Milk's (ASX:A2M) recent bounce back

Business News - WA
At Close of Business - 30-4-21

Business News - WA

Play Episode Listen Later Apr 30, 2021 15:36


In today's episode of At Close of Business, journalist Jordan Murray talks to journalist Matthew Mckenzie about last week's COVID lockdown, what went wrong and how the conservative side of politics has reacted, as well as the new electoral system review. Making headlines, lockdown restrictions lift, the state's peak business association calls for greater relief for businesses, and Beach Energy downgrades its full-year production and earnings targets.

The COB from ausbiz
The S&P/ASX200 fell 62 points or 0.88% on Friday coming well off its 52-week high, as investors cashed in their April chips for a crack at May.

The COB from ausbiz

Play Episode Listen Later Apr 30, 2021 11:40


The S&P/ASX200 fell 62 points or 0.88% on Friday coming well off its 52-week high, as investors cashed in their April chips for a crack at May. Still, t'was the best month since November, climbing 3.5%. On the GDIF front: Beach Energy crashing some 23.66% after realising it's running out of energy. Majority stakeholder Seven Group Holdings down 5% after realising its BPT's majority stakeholder. May the weekend be with you.Our top three VODs are:Further upside for commodities; two buys from Marcus TodaySean's sensational six stocks to buyThis is what NorthmanTrader is trading | the trade See acast.com/privacy for privacy and opt-out information.

Business News - WA
At Close of Business - 30-4-21

Business News - WA

Play Episode Listen Later Apr 30, 2021 15:36


In today's episode of At Close of Business, journalist Jordan Murray talks to journalist Matthew Mckenzie about last week's COVID lockdown, what went wrong and how the conservative side of politics has reacted, as well as the new electoral system review. Making headlines, lockdown restrictions lift, the state's peak business association calls for greater relief for businesses, and Beach Energy downgrades its full-year production and earnings targets.

covid-19 business jordan murray beach energy matthew mckenzie
Between the Bells
Morning Bell 27 January

Between the Bells

Play Episode Listen Later Jan 26, 2021 2:53


The Aussie share market looks set to open in the red this morning, down about 0.32%. This comes following Wall Street's struggle to find direction for three main reasons:1) Key earnings, 2) the Federal Reserve's policy meeting and 3) concerns about more US stimulus.COVID-19 cases have topped more than 100 million cases worldwide in just about 13 months as mutations add to the spread.What to watch today:NAB Business Confidence and Westpac leading index figures for December are both out at 11:30am.The oil price slid 0.3% to US$52.61 following COVID-19 cases continuing to rise globally, and amid reports of a blast in Saudi Arabia. Given this, keep an eye on energy producers like Beach Energy (ASX:BPT) and Santos (ASX:STO) today.The gold price softened on concerns over a fresh US COVID-19 aid package. The slightly weaker dollar limited losses. The gold price fell about 0.25% to US$1,850. So, keep an eye on Newcrest Mining (ASX:NCM) and Saracen Mineral (ASX:SAR).Local trading ideas:Leading mining services company, Mineral Resources (ASX:MIN) has a buy rating by Bell Potter, with an increased price target of 57% to $44.40 (previously $28.50). This comes as the strength of the iron ore price currently shows no sign of abating.Gold producer, Gold Road Resources (ASX:GOR) also has a buy rating by Bell Potter, with an increased price target of about 3% to $2. Bell Potter believes the company is back on track with a better fourth quarter 2020 expected.Race Oncology (ASX:RAC), Azure Minerals (ASX:AZS) and GDI Property Group (ASX:GDI) are all giving off bullish charting signals according to Trading Central.

Between the Bells
Morning Bell 14 January

Between the Bells

Play Episode Listen Later Jan 13, 2021 4:16


The ASX200 is eyeing a lift of 0.1% at the open following Wall Street closing mostly higher ahead of the US House impeaching President Donald Trump for a second time.What to watch today:Building permit numbers are out today with building approvals tipped to have risen 2.6% in November, following the 3.8% lift in October supported by the record low interest rate.Rio Tinto (ASX:RIO) inked a new electricity contract with NZ power supplier Meridian Energy (ASX:MEZ) to keep Rio's aluminium smelter operating until the end of 2024.Abacus Property Group (ASX:ABP) goes ex-dividend.Local trading ideas:Morgan Stanley upgraded footwear business Accent Group (ASX:AX1), increasing its price target to $2.60, noting sales momentum should continue but will likely normalise by FY22.Audinate (ASX:AD8) was reiterated as a UBS buy with an $8 price target.Beach Energy (ASX:BPT), Uniti Group (ASX:UWL) and BetMakers Technology Group (ASX:BET) are giving off strong bullish charting signals according to Trading Central.

Between the Bells
Morning Bell 12 January

Between the Bells

Play Episode Listen Later Jan 11, 2021 4:10


The ASX200 is eyeing a fall of 0.1% at the open as US stocks pulled back from their record highs.The Democrats are attempting to impeach US President Donald Trump, while Joe Biden is set to be inaugurated next week.All eyes on commodities:As the oil price holds 11-month highs on Saudi's output cut. Bell Potter's favourites are Beach Energy (ASX:BPT), Cooper Energy (ASX:COE) and Whitehaven Coal (ASX:WHC).The iron ore price holds 9-year highs at US$168, but its price pulled back 0.3% overnight.The gold price rose 0.6% overnight.The copper price fell 3%, its sharpest fall since October 1 last year.Local trading ideas:JP Morgan and Ord Monett upgraded Oil Search (ASX:OSH) to a buy from a hold.Citi upgraded Platinum Asset Management (ASX:PTM) from a sell to a hold.Citi downgraded Costa Group (ASX:CGC) from a buy to a hold.Telix Pharmaceuticals (ASX:TLX), IVE Group (ASX:IVE) and Bisalloy Steel (ASX:BIS) are all giving off strong bullish charting signals according to Trading Central.

Between the Bells
Weekly Wrap 18 December

Between the Bells

Play Episode Listen Later Dec 18, 2020 6:20


The market has gained 1% this year... not a bad result considering it experienced its quickest fall into a bear market in history. With the recovery now in full swing, and earnings upgrades coming through, there's plenty riding on a strong 2021 for the economy and share market.In this week's wrap, Jessica covers: - (0:17) A resilient Aussie share market- (0:42) How the Tech sector blew the market out of the water- (1:37) Three key trends among 2020's standout stocks- (3:29) How to approach buying oil stocks- (3:58) Where the market could go from here- (5:47) Bell Potter's top 14 stocks to watch

Between the Bells
Morning Bell 10 December

Between the Bells

Play Episode Listen Later Dec 9, 2020 2:40


The ASX200 is eyeing a fall of 0.4% at the open after rising for 7-straight days.Pfizer and BioNTech's vaccine continues to gain traction as Canada becomes the second country to approve the vaccine and will begin its rollout next week.The iron ore price is up 60% the year after gaining 0.9% overnight.Trading ideas:Tech-air traffic control company Adacel Technologies (ASX:ADA) was upgraded by Bell Potter, reiterating ADA as a buy with an increased $1.15 price target.Bell Potter upgraded JB Hi-Fi (ASX:JBH) from a sell to a hold with an increased $43.65 price target.Cann Group (ASX:CAN), RTG Mining (ASX:RTG) and Kogan.com (ASX:KGN) are all showing short-term bullish charting signals according to Trading Central.

Between the Bells
Weekly Wrap 13 November

Between the Bells

Play Episode Listen Later Nov 13, 2020 7:23


With several COVID-19 vaccines around the corner, the Aussie share market rose 3.7% this week (Mon-Thu). Better than expected business and economic confidence also helped fuel the charge. And given all eyes are on an economic recovery, portfolio positioning ticked up a notch.In this week's wrap, Jessica covers:(0:24) The three key drivers fuelling Aussie shares to 9-month highs(1:09) Sectors: Energy charging up 15% on the oil price rally(1:23) Unibail-Rodamco-Westfield (ASX:URW) rising 40%(2:22) Global trends: Key indices on the move(2:52) BetaShares vs. Morningstar - how these fund managers have changed their investments over the year

The COB from ausbiz
The ASX 200 climbed higher this afternoon, finishing up 1.9%, after the RBA announced a 15 basis point rate cut to a record low 0.1% and a $100 billion bond buying program.

The COB from ausbiz

Play Episode Listen Later Nov 3, 2020 12:07


The energy sector surged 5.3% due to a pop in crude prices and Beach Energy's (up 7.4%) purchase of Senex's Cooper Basin assets. Property (up 2.7%), gold (up 2.6%) and consumer discretionary (up 2.5%) were also strong gainers. So, strap yourselves in for tomorrow's US Election. We have a host of expert commentators joining us, in the US and locally, to analyse the results and what they mean for your investments. We're live from 8:30am AEDT. S&P futures are currently up around 0.5%. Our top three VODs today are:RBA cuts rate to record low 0.1% to get "the pedal to the metal"; $100b QE program announcedCredit Suisse: We're big on banks, supermarkets and commoditiesThe hidden story: US 10-year yields hit their highest in two years See acast.com/privacy for privacy and opt-out information.

Buy Hold Sell, by Livewire Markets
Buy Hold Sell: 5 Livewire reader requests

Buy Hold Sell, by Livewire Markets

Play Episode Listen Later Oct 15, 2020 5:49


With a growing army of investors hungry for knowledge and insights, we're getting more and more queries to cover specific stocks from fans of Livewire. In this episode of Buy Hold Sell, Matt Williams of Airlie Funds Management and Sean Fenton of Sage Capital dedicate their time to our readers and have a red-hot crack at five stocks you want an opinion about. They include 1) Wesfarmers - which Matt reckons operates the "best business in Australia"; 2) Beach Energy - whose revenues are holding up thanks to its solid contracts and net cash on the balance sheet; 3) CSL – a company that Sean believes will rebound and continue to grow strongly; 4) Coca-Cola Amatil – a consumer business that's seen deteriorating profitability, and 5) A2 Milk - a market darling until just recently. Visit Livewire Markets for the edited transcript, podcast and more great insights. Note: This video was recorded on 7 October 2020.

Between the Bells
Morning Bell 18 September

Between the Bells

Play Episode Listen Later Sep 17, 2020 4:24


The Aussie share market is eyeing a 0.3% gain at the open with the focus on Victorian COVID-19 cases declining. The Aussie share market has gained 0.4% so far this week, this puts the market on pace to close higher for the first time in 6 weeks.U.S. equities had their second straight negative session overnight, while stocks managed to end above their lows on Thursday. U.S. weekly job claims rose by 860,000 more than the expected 850,000, but the silver lining is that it's the third week now unemployment numbers have been under 1 million.Local trading ideas:Centuria Industrial REIT (ASX:CIP), Integrated Research (ASX:IRI) and NZME (ASX:NZM) are giving off bullish signals according to Trading Central's charting.Immutep (ASX:IMM), an immunotherapy business fighting metastatic cancer, was initiated as a Bell Potter speculative buy with a $0.60 target, implying 179% price growth in a year.Beach Energy (ASX:BPT) has been called out a high risk buy by Citi with a $1.94 target as its generating a higher level of cash than its peers and selling higher amounts of gas. Citi estimates BPT will generate $1.1 billion in free cash flow, which is worth $0.30 a share.

local investing trading aussie stocks nasdaq im m dow jones citi cip iri s&p500 stock tips bpt nzme asx200 victorian covid ausbiz integrated research beach energy morning bell bell potter
Between the Bells
Morning Bell 17 August

Between the Bells

Play Episode Listen Later Aug 16, 2020 3:12


The benchmark S&P/ASX200 looks set to start the week in the red with the futures suggesting a 0.95% drop at the open. This follows a reasonably underwhelming finish to the week on Wall Street, with stocks closing flat on Friday. The Gold price fell 1% to US$1,949.80 an ounce on Friday night, this led to the precious metal having its worst week in almost six months.What to watch this week:With the oil price falling, keep an eye on energy producers like Santos (ASX:STO) and Woodside Petroleum (ASX:WPL).Companies reporting this week:The companies reporting today include, WAAAX stock Altium (ASX:ALU), Bendigo & Adelaide Bank (ASX:BEN) and oil and gas production company Beach Energy (ASX:BPT).Consumer goods retailer JB Hi-Fi (ASX:JBH) will be releasing its full year results, its share price will be on watch today following the release. Goldman Sachs analysts expect the retailer to report sales of $8.03 billion, this is compared to its guidance of $7.86 billion. Other companies reporting this week, include BHP (ASX:BHP), Coles (ASX:COL) and Westpac (ASX:WBC) tomorrow. On Wednesday, look out for the second biggest company on the ASX, CSL (CSL) who reports, and on Thursday, Wesfarmers (ASX:WES) reports.Local trading ideas:On Friday, National Australia Bank (ASX:NAB) provided a limited 3Q 20 trading update. Bell Potter believes NAB has the foundations in place to cope with COVID-19. They forecast a final FY20 dividend of 20¢ and FY21 interim and final dividends of 40¢ each. Bell Potter's price target remains at $19.90 price target and their Buy rating also remains unchanged. Bell Potter has increased investment management company Praemium's (ASX:PPS) price target by 5% to 62 cents and maintains its Buy rating on the stock. Praemium reported last Friday. It's FY20 EBITDA of $14.2m exceeded Bell Potter's $13.8m estimate. Bell Potter believes PPS has delivered a good result in a difficult environment. Specifically, it is benefitting from increased investment in its Australian business. The company has gained scale and has a material merger with Powerwrap (ASX:PWL) if it is successful with its bid. 

Between the Bells
Morning Bell 6 August

Between the Bells

Play Episode Listen Later Aug 5, 2020 3:12


Aussie equities are eyeing a 0.5% lift at the open, following a positive session overnight. We saw U.S. stocks rise on the back of Disney revealing it has 100 million streaming subscribers and COVID-19 vaccine hopes. Medical device company, Johnson & Johnson have struck up a $1 billion deal with the U.S. government to manufacture 100 million doses of its COVID-19 vaccine candidate, if it proves successful. Following this news, its share price rose 0.8%. What to watch today: ResMed (ASX:RMD), they announced their fourth quarter fiscal 2020 earnings today. The highlights included a revenue increase of 9% to $770.3m and a net operating profit increase of 84% compared to the prior year period. The strong result is largely due to strong ventilator demand during the period.  Energy producers, like Beach Energy (ASX:BPT) and Woodside Petroleum (ASX:WPL) could push higher today following the lift in the oil price. Both stocks closed 0.7% lower yesterday. And with the gold price once again hitting a new record overnight, up 1.5% to US$2,053 an ounce, keep an eye on gold miners like Northern Star Resources (ASX:NST) and Saracen Mineral Holdings (ASX:SAR). Local trading ideas: Centuria Capital Group (ASX:CNI) is showing a bullish signal according to Trading Central's charting. Yesterday, Centuria closed 5.5% up at $1.83 and Trading Central believes the stock's share price may rise to between $1.89 - $1.93 in 24 days according to standard principles of technical analysis.Fortescue Metals Group (ASX:FMG), Bell Potter has lifted FMG's price target by 17% to $12.50, but have lowered their recommendation of the stock from a Hold to a Sell following strong share price appreciation. A near term catalyst for FMG includes the release of its FY20 financial results and declaration of its final FY20 dividend on the 24th of August. The stock goes ex-dividend likely in early September. 

Company updates
Company Updates: AGL Energy (ASX:AGL) & Beach Energy (ASX:BPT) - Max Vickerson, Analyst

Company updates

Play Episode Listen Later May 29, 2020 3:18


Morgans Energy Analyst Max Vickerson discusses the recent share price strength BPT and AGL and why investors might want to look for better buying opportunities on those stocks.

Company updates
Company Updates: Beach Energy (ASX:BPT) & Origin Energy (ASX:ORG) - Max Vickerson, Analyst

Company updates

Play Episode Listen Later May 15, 2020 4:19


Morgans energy analyst Max Vickerson discusses the impacts to his price targets for BPT and ORG from updates to his oil price assumptions.

Company updates
Company Update: Beach Energy (ASX:BPT) - Max Vickerson, Analyst

Company updates

Play Episode Listen Later Apr 22, 2020 2:18


Max Vickerson discusses the outlook for Beach Energy amidst falling oil prices and its decision to defer its Victorian drilling program.