1,224 episodes

Tune in to the Bell Direct 'Between the Bells' podcast, where we'll cover the latest economic news and updates, market movements and analysis. With daily updates, you can get the information you need to find your investing edge.Find Bell Direct here:Website: https://www.belldirect.com.au/smarter/Twitter: https://twitter.com/belldirectFacebook: https://www.facebook.com/BellDirectAustraliaLinkedIn: https://www.linkedin.com/company/bell-direct/Instagram: https://www.instagram.com/bell.direct/

Between the Bells Bell Direct

    • Business

Tune in to the Bell Direct 'Between the Bells' podcast, where we'll cover the latest economic news and updates, market movements and analysis. With daily updates, you can get the information you need to find your investing edge.Find Bell Direct here:Website: https://www.belldirect.com.au/smarter/Twitter: https://twitter.com/belldirectFacebook: https://www.facebook.com/BellDirectAustraliaLinkedIn: https://www.linkedin.com/company/bell-direct/Instagram: https://www.instagram.com/bell.direct/

    Morning Bell 19 April

    Morning Bell 19 April

    Wall St closed lower overnight as the S&P 500 fell for the fifth straight day, its longest losing streak since October. The Dow Jones gained 0.06%, the tech-heavy Nasdaq lost over half a percent and the S&P 500 lost 0.22%.
    Over in Europe, markets closed higher as investors speculate about the first interest rate cut by the European Central Bank. Germany’s DAX closed 0.38% higher, the French CAC closed 0.52% in the green and over in the UK, the FTSE100 ended the trading session up 0.37%.
    Locally yesterday, the ASX200 closed 0.48% higher with the majority of the sectors rallying. Gains were led by the information technology and materials sectors which gained 1.01% and 0.99% respectively. This was offset by the health sector which lost 0.47% by market close yesterday.
    What to watch today: 
    The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.72% at market open this morning.On the commodities front this morning,
     Oil is trading 0.64% lower at US$82.16 a barrel, following a surge in US oil inventories. Gold is trading 0.48% higher at US$2379 an ounce after financial chiefs in the US, Japan and Korea signalled a warning over depreciation in currencies. And iron ore is trading 1.16% higher at US$107.30 a tonne.Trading Ideas: 
    Bell Potter maintains a buy rating on APM Human Services International (ASX:APM) despite decreasing its 12-month price target to $1.40. The buy rating is maintained by Bell Potter following the APM board receiving an offer of $1.40 per share from MDP. Hence, the 12-month target price target reflects the offer from MDP, which is believed by Bell Potter, likely to proceed.And Trading Central has identified a bullish signal in Pointsbet Holdings (ASX:PBH), indicating that the stock price may rise from the close of $0.81 to the range of $0.88-$0.90, on a pattern formed over 24 days, according to the standard principles of technical analysis.

    • 2 min
    Morning Bell 18 April

    Morning Bell 18 April

    Wall St closed lower on Wednesday with the S&P500 posting its fourth consecutive losing session, as key technology names weighed on the market midweek. The Dow Jones fell 0.12% on Wednesday, the S&P500 lost 0.58% and the tech-heavy Nasdaq declined 1.15%. High growth stocks faced the biggest pressure on Wednesday as the Fed’s higher for longer consensus dampens growth runways for stocks of this nature. Investors in the US have been trimming the megacap names like Nvidia, Meta and Apple in favour of other market sectors that have attractive outlook over the coming months.
    United Airlines surged more than 17% on Wednesday after posting a smaller than expected loss and beating on revenue expectations.
    Over in Europe, markets in the region closed higher as retail stocks posted modest sales growth. The STOXX600 rose 0.2%, Germany’s DAX added 0.02%, the French CAC added 0.62%, and, in the UK, the FTSE rose 0.35%.
    Shares in luxury retailer LVMH group climbed as much as 5.2% during the session before easing gains at the closing bell after the company posted modest first quarter sales growth. UK inflation also eased more than expected in March to an annual rate of 3.2%, which was just 0.1% above economists expectations.
    Looking at the local index, the ASX200 extended its losing run, closing down 0.09% on Wednesday, taking strong lead from global markets on Tuesday amid concerns over sticky inflation and rising geopolitical tensions. Utilities stocks offset some of the losses by rallying 2.8% while healthcare, materials and energy stocks weighed on the key index.
    Evolution Mining jumped over 8% on Wednesday to a two-year high after reporting a 15% rise in gold output for March and the company affirmed its 2024 guidance.
    Mining giant Rio Tinto disappointed the market yesterday after reporting a drop in iron ore production and shipments in Q1.
    DroneShield also soared 17% yesterday after the defence tech company released a second significant announcement this week, outlining the company was awarded a contract with NATO’s Support and Procurement Agency for the first Counter-small UAS procurement framework agreement in NATO history. The initial agreement is for three years with extension options. This announcement follows DroneShield announcing a first-quarter update earlier in the week including record Q1 revenues of $16.4m, which is 10x the PCP.
    What to watch today: 
    Ahead of Thursday’s session on the ASX, the SPI futures are expecting the local market to open the day up 0.26% tracking some global market gains overnight.On the commodities front this morning, oil has retreated to trade down 3.05% at US$82.76/barrel, gold is down 0.5% at US$2365/ounce, and iron ore is up just 0.02% at US$106.07/tonne.AU$1.00 is buyingUS$0.64, 99.30 Japanese Yen, 51.59 British Pence and NZ$1.09.Trading Idea: 
    Trading Central has identified a bearish signal on Mirvac Group (ASX:MGR) following the formation of a pattern over a period of 46-days which is roughly the same amount of time the share price may fall from the close of $2.10 to the range of $1.82 to $1.88 according to standard principles of technical analysis.

    • 4 min
    Morning Bell 17 April

    Morning Bell 17 April

    Wall street closed mixed on Tuesday after Fed Chair Jerome Powell said interest rates may need to stay higher for longer if inflation drivers and prices remain sticky. The Dow Jones rose 0.17%, boosted by UnitedHealth shares on the back of better-than-expected first quarter revenue. The S&P500 fell 0.21% on Tuesday and the tech-heavy Nasdaq ended the day down 0.12%.
    Powell remarked that recent data shows solid economic growth and continued strength in the labour market, but lack of further progress so far this year on returning to the Fed’s target 2% inflation rate goal is holding back rate cut outlook.
    In Europe overnight, markets closed lower as investors assessed developments in the Middle East tensions. The STOXX600 fell 1.6%, weighed down by mining and banking stocks. Germany’s DAX ended Tuesday’s session down 1.44%, the French CAC lost 1.4% and, in the UK, the FTSE100 declined 1.82%.
    Across Asia markets overnight, markets closed lower as investors assessed economic data and await Israel’s response to Iran’s attack over the weekend. South Korea’s Kospi index fell 2.28% on Tuesday, Japan’s Nikkei lost 1.94%, and Hong Kong’s Hang Seng lost 2.12%.
    Over in China, the CSI index fell 1.07% on Tuesday following the release of key economic data released painting a very mixed picture into the recovery progress for the world’s second largest economy. GDP Growth rate came in above expectations at 5.3% for Q1 on an annual basis, where economists were expecting a 5% rise, indicating economic growth is underway. Conversely though, industrial production came in at a 4.5% rise for March on an annual basis which is a decline from the 7% rise recorded in February and well below economists’ expectations of a 5.4% rise, indicating industrial output continues to struggle post-pandemic. Retail Sales data also out in China yesterday came in at a rise of 3.1%, which similar to industrial production, is a 2.4% decline on February and was well below economists’ expectations, indicating Chinese retail consumption is sliding. 
    The local market had its worst trading session in over a year as the ASX closed Tuesday’s session down 1.81%, tracking Wall Street’s turbulence on Monday following the releasee of stronger-than-expected retail sales out in the US which further dents hopes of rate cuts in the near-term for the world’s largest economy. Escalating tensions in the Middle East also crippled investor sentiment toward riskier high growth assets like tech and real estate stocks, however, all 11 sectors closed in the red on Tuesday.
    What to watch today:
    Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX to open the day down 0.3% on the back of the global sea of red overnight.On the commodities front this morning, oil has retreated to trade 0.16% lower at US$85.26/barrel, coal is up 2.06% at US$136.50/tonne, gold is up 0.06% at US$2392/ounce and iron ore is flat at US$106.05/tonne.Trading Ideas:
    Bell Potter has downgraded the rating on Cooper Energy (ASX:COE) from a buy to a hold and have increased the 12-month price target on the gas exploration and development company following the release of the company’s Q3FY24 trading update including quarterly gas production of 5.5Petajoules, sales of 5.6Petajoules and revenue of $51.8m which were all in-line with Bell Potter’s expectations. The downgrade to a hold for Cooper Energy follows recent share price appreciation and ahead of the company’s expected achievement of free cash flow generation in FY25.And Trading Central has identified a bearish signal on Challenger (ASX:CGF) following the formation of a pattern over a period of 46-days which is roughly the same amount of time the share price may fall from the close of $6.50 to the range of $5.80 to $5.90 according to standard principles of technical analysis.

    • 5 min
    Morning Bell 16 April

    Morning Bell 16 April

    Wall St closed lower overnight as geopolitical tensions continue in the Middle East. The Dow Jones fell 0.65%, the S&P500 lost 1.2% and the tech-heavy Nasdaq ended the trading day, 1.79% in the red.
    The CBOE Volatility index, Wall Street’s fear gauge closed at its highest level since October following Iran’s attack on Israel on Saturday night, the first direct attack on Israel from Iran.
    Over in Europe, markets closed mixed as investors react to the Middle Eastern War. The STOXX600 closed marginally higher with oil and gas stocks leading losses down 1.6%. Germany’s DAX rose over half a percent, the French CAC gained 0.43% and over in the UK the FTSE100 closed 0.38% lower.
    Locally yesterday, the ASX200 closed 0.46% lower with the majority of the sectors finishing in the red. Losses were led by the information technology and communication services sectors which lost 1.75% and 1.05% respectively. This was offset by the energy sector which gained 0.38%.
    What to watch today: 
    The ASX200 is set to open lower with the SPI futures suggesting a fall of 0.81% at market open this morning.On the commodities front this morning,Oil is trading 0.06% higher at US$85.68 a barrel as investors react to the Middle Eastern tensions. Gold is trading 1.71% higher at US$2383 an ounce and iron ore is trading 1.28% higher at US$106.05 cents a tonne as markets increased their bets of higher demand for iron from Chinese steel producers.Trading Ideas: 
    Bell Potter maintains a buy rating on Life360 (ASX:360) and has a 12-month price target of $16.25. The buy rating is maintained by Bell Potter with first quarter results to be released on the 10th of May, with forecasts and already released metrics implying a solid quarter and a positive start to the year.And Bell Potter maintains a hold rating on Droneshield (ASX:DRO) and has increased its 12-month price target to $1.00. The hold rating is recommended as despite strong results in 2024, the announcement of only one single material contract year to date makes Bell Potter believe there is a heightened downside risk at current levels if contracts in the pipeline are delayed until the second half.

    • 2 min
    Morning Bell 15 April

    Morning Bell 15 April

    Rising geopolitical tensions and inflation concerns were the drivers of Wall Street’s negative close on Friday with the Dow Jones suffering its worst session since January. The launch of attacks on Iran from Israel fuelled oil prices to surge over the weekend paired with fresh U.S. imports data added fuel to investors concerns of rising inflation pushing back the outlook for rate cuts in the world’s largest economy.
    The Dow Jones fell 1.24% on Friday and 2.37% for the week, the S&P500 lost 1.46% on Friday and 1.56% for the week and the tech-heavy Nasdaq lost 1.62% on Friday and 0.45% for the week.
    First quarter results in the U.S. have started being released with Wells Fargo sliding 0.4% on Q1 results while Citigroup declined 1.7% despite posting a beat in revenue. JPMorgan Chase fell 6% on Friday after the banking giant posted first quarter results including outlook for net interest income to likely come in slightly short of what Wall Street is expecting for 2024.
    Over in Europe, markets closed mixed on Friday as investors digested key economic data and assessed the latest inflation reading out of the US. The STOXX600 rose 0.06% led by mining stocks rising 2.4%, Germany’s DAX fell 0.13%, the French CAC fell 0.16%, and, in the UK, the FTSE100 rallied 0.91%. British economic output increased by 0.1% MoM in February which was inline with expectations, and provides a further sign of slight improvement in economic stability following sluggish growth over recent months. The European Central Bank also announced the holding of interest rates for a fifth consecutive meeting on Thursday but gave its clearest signal yet that rate cuts are on the horizon in the near future.
    In Asia on Friday, markets closed mixed in the region as economic data and key inflation readings sparked mixed investor reactions. Hong Kong’s Hang Seng lost 2% and China’s CSI Index fell 0.81% following China’s exports falling more than expected in the month of March, coming in at a decline of 7.5% compared to the 2.3% fall economists were expecting.
    Locally on Friday the ASX closed the final trading session of the week lower as investors continue to question rate cut hopes out of the RBA and Fed. The ASX200 fell 0.3% on Friday but rose 0.3% for the week. Consumer staples and discretionary stocks weighed on the market on Friday but some of the heavy losses were offset by strong gains for utilities and tech stocks.
    Star Entertainment Group fell 7.3% on Friday after reporting a significant decline in revenues from its gaming rooms, while Cettire dropped almost 7% despite preliminary sales figures for Q3 coming in strong.
    What to watch today:
    Ahead of the local trading session here in Australia to start the new trading week, the SPI futures are expecting the ASX to open Monday’s session down 0.64% tracking Wall Street’s losses on Friday.On the commodities front this morning, oil is trading 0.36% lower at US$85.36/barrel, gold is up 0.7% at US$2359/ounce and iron ore is up 1.28% at US$106.50/tonne.AU$1.00 is buying US$0.64, 99.22 Japanese Yen, 52.29 British Pence and NZ$1.09.Trading Ideas:
    Bell Potter has increased the rating on Cettire (ASX:CTT) from a hold to a buy but have reduced the 12-month price target on the online fashion retailer from $4.50 to $4.00 per share following the release of a Q3 trading update including sales revenue of $168m which was 88% higher than the PCP and was a 14% beat on Bell Potter expectations, however, adjusted EBITDA margins of 3% were a miss to Bell Potter’s expectations.And Trading Central has identified a bullish signal on Bega Cheese (ASX:BGA) following the formation of a pattern over a period of 33-days which is roughly the same amount of time the share price may rise from the close of $4.16 to the range of $4.65 to $4.75 according to standard principles of technical analysis.

    • 4 min
    Weekly Wrap 12 April

    Weekly Wrap 12 April

    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.

    • 6 min

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