Between the Bells
Morning Bell 27 July
Jul 27, 2021
Bell Direct
Yesterday, the Aussie share market reached its highest level of 7,418 points.
Today the futures are suggesting the Aussie share market will lift 0.3% or 19 points.
What to watch today:
- Australia awaits news on Victoria, South Australia and NSW lockdown restrictions.
- Virgin Money (ASX:VUK) are set to report their results today.
- Temple and Webster (ASX:TPW) reported earnings results this morning. TPW’s full year revenue is up 85% and their earnings (EBITDA) are up 141% in the year.
- Oil Search (ASX:OSH) have reported their quarterly results, with a 22% up in revenue.
- Oz Minerals (ASX:OZL) have also reported quarterly results, with upgraded full year production.
- The copper price surged over 4% to its highest level since June. The price was boosted by the news that China sold less reserves than expected.
- The iron ore price fell 0.4%, while the oil price rose 0.4% to US$72.18.
Trading Ideas:
- Fresh milk company Synlait Milk (ASX:SM1) was reiterated as a Bell Potter BUY, with an increased price target of $4.40, implying 29% share price growth in a year.
- Paladin (ASX:PDN), Neometals (ASX:NMT) and Redbubble (ASX:RBL) are all giving off bullish charting signals according to Trading Central.