Bell Direct overdub test
By Members Desk
April 4, 2022
0:00 / 11:34
ALV updates00:03

Good morning, this Wednesday, the 9th of February. I'm Sophia Mavritas, a market analyst with bell direct. We are stay the ASX 200 closed in the green. The materials sector made strong gains there's INR in the spot market. Rose BHP, Rio Tinto, and Fortescue metals were all. Meanwhile at tech shares declined to the most as Australia's 10 year bond yield exceeded 2.1% reaching the highest level.

Since the beginning of 2019, they saw a sell-off in tech stocks, which tend to be more sensitive to interest. Also yesterday on the ASX 200 travel stocks gained for a second session after news that the Australian border will open on the 21st of February to those who are double vaccinated and hold a valid visa status still to determine, uh, quarantine requirements and caps on arrivals.

However, the news saw web jet flight center and corporate travel manager. Or make the leaderboard casino owner, sky, city entertainment SKC and star entertainment. S G R also made the top 10 boosted by confidence for tourism and the most traded stock by bell direct clients was a to be Australia. Which is home to brands such as 13 cabs, cab charge and EFT solutions.

It share price gained 12% yesterday. After the departure of chief executive Andrew skeleton, the company also launched a strategic review of operation. And European markets closed mixed as investors away us inflation data out later this week, while us equities gained the Dow up 1.06%, the S and P 500 up 0.8, 4%.

And the NASDAQ up 1.28. As for what to watch today, locally, the ASX 200 is set to open higher. The spy futures are suggesting a 0.2, 7% rise at the open this morning in economic news yesterday, NABS business confidence index for January. It was released with confidence bouncing back to three index points from negative 12 points in December business conditions.

However, fell below the long run. Or three components of business conditions deteriorated with large fours in profitability, sales, and employment. Today Westpac's consumer confidence index for February will be released at 10:30 AM. Australian Eastern daylight. In commodities, the oil price has fallen to 89.

Us dollars, 64, a barrel as attention was turned to the Iran. Nuclear talks that are set to resume today. Gold is higher trading at 1,826. Us dollars announced as the dollar rebounded ahead of us inflation data out later this week and the seaborne iron ore price is trading at 148. Us dollars, 8,300. Now Commonwealth bank CBA reported its half year results.

This morning, delivering strong financial and operational performance, statutory and pat increased by 26% and CBA declared a dollar 75 fully franked interim dividend up 17% from this time last year, look out for our full report on CBA out later. There are also several other companies that will be reporting their earnings results today.

Some of these include Centura capital group S and I Dexis D X I mineral resources, M I N, and Northern star resources, uh, and S T and ResMed's RMD set to go ex-dividend today, which may see share price fall as investors. Take them. As for some trading ideas to consider bell Potter and Macquarie have different views on global mining tech company index.

I am D after the company reported its earnings. This week, half year revenue is up 35% to $167.8 million. And, and pat is up more than 80% to $24.4 million. And in depth, uh, index declared a fully franked interim. Of a dollar 50 cents per share. Now, following the report, bell Potter have downgraded. I am D from a buy to a hold, maintaining a $3 price target.

They reduced underlying EPS estimated for FYI 22, 23 and 24 respectively driven by higher DNA and our net interest and higher cost assumption. On another note, Macquarie retain their outperform rating on IMD and have increased their price target to $2 90, sorry. From $2 90 to $3 30. I am days revenue and earnings beat McCrory's expectations by 13 points.

And lastly trading central have identified a bullish signal in, um, in core resources are C MCR indicating that the stock price may rise from the close of a dollar 71 to the range of $2 and 6 cents to $2 14. Within 18 days, according to the standard principles of technical analysis. Now that is all for this morning.

I'm Sophia Marinus with bell direct, have a great day and happy trading. Good morning, this Wednesday, the 9th of February. I'm Sophia Mavritas, a market analyst with bell direct. We are stay the ASX 200 closed in the green. The materials sector made strong gains there's INR in the spot market. Rose BHP, Rio Tinto, and Fortescue metals were all. Meanwhile at tech shares declined to the most as Australia's 10 year bond yield exceeded 2.1% reaching the highest level.

Since the beginning of 2019, they saw a sell-off in tech stocks, which tend to be more sensitive to interest. Also yesterday on the ASX 200 travel stocks gained for a second session after news that the Australian border will open on the 21st of February to those who are double vaccinated and hold a valid visa status still to determine, uh, quarantine requirements and caps on arrivals.

However, the news saw web jet flight center and corporate travel manager. Or make the leaderboard casino owner, sky, city entertainment SKC and star entertainment. S G R also made the top 10 boosted by confidence for tourism and the most traded stock by bell direct clients was a to be Australia. Which is home to brands such as 13 cabs, cab charge and EFT solutions.

It share price gained 12% yesterday. After the departure of chief executive Andrew skeleton, the company also launched a strategic review of operation. And European markets closed mixed as investors away us inflation data out later this week, while us equities gained the Dow up 1.06%, the S and P 500 up 0.8, 4%.

And the NASDAQ up 1.28. As for what to watch today, locally, the ASX 200 is set to open higher. The spy futures are suggesting a 0.2, 7% rise at the open this morning in economic news yesterday, NABS business confidence index for January. It was released with confidence bouncing back to three index points from negative 12 points in December business conditions.

However, fell below the long run. Or three components of business conditions deteriorated with large fours in profitability, sales, and employment. Today Westpac's consumer confidence index for February will be released at 10:30 AM. Australian Eastern daylight. In commodities, the oil price has fallen to 89.

Us dollars, 64, a barrel as attention was turned to the Iran. Nuclear talks that are set to resume today. Gold is higher trading at 1,826. Us dollars announced as the dollar rebounded ahead of us inflation data out later this week and the seaborne iron ore price is trading at 148. Us dollars, 8,300. Now Commonwealth bank CBA reported its half year results.

This morning, delivering strong financial and operational performance, statutory and pat increased by 26% and CBA declared a dollar 75 fully franked interim dividend up 17% from this time last year, look out for our full report on CBA out later. There are also several other companies that will be reporting their earnings results today.

Some of these include Centura capital group S and I Dexis D X I mineral resources, M I N, and Northern star resources, uh, and S T and ResMed's RMD set to go ex-dividend today, which may see share price fall as investors. Take them. As for some trading ideas to consider bell Potter and Macquarie have different views on global mining tech company index.

I am D after the company reported its earnings. This week, half year revenue is up 35% to $167.8 million. And, and pat is up more than 80% to $24.4 million. And in depth, uh, index declared a fully franked interim. Of a dollar 50 cents per share. Now, following the report, bell Potter have downgraded. I am D from a buy to a hold, maintaining a $3 price target.

They reduced underlying EPS estimated for FYI 22, 23 and 24 respectively driven by higher DNA and our net interest and higher cost assumption. On another note, Macquarie retain their outperform rating on IMD and have increased their price target to $2 90, sorry. From $2 90 to $3 30. I am days revenue and earnings beat McCrory's expectations by 13 points.

And lastly trading central have identified a bullish signal in, um, in core resources are C MCR indicating that the stock price may rise from the close of a dollar 71 to the range of $2 and 6 cents to $2 14. Within 18 days, according to the standard principles of technical analysis. Now that is all for this morning.

I'm Sophia Marinus with bell direct, have a great day and happy trading.