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Morning Bell 19 June
Between the Bells
English - June 19, 2020 00:00 - 3 minutes - 2.48 MBInvesting Business online share trading trading ausbiz asx200 investing economics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Weekly Wrap 12 June
Next Episode: Weekly Wrap 19 June
The Aussie share market is set for a hesitant start with the futures eyeing a dip of 0.1% at the open.
Investors will be watching:
Splitit (ASX:SPT) rose over 100% after inking a deal with Mastercard. Pre-market trade suggests it could rally 8% at the open. Afterpay (ASX:APT) became the 22nd biggest company on the ASX, following the RBA announcement that cash payments continued to fall on the back of structural trends and COVID-19. Evolution Mining (ASX:EVN) cut its gold output guidance and flagged an impairment of up to $100 million. UK Retail sales data is out later with stores reopening this week, but online retail is expected to have pushed sales up 5% in May.Local trading ideas:
Seek (ASX:SEK) was upgraded to a buy by UBS with a target of $23, following yesterday’s weaker than expected rise in unemployment. Temple & Webster (ASX:TPW) was reiterated as a Bell Potter buy given its valuable offering online retail. Bell Potter targets 17% share price growth to $6.10. Following Westpac selling its Pendal (ASX:PDL) stake, the fund managers Pendal was reiterated as a Bell Potter buy given Pendals performance fees have grown more than expected.