Bell Direct

16/06/2026

📉 Mixed night on Wall St as tech dragged markets lower despite a record-setting Dow.

🔹 Dow Jones +0.6% (new record high)
🔹 S&P 500 -0.6%
🔹 Nasdaq -1.2%

Back home, the ASX looks set for a softer open with SPI futures pointing to a -0.3% decline.

📊 Bell Potter stock picks:
🟢 LTR (Liontown) — Buy maintained, target lifted to $2.90 on a stronger 12-month lithium outlook
🟢 SXE (Southern Cross Electrical) — Buy maintained, target raised to $5.40 following major contract wins and upgraded FY27 guidance

Commodities:
🛢 Oil: US$76.55 (-5.2%)
🥇 Gold: US$4,336 (+0.6%)
⚪️ Silver: US$70.10 (+0.1%)
⛏ Iron Ore: US$101 (-0.3%)

Stocks Lithium AustralianShares

10/06/2026

📉 Markets took another hit overnight as investors digested escalating trade-war rhetoric from Trump and a continued sell-off in semiconductor stocks.

🔻 S&P 500: -1.6%
🔻 Nasdaq: -2.0%
🔻 Dow Jones: -1.9%

Locally, the ASX is expected to open lower, with SPI futures pointing to a 0.8% decline.

🛢️ Oil surged 5.9% to US$93.50 per barrel, while precious metals pulled back sharply.

⭐ Stock to Watch: Cogstate (ASX:CGS)
Bell Potter has maintained its Buy rating and $3.20 price target, highlighting strong growth prospects driven by key partnerships and recent wins in the narcolepsy and psychiatry markets.

MarketUpdate Trading Cogstate ASXCGS Finance

09/06/2026

📉 Tech weakness continued to weigh on Wall Street overnight, with a broad sell-off in chip stocks dragging the Nasdaq down 1.0%. The S&P 500 slipped 0.3%, while the Dow Jones managed a 0.2% gain.

🇦🇺 Locally, the ASX is expected to open slightly higher, with SPI futures pointing to a 0.2% rise.

💡 Stock on our radar: Rural Funds Group (ASX:RFF)

Bell Potter has maintained its Buy rating and $2.50 price target, implying potential upside of 26.6% over the next 12 months. The positive outlook is supported by rising agricultural land values and the recent approval of the J&F guarantee uplift.

AustralianShares MarketUpdate BellPotter

08/06/2026

📈 Wall St bounced back overnight after Friday’s tech-led selloff, with the Nasdaq recovering 0.9% after its worst session in more than a year. The S&P 500 gained 0.3%, while the Dow Jones slipped 0.2%.

🇦🇺 Locally, the ASX is set for a positive start to the shortened trading week, with SPI futures pointing to a 0.3% rise at the open.

⭐ Stock in Focus: Eagers Automotive (ASX: APE)
Bell Potter has maintained its Buy recommendation following last week’s AGM update, with a 12-month price target of $28. Based on the current share price of $20.82, this implies potential upside of 34.5%.

BellPotter EagersAutomotive MarketUpdate

19/05/2026

Wall St extended its losing streak to a third straight session overnight as rising bond yields weighed on investor sentiment 📉

🔻 S&P500: -0.67%
🔻 Dow Jones: -0.65%
🔻 Nasdaq: -0.84%

The ASX looks set to follow suit, with SPI futures pointing to a 0.5% decline at the open.

In commodities:

🛢 Crude Oil: US$104/bbl
🥇 Gold: -1.8%
🥈 Silver: -4.5%
⛏ Iron Ore: US$110/t

Stock in focus: Temple & Webster (ASX:TPW)
Bell Potter maintained a Buy rating with a $7 price target, citing near-term risks but continued long-term valuation support.

18/05/2026

Wall St hit the brakes overnight as tech stocks led a pullback 📉

🔹 S&P 500 slipped 0.07%
🔹 Nasdaq fell 0.51%
🔹 Dow Jones edged 0.32% higher

Meanwhile, the ASX looks set for a strong rebound, with SPI futures pointing to a 1.1% jump at the open 🇦🇺📈

Commodities stayed active overnight:
🛢️ Oil +1.5%
🥇 Gold +0.8%
🥈 Silver +4.0%

💡 Bell Potter Trading Idea:

ALS (ASX: ALQ) — Buy
🎯 12-month price target: $26

Bell Potter maintained its Buy rating after strong FY26 results, including:

✔️ 19.3% YoY uEBIT growth
✔️ 8.4% organic revenue growth

Markets Finance BellPot

17/05/2026

Wall St closed lower to finish the week as investors took profits from the record-breaking chip rally, while the US-China summit delivered little fresh momentum 📉

🔻 S&P500 -1.24%
🔻 Nasdaq -1.54%
🔻 Dow Jones -1.04%

Locally, the ASX looks set for a weaker start, with SPI futures pointing to a 0.4% fall at the open.

Meanwhile, Bell Potter has maintained a Buy rating on TechnologyOne (ASX:TNE) and lifted its 12-month price target to $32.25 ahead of next week’s 1HFY26 results, with ARR growth expected to outperform forecasts.

Commodities snapshot:
🛢 Oil: US$106.40 (+1.0%)
🥇 Gold: US$4,547 (+0.0%)
🥈 Silver: US$76.75 (+1.3%)
⛏ Iron Ore: US$110.80 (-0.3%)

Markets Finance Trading

15/05/2026

Markets moved in two directions this week as Australia’s federal budget pressured banks and property-linked stocks, while strong US earnings and accelerating AI demand drove global markets higher.

In this week’s Weekly Wrap, Bell Financial Group (ASX:BFG) CIO Will Riggall joins Bell Potter Lead Strategist Rob Crookston to discuss:

• Key federal budget changes and investor implications
• The shift toward income and defensive sectors
• Strong US earnings and ongoing AI momentum
• Commodity strength led by copper and BHP
• The outlook for banks, CSL and opportunities heading into FY26

Watch the full discussion for insights into the key themes shaping markets and portfolios.

https://www.youtube.com/watch?v=pBS3O7KGaP8

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10/05/2026

Wall St finished the week strong 📈

The S&P 500 (+0.84%) and Nasdaq (+1.71%) both closed at fresh record highs after April’s jobs report came in stronger than expected, while the Dow also edged higher.

Locally, the ASX is set for a softer start, with SPI futures pointing to a 0.5% drop at the open 🇦🇺

👀 Stocks on watch:

• ASX:REA — Bell Potter maintains a Buy rating, lifting its price target to $217 after a resilient Q3 update

• ASX:CYC — Bell Potter reiterates Buy following bullish CY26 guidance

Commodities snapshot:
🛢 Oil +3.1%
🥇 Gold -0.6%
⛏ Iron Ore flat

Finance MarketUpdate Trading AustralianShares

08/05/2026

Weekly Wrap 8 May:

Where Bell Potter Securities sees opportunity right now. The RBA's rate increase and how the ASX responded. Plus, how the Aussie economy bounced back from the ongoing oil price volatility.

We saw another week of major moves on the market last week, as continuing volatility in oil prices and the RBA’s 25 basis point rate increase dominated the h...