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ASX Market-Leading Themes, top performing companies and Top 10 Momentum stocks this quarter. 

Here are the Top 10 Themes on the ASX. With the strongest 3 companies by performance over the last month. 

The Top 10 Momentum Companies on the ASX today are:
Wa1Resourcesltd, 4Dmedical Limited, Impedimed Limited, Oneview Healthcare, Encounter Resources, Future Battery, Lindian Resources, Electro Optic Sys., Rox Resources,
With the codes: 
WA1, 4DX, IPD, ONE, ENR, FBM, LIN, EOS, RXL, RSG,

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Yesterday the Aussie share market closed in the red, closing 0.54% lower. 

In overseas markets, investors are cautions as they await the meeting of US Federal Reserve policymakers as well as new developments in Afghanistan also played a part for investors in the risk- off sentiment. 

Following US equities, the SPI futures are suggesting the ASX200 will open slightly lower.  

What to watch today:

• In economic news, retail sales data for July will be released at 11:30am AEST. In June, retail sales declined 1.8% month over month, impacted heavily by the nation-wide lockdowns. The market is expecting a 2.3% decline. 
• Travel stocks, Flight Centre (ASX:FLT) and Qantas (ASX:QAN), were among the most traded stocks by Bell Direct clients yesterday, after both companies reported their 2021 financial year results. FLT reported a 79% decline in revenue and a $507.1 million underlying loss, while QAN reported a 58% decline in revenue, heavily impacted by border closures and travel restrictions. 
• Companies reporting today include: Auswide (ASX:ABA), BWX (ASX:BWX), Next DC (ASX:NXT), Resolute Mining (ASX:RSG), Village Roadshow (ASX:VRL) and Wesfarmers (ASX:WES). 
• The oil price has fallen 0.9% and is trading at US$67.74 a barrel. 
• Gold fell for the 3rd consecutive session, amid a slightly stronger dollar. 
• And iron ore has fallen 1.8% and is trading at US$159 a tonne. 

Trading ideas:

• Bell Potter has maintained their BUY rating on The a2 Milk Company (ASX:A2M), however have decreased their price target from $8.50 to $7.70. This comes after A2M reported its 2021 financial year results yesterday. A2M closed yesterday at $6.05, implying 27.3% share price growth in a year. 
• Wisr (ASX:WSR), Tyro Payments (ASX:TYR), and Swoop Holdings (ASX:SWP), are all giving all bullish charting signals, according to Trading Central. 

 The Aussie share market is set to open 1.1% lower, following Wall Street overnight. 

The Australia government pushes for reusable, recyclable and compostable plastics. 

What to watch today: 

• Resolute Mining (ASX:RSG) is the best performer in the ASX200 this month, up 29%.
• Watch iron ore as China plans to set up exploration and production facilities. Iron ore stocks have been trading at a record high. Watch Fortescue Metals (ASX:FMG), Mineral Resources (ASX:MIN), Magnetite Mines (ASX:MGT), Aeris Resources (ASX:AIS) and BCI Minerals (ASX:BCI). 
• The Federal Government greenlighted a $600 million Gas fired power station to be built in the NSW Hunter Valley, so keep an eye on AGL Energy (ASX:AGL).
• The Australian Government wants all plastics to be reusable, recyclable or compostable by 2025. So keep an eye on packing stocks like Amcor PLC (ASX:AMC), Orora (ASX:ORA), Pact Group Holdings (ASX:PGH) and Pro- pac Packaging (ASX:PPG). 
• US President Joe Biden is pushing for electric-vehicle production. A $174 billion EV plan is urging automakers to build zero-emission vehicles in the US.
• Webjet (ASX:WEB) to report company results today.
• AGMs being held today: A.P. Eagers Limited (ASX:APE) and G8 Education (ASX:GEM).
• In economic news, consumer confidence will be released at 11:30am AEST. 
• The most traded stocks yesterday: Nuix (ASX:NXL), Kincore Copper (ASX:KCC) and Macquarie Group (ASX:MQG).

Trading Ideas: 

• Bell Potter have upgraded their recommendation on Lovisa Holdings (ASX:LOV) to a BUY, with a $15.50 price target. 
• Medusa Mining (ASX:MML), Virgin Money (ASX:VUK), and Empired (ASX:EPD) are all giving off bullish charting signals according to Trading Central. 

Following US equities rise overnight, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.67% or 7021 points. 

What to watch:

• Recce Pharmaceuticals (ASX:RCE) is set to report their 3Q21 Earnings today. 
• The Oil price dropped 3.51%. The decline comes after concerns around the demand from India, amid the current wave of COVID-19 infections, as well as the hacking of the Colonial Pipeline in the US. 
• The Gold price bounced off a one-week low, rising 0.62%, so keep an eye on Gold miners like Newcrest Mining (ASX:NCM) and Resolute Mining (ASX:RSG). 
• Copper is down 1.09% while Iron Ore plunged 2.9% after China cautioned on commodity prices. 
• The most traded stocks by Bell Direct clients yesterday were CSL (ASX:CSL), Telstra (ASX:TLS), and Australia and New Zealand Bank (ASX:ANZ). And for advised clients, the most traded stocks were Xero (ASX:XRO), BetaShares Active Australian Hybrids Fund (ASX:HBRD) and Vanguard Australian Shares Index ETF (ASX:VAS). 

Trading ideas:

• Bell Potter has reiterated their Buy recommendation on GrainCorp (ASX:GNC), maintaining a $6.20 price target. GrainCorp closed yesterday at $5.43, implying a 14.2% share price growth in the year.
• Alliance Aviation Services (ASX:AQZ), Ava Risk Group (ASX:AVA) and People Infrastructure (ASX:PPE) are all giving off bullish charting signals according to Trading Central. 

The rocky road continues with the Aussie share market on the up, but hitting bumps along the way. With COVID-19 still a concern both domestically and in key international markets, strategic investing continues to be critical.

In this week’s wrap, Jessica covers:

• (0:11) Two steps forward, one step back - the Aussie share market hits a 4-week high before falling back
• (1:16) Stocks on watch: Resolute Mining (ASX:RSG) up 20%, while TPG Telecom (ASX:TPG) falls 10% amid roaming data losses
• (1:44) Macro outlook: COVID-19's impact on the Australian economy
• (2:30) What the stimulus package means for the economy
• (3:20) Taking advantage of the gold rush
• (4:48) Working At Home trading ideas: Tesserent (ASX:TNT), Vocus (ASX:VOC) and Wesfarmers (ASX:WES)