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Yesterday growing COVID-19 concerns across the nation weighed down on the market, as well as news that China’s economic growth for the second quarter was slightly below expectations of 8% growth, it rose 7.9%. 

Today, the futures are suggesting the Aussie share market will open 6 points lower. 

What to watch:

• Melbourne entered a sudden 5-day lockdown, while NSW Premier Gladys Berejiklian says she expects todays reported cases to be higher than yesterdays. 
• The unemployment rate fell to 4.9%. This is the lowest unemployment rate in a decade. However, labour force figures in the coming months will be interesting and we can expect some volatility given the data will include the current NSW lockdown. 
• Travel stocks continue to come under pressure. While most of the travel stocks closed in the red yesterday, today we will all be watching Sydney Airport (ASX:SYD)’s share price, after the company formally rejected the takeover offer of $22 billion from a consortium of infrastructure investors.
• Telstra (ASX:TLS) is on watch off the back of competition with Optus in an auction for low- band spectrum coming up in November. Low- band spectrum allows company’s such as Telstra to carry mobile data across greater distances in regional Australia, which is important for Telstra to reach regional communities. 
• The oil price is down 2.4%, the gold price is edging 0.1% higher, while iron ore is currently trading 0.3% higher at US$218. 
• One of the most traded stocks yesterday by both Bell Direct and our advised clients was Westpac (ASX:WBC). WBC was recently downgraded to a HOLD by Bell Potter, with an increased price target of $26.50. After a large jump in impairment benefits, Westpac closed 1.1% lower yesterday, falling the most out of the 4 major banks. 
• Bell Direct clients were also trading Fortescue Metals (ASX:FMG). The past week has seen confidence in iron ore miners, as well as the broader resources sector. Yesterday FMG closed over 2% higher at $25.72, nearing its January all-time record high of $26.40. 

Trading ideas:

• Bell Potter maintain their BUY recommendation on technology company Life360 with an increased price target of $9.25 (previously $7.75). Life360 closed yesterday at $7.83, implying just over 18% share price growth in a year. 
• Bell Potter also maintain their BUY recommendation on Whitehaven Coal (ASX:WHC), with an increased price target of $2.50, with optimism in the current strength in thermal coal markets. WHC closed yesterday at $2.07, implying 21% share price growth in the year. 
• Bullish charting signals have been identified in Magnis Technology (ASX:MNS), Brainchip (ASX:BRN) and Rhythm Biosciences (ASX:RHY), according to Trading Central. 

Step aside EOFY volatility, August reporting season is just around the corner, and it's looking like it's going to be a showstopper. Plus there's a new tech darling in town, and it's got the attention of some big celebrity names...

In this week’s wrap, Jessica covers:

• (0:22) Telcos stealing the show up 2.3% following Telstra's (ASX:TLS) announcement
• (1:02) Staples back in vogue: Metcash (ASX:MTS) reporting record sales
• (1:57) EOFY rebalancing pushing two stocks to the top of the leaderboard
• (2:37) Why Collins Foods (ASX:CKF) fell 13% despite record earnings
• (3:52) A new celebrity stock? The rise of Life360 (ASX:360)

Did climate activists take down the world’s largest meat supplier? And does England's NHS really need patient data for 'research' purposes? We answer all that and more in this week's Watchtower Weekly.

We also invite very special guest, and Executive Director at Let's Encrypt, Josh Aas, to the show. Join us as we discuss our new partnership and how you can help them secure the last 10% of the internet with HTTPS.

Also, it's girl power this week as Cat & Anna try to takedown Matt in Three Word Password. 👭

🏰  Watchtower Weekly

• TikTok just gave itself permission to collect biometric data on US users
• Cyber-attack hits world's largest meat supplier
• FBI names REvil as the group behind meat supplier cyberattack
• Hackers reportedly used a compromised password in Colonial Pipeline cyberattack
• England’s NHS plans to share patient records with third parties
• UPDATE: New NHS patient data store delayed by two months
• 👉 How to opt out of NHS Digital data sharing

🎙  Guest Interview - Josh Aas from Let’s Encrypt

• Visit: letsencrypt.org
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• 1Password blog: Supporting Let’s Encrypt, the nonprofit making HTTPS free for all

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US equities lifted on Friday, after the key May jobs report was released. The US economy added 559,000 jobs in May, coming in slightly lower than the estimate of 671,000. Despite the miss, it still showed a healthy rebound in the labor market and boosted confidence in the economic comeback. The unemployment rate fell to 5.8% from 6.1%, which was better than the estimate of 5.9%. 

Tech shares rebounded on Friday following the jobs report miss and the US 10-year treasury yield falling. We saw Zoom up about 5% and Tesla up around 4.5%. 

The Aussie share market is set to reset its record high at the open, with the futures suggesting the market will lift 0.10% or 7 points higher to 7,300 points.

What to watch today:

• In economic news this week, tomorrow Business Confidence is out for May– the question will be if levels will rise above the record high 26 points set in April. Then on Wednesday, Consumer Confidence is out for June where the focus will be on whether Victoria’s lockdown will pull confidence levels back from their current level of 113.1.
• On Friday the Oil price hit an intra-day high of US$72 a barrel, for the first time since 2019. This was off the back of OPEC discipline and demand hopes. Also boosting Oil, was a slowdown in talks between the US and Iran, which reduced expectations of a rise in Iranian oil supply. 
• Iron ore eased below $US210 a tonne given weaker sentiment in China’s steel market.
• The Gold price rose 1% off the back of softening bond yields. 
• The most traded stocks by Bell Direct clients last Friday were: Steadfast Group (ASX:SDF), Telstra (ASX:TLS) and Westpac (ASX:WBC). Our advised clients most traded stocks were also Steadfast and Telstra, as well as iShares Core Composite Bond ETF (ASX:IAF).

Trading Ideas:

• Bell Potter have reiterated their BUY recommendation on iron ore company BCI Minerals (ASX:BCI), with an increased price target of $0.69 (previously $0.57). BCI closed 2.5% up last Friday to $0.42, which implies a huge 64% share price growth. 
• Bell Potter has also maintained their BUY recommendation on pharmaceutical company Mayne Pharma (ASX:MYX), with a price target of $0.56. 
• Pilbara Minerals (ASX:PLS), Venturex Resources (ASX:VXR) and QBE Insurance Group (ASX:QBE) 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 ASX200 is eyeing a fall of 0.5% at the open.

The Head of the Reserve Bank in the US assured Americans that interest rates will stay low until employment rates return to normal levels.

Companies reporting results:

• Telstra (ASX:TLS) reported net profit after tax (NPAT) of $1.1 billion, which exceeded the expectation of $849 million.
• AMP (ASX:AMP) reported full year statutory NPAT of $177 million, reversing the $2.5 billion loss in FY19.

Yesterday’s most traded stocks:

• Large caps: Fortescue Metals (ASX:FMG), InvoCare (ASX:IVC) and Suncorp (ASX:SUN).
• Small caps: BlackEarth Minerals (ASX:BEM).

Local trading ideas:

• Praemium (ASX:PPS) was reiterated as a buy by Bell Potter with new $1.01 target.
• Australian Strategic Materials (ASX:ASM), Resimac Group (ASX:RMC) and Charter Hall Group (ASX:CHC) are giving off bullish charting signals according to Trading Central.

 The market hit a 12-month high this week, rising 3% (Mon-Fri 10:30am) - that's the ASX200's best gain in 13-weeks. In keeping with tradition, better than expected company news, earnings results, and economic stimulus have driven this surge. But with a marked increase in retail investor trading in small and mid-sized companies, caution is advised...

In this week’s wrap, Jessica covers:

• (0:22) The soaring market. All sectors doing well except Utilities
• (0:55) Credit Corp (ASX:CCP) rising 18%, after a good report card
• (1:27) Home loans reaching record highs in December
• (2:03) What'll be hot next week - key earnings results
• (3:00) Two oil stocks to watch
• (4:08) Where to be cautious amongst the retail investor buying frenzy

The Aussie share market rose 1.4% (Mon-Thu) however, momentum is slowing with investors focused on earnings and dividend growth for 2021.

In this week’s wrap, Jessica covers:

• (0:39) Employment rises more than expected in July. What's next?
• (1:13) The U.S. reports: S&P500 a shade off its record high
• (1:45) Aus earnings season: Banks to see declines & Miners to deliver
• (2:10) Reporting season wrap so far: CBA, Telstra & Transurban report 
• (3:00) Stock watch: Treasury Wine Estates (ASX:TWE) guzzles up 18%
• (4:00) Mesoblast (ASX:MSB) falls Mon-Thu, then rockets after FDA vote
• (5:49) BHP (ASX:BHP), Coles (ASX:COL) and Westpac (ASX:WBC) all set to report next week

The Aussie share market is eyeing a muted start with the futures suggesting a 0.1% fall at the open to kick off the new financial year and quarter. Yesterday the ASX200 ended the second quarter of the year up 16.7%, the best quarterly rise since 2009. 

Wall Street wrapped up the June quarter on a high with the Dow Jones gaining 17.8%, the best quarterly gain since 1987.

What to watch today:

• Manufacturing data for June is out with the sector set to remain in contractionary phase. Building approvals are out and expected to fall 10% given the numbers are from May.
• COVID-19 restrictions ease heavily today in NSW with pubs and cafes to allow max capacity, weddings and public gatherings can have up to 20 people, funerals can have up to 50 people and community sport can kick off. So watch companies like Coca-Cola Amatil (ASX:CCL), Woolworths (ASX:WOW) and Coles (ASX:COL) with food and beverage demand to tick up.
• Alot of ETFs go ex-dividends today, including (ASX:VGS) a popular global investment, and (ASX:VAS) which invests in the ASX300.

Local Trading ideas:

• UBS rated KFC franchisee Colins Foods (ASX:CKF) as a buy following its stronger than expected results in this challenging environment. UBS upgraded its outlook suggesting its price will grow to $10.65.
• UBS reiterated IDP Education (ASX:IEL) as a long term growth stock with a $18.20 target.
• After Telstra (ASX:TLS) lifted mobile prices, UBS also reiterated the telco giant as a buy with a $3.70 target.

JOIN US IRL: www.instagram.com/wisemillennial
Jenn Trepeck, Founder of "Better Life Now LLC" sits down remotely to discuss her weight loss journey from growing up in Michigan and dancing while in high school, to working at a hedgefund in New York City; her transition from finance to launching her own health coaching business, the TLS system, baseline principles for weight management, Millennials and body image/self worth, behavior vs. mindset, dating apps, and the ultra-tricky and sensitive question, "how do you mention weight to your partner?"

LEARN MORE ABOUT JENN: http://www.betterlifenowllc.com/
INSTA: @jenntrepeck
SALAD WITH A SIDE OF FRIES PODCAST

INTERVIEW QUESTIONS:

• Can you first briefly explain what is better life now, and the community you’re building?
• So first off, you grew up in Michigan. So did my father actually in Ann Arbor. You went to Ross school of business at the university of Michigan. And i guess you were experiencing weight issues then? Or did it start earlier?
• What is TLS? And respectfully, without sounding like an infomercial, why does it work?
• What are the basic principles of weight management? Is there anything we can agree on?
• Millennials and body image. Why is it so hard to just "love yourself"?
• Controversial, but does instagram actually help put more emphasis on weight loss?
• What's the difference between behavior vs. mindset? Can't we just say, "eat less and move more"? Is that too oversimplified?
• How much of a role should weight play in choosing a partner? And how are we supposed to navigate dating apps?
• Ultra sensitive question, how do we tell our partner they're (respectfully) not making the cut physically?
• Body image. Why do millennials struggle so much with body image and self acceptance? And what would your advice be?
• If you could change anything in society, what and why?
• What is something you wish someone had told you 5 years ago, or you had told yourself, that you had to learn on your own? But would have made life so much easier had you known.
• How can people get involved and learn more about you?