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Morning Bell 5 March

Bell Direct
March 5, 2026

Overnight, Wall St saw a rebound from yesterday’s sell off, as investors fears about surging oil prices and an extended conflict in the Middle East were allayed somewhat. The Dow Jones added 0.5%, the S&P500 gained 0.8%, while the Nasdaq was the biggest winner adding 1.3%, spurred by chip stocks such as Micron and AMD gaining 6%.

What to watch today:

  • Back home, the ASX is set for a similar rebound, after yesterday’s session saw $60 billion erased from its market cap in a 1.9% drop the second worst day since last April’s Liberation Day. The SPI futures indicate the ASX will open 1.1% higher.
  • Moving to some trading ideas for today, Bell Potter have maintained their buy rating on Endeavor Group (ASX:EDV), with a 12 month price target of $4.15, as they believe that market expectations are low for the company’s strategic refresh, leaving room for greater upside potential.
  • They also maintain their buy rating on Genusplus Group (ASX:GNP) with a 12 month price target of $9.50, after the company announced it has entered into an agreement to acquire 100% of Railtrain Holdings Pty Ltd for a total consideration of $55 million, solidifying its track record of strong M&A strategy.
  • Finally ending on some commodities news, which have somewhat stabilised after a few days of heightened volatility.
    • The surging Crude Oil has flattened, trading just 1.8% up at around $75 per barrel, largely due to President Trump’s pledge to deploy the US navy to provide risk insurance for all tankers passing through the Strait of Hormuz.
    • Precious metals have seen similar trends, with Gold up 0.9% to US$5133 per ounce, and silver up 1.5% to US$82 per ounce. Gold especially has seen a conflict of both headwinds and tailwinds of late, as geopolitical uncertainty creates safe haven demand, however a strong US dollar and inflation fears from higher energy costs put downward pressure on the price.

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