Morning Bell 21 May

Jessica Amir
May 21, 2020

Aussie shares are eyeing a 0.6% gain at the open, which means we could rise for the 5th straight day extending that new 6-week high set yesterday.

Records have been broken on Wall Street with Facebook and Amazon shares soaring to all-time highs.

A trading idea for today, Bell Potter has Australian Agricultural Co (ASX:AAC), as a buy with a price target of $1.40, implying a 26% share price growth in a year from yesterday’s close of $1.11.

Investors will be watching Aristocrat (ASX:ALL) & the pre-release Manufacturing and Services industry data that is out for May, which could move markets.

In today’s morning bell, Jessica covers:

  • Global markets – (0:01)
  • Local markets – (0:40)

What to watch:

  • Aristocrat (ASX:ALL) – (0:52)
  • Manufacturing and Services data for May – (2:04)
  • Bell Potter trading idea: Australian Agricultural Co (ASX:AAC) – (2:32)

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