Morning Bell 22 May

Jessica Amir
May 22, 2020

Aussies shares are eyeing a hesitant start today after U.S equities ended lower on Thursday, with investors taking profits and Amazon shares falling 2% after hitting an all-time high in the previous session.

Two trading ideas for today:

  • Bell Potter upgraded Afterpay (ASX:APT) with a $51.50 price target after it announced it surpassed 5 million active U.S customers.
  • AMA Group (AMA) was reiterated as a Buy by Bell Potter, with a $0.80 price target.

Investors will be watching: Wesfarmers (ASX:WES), Sydney Airport (ASX:SYD) & Macquarie (ASX:MQG).

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