Skip to main content

Morning Bell 25 February

Jessica Amir
February 25, 2021

The broad Aussie share market is down 0.2% this week, but the futures are suggesting a 0.7% rebound.

Local tech stocks are down 8.5% this week, that’s the tech sectors biggest drop since March last year.

What to watch today:

  • Afterpay (ASX:APT) reported net transaction margin rose much more than expected, while it reported a loss when the market expected a profit. They also announced a $1.25 billion capital raise.
  • Other company results to watch: Z1P, LNK, FLT, QAN, RRL, GXY, ILU, SFR, GOZ, MSB, HUB, PGL, IFM, SXL, QUB, SSM, and TPG.
  • Commodity stocks are expected to rally again
  • Engineering, construction and developing companies could turbocharge in Queensland as Brisbane has been named as the ‘preferred city’ to host the 2032 Olympic Games.

Trading ideas:

  • Bell Potter upgraded Acrow Formwork & Construction Services’ (ASX:ACF) Buy rating with an increased $0.42 target as ACF continues to benefit from the lift in construction and infrastructure developments.
  • Bell Potter upgraded City Chic Collective’s (ASX:CCX) Buy rating with a price target of $4.60 after the company saw earnings rise more than expected.
  • oOh!media (ASX:OML), Gascoyne Resources (ASX:GCY) and Hastings Technology (ASX:HAS) are all giving off bullish charting signals according to Trading Central.

Morning Bell 12 December

Grady Wulff
December 12, 2023

Morning Bell 11 December

Grady Wulff
December 11, 2023

Weekly Wrap 8 December

Sophia Mavridis
December 8, 2023

Morning Bell 8 December

Sam Kanaan
December 8, 2023

Morning Bell 7 December

Sophia Mavridis
December 7, 2023

Morning Bell 6 December

Sam Kanaan
December 6, 2023

Morning Bell 5 November

Grady Wulff
December 5, 2023

Morning Bell 4 December

Sam Kanaan
December 4, 2023

Weekly Wrap 1 December

Grady Wulff
December 1, 2023

Morning Bell 1 December

Sam Kannan
December 1, 2023

Morning Bell 30 November

Sophia Mavridis
November 30, 2023

Morning Bell 29 November

Grady Wulff
November 29, 2023