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Morning Bell 26 May

Jessica Amir
May 26, 2020

Aussie investors will be looking to see if we can extend our rally with the ASX200 set to rise 0.8% today at the open. If we do, we will technically be almost out of a bear market, as the market would be 20% off its all-time February high.

Trading ideas for today:

  • Bell Potter upgraded City Chic Collective’s (ASX:CCX) price target to $3.40, implying a 21% growth from its $2.82 close price yesterday.
  • Select Harvests (ASX:SHV) delivered half year results with strong crop yield. Select Harvest was reiterated as a buy by UBS and Bell Potter following its half year results.

All eyes on Coca Cola (ASX:CCL), Unibail Rodamco Westfield (ASX:URL) & Amcor (ASX:AMC).