Skip to main content

Morning Bell 28 April

Jessica Amir
April 28, 2021

The futures are suggesting a 0.24% gain today for the Aussie share market – moving past two days of selling.

What to watch today:

  • The Aussie dollar has fallen ever so slightly from its three-year high – making our exports slightly cheaper.
  • The iron ore price rose 0.8% overnight to an almost ten-year high. So in theory it should be a good day for iron ore majors, Fortescue Metals (ASX:FMG), BHP (ASX:BHP) and Rio Tinto (ASX:RIO).
  • Our tech sector could end its three day downtrend today following better than expected results – with the US Tech sector notching its biggest revenue jump since 2018.
  • Australia’s inflation numbers are out today.
  • The most traded stocks from yesterday at Bell Direct: Dicker Data (ASX:DDR), CSL (ASX:CSL) & Fortescue Metals (ASX:FMG).

Trading ideas:

  • GR Engineering (ASX:GNG) was upgraded as a Bell Potter Buy with a $1.50 price target after agreeing to buy an automation and technology engineering company.
  • RMA Global (ASX:RMY) was reiterated as a speculative Bell Potter Buy with a $0.38 price target, implying 35% upside.
  • BNK Banking (ASX:BBC), Aquis Entertainment (ASX:AQS) and Base Resources (ASX:BSE) are all giving off bullish charting signals according to Trading Central.

Morning Bell 30 November

Paulina Peters
November 30, 2020

Weekly Wrap 27 November

Jessica Amir
November 27, 2020

Morning Bell 27 November

Jessica Amir
November 27, 2020

Morning Bell 26 November

Jessica Amir
November 26, 2020

Morning Bell 25 November

Jessica Amir
November 25, 2020

Morning Bell 24 November

Jessica Amir
November 24, 2020

Morning Bell 23 November

Jessica Amir
November 23, 2020

Weekly Wrap 20 November

Jessica Amir
November 20, 2020

Morning Bell 20 November

Jessica Amir
November 20, 2020

Morning Bell 18 November

Jessica Amir
November 18, 2020

Morning Bell 17 November

Jessica Amir
November 17, 2020