Morning Bell 28 May

Jessica Amir
May 28, 2020

Aussie share market futures are eyeing a 0.9% lift at the open, following global equities.

U.S and European markets rallied ahead overnight, despite Hong Kong being threatened as a financial hub and now no longer being autonomous from China.

Trading ideas for today:

  • Bell Potter upgraded PointsBet (ASX:PBH) as a speculative buy, with a target of $7.00, implying a 31% share price growth from $5.35.
  • Virgin Money (ASX:VUK) was upgraded by Bell Potter with a $1.90 price target, implying a 4% growth from yesterday’s close.
  • Treasury Wines (ASX:TWE) was reiterated as a UBS buy with a $14.80 price target, implying a 52% growth from its close at $9.69 yesterday.

Investors will be watching:

  • Companies going ex-dividend today – Orica (ASX:ORI), Qualitas (ASX:QRI), TechnologyOne (ASX:TNE) and Investec (ASX:IAP).
  • Private capital spending data is out for the first quarter and is expected to fall 2.6% following the prior 2.8% fall.
  • Senate Select Committee meeting on COVID-19 in Parliament at 10.00 am AEST

Weekly Wrap 18 September

Jessica Amir
September 18, 2020

Morning Bell 18 September

Bell Direct
September 18, 2020

Morning Bell 17th September

Jessica Amir
September 17, 2020

Morning Bell 16th September

Jessica Amir
September 16, 2020

Morning Bell 15 September

Jessica Amir
September 15, 2020

Morning Bell 14 September

Jessica Amir
September 14, 2020

Weekly Wrap 11 September

Jessica Amir
September 11, 2020

Morning Bell 11 September

Jessica Amir
September 11, 2020

Morning Bell 10 September

Jessica Amir
September 10, 2020

Morning Bell 9 September

Jessica Amir
September 9, 2020