Skip to main content

Morning Bell 28 May

Sophia Mavridis
May 28, 2021

US equities advanced overnight following better than expected jobs data.

Yesterday, the major miners pushed the Aussie share market higher, managing to close with a gain, amid Victoria going back into a snap 7-day lockdown.

Today following the US overnight, the Aussie share market is set to open higher this morning, with the futures suggesting the market will rise 0.82% to 7,148 points.

What to watch today:

  • AGMs will be held today for Appen (ASX:APX), InvoCare (ASX:IVC), and Electro Optic Systems (ASX:EOS).
  • Select Harvest (ASX:SHV) are set to report their half year results today.
  • Keep an eye on Qantas (ASX:QAN) as the company continues to back the vaccine rollout. They are considering offering frequent flyer points and travel vouchers as an incentive to get the COVID-19 vaccine.
  • Domino’s Pizza (ASX:DMP) major competitor Pizza Hut owner Yum! Brands, has made a deal to buy Dragontail Systems for $94 million. This could potentially end DMP’s relationship with the tech company, with Domino’s shares falling 4.9% yesterday.
  • The Oil price is up 1.47%, so energy producers could end the week higher. Gold is up 0.02% and Copper is up 3.02%. The Iron Ore price has eased slightly from its record high this month, down 0.25%.

Trading ideas:

  • Bell Potter have reiterated their BUY recommendation on Costa Group Holdings (ASX:CGC) with a $4.60 price target, previously at $5.10.
  • Bell Potter have also reiterated their BUY recommendation on Volpara Health Technology (ASX:VHT), with an unchanged price target of $1.80.
  • Intega Group (ASX:ITG), Mader Group (ASX:MAD) and Bionomics (ASX:BNO) are all giving off bullish charting signals according to Trading Central.

Morning Bell 22 January

Grady Wulff
January 22, 2024

Weekly Wrap 19 January

Sophia Mavridis
January 19, 2024

Morning Bell 19 January

Sam Kanaan
January 19, 2024

Morning Bell 18 January

Grady Wulff
January 18, 2024

Morning Bell 17 January

Grady Wulff
January 17, 2024

Morning Bell 16 January

Grady Wulff
January 16, 2024

Morning Bell 15 January

Sophia Mavridis
January 15, 2024

Weekly Wrap 15 December

Grady Wulff
December 15, 2023

Morning Bell 14 December

Grady Wulff
December 14, 2023

Morning Bell 13 December

Grady Wulff
December 13, 2023