Morning Bell 29 April

Paulina Peters
April 29, 2021

The Aussie share market is set to open 0.26% higher amid optimism for commodity prices. Apple and Facebook exceeded revenue expectations.

What to watch today:

  • The Oil price rose more than 1% off the back of fuel demand optimism.
  • The Gold price gained as the US dollar and US Treasury yields eased following the Fed keeping rates unchanged.
  • The Copper price hit an all-time high on China demand. Keep an eye on Copper stocks like OZ Minerals (ASX:OZL), and Sandfire Resources (ASX:SFR).
  • Iron ore is trading 0.11% lower but still near the 10-year high while the Nickel price is trading 1.8% higher.
  • Today, both Woolworths (ASX:WOW) and Newcrest Mining (ASX:NCM) are set to release their third quarter updates.
  • Most traded stocks for Bell Direct clients yesterday: CSL (ASX:CSL), Corporate Travel Management (ASX:CTD) and National Australia Bank (ASX:NAB).

 Trading ideas:

  • IT company, Life360 (ASX:360) was reiterated as a Bell Potter BUY, with a $7 price target. This comes off the back of a strong March quarter.
  • Bell Potter also has a BUY rating on health informatics business, Alcidion (ASX:ALC), with an upgraded price target of $0.45, that’s a huge 50% increase
  • RMA Global Holdings (ASX:RMY) is giving off bullish charting signals according to Trading Central.

Weekly Wrap 7 May

Jessica Amir
May 7, 2021

Morning Bell 7 May

Sophia Mavridis
May 7, 2021

Morning Bell 6 May

Paulina Peters
May 6, 2021

Morning Bell 5 May

Jessica Amir
May 5, 2021

Morning Bell 4 May

Jessica Amir
May 4, 2021

Morning Bell 3 May

Jessica Amir
May 3, 2021

Weekly Wrap 30 April

Jessica Amir
April 30, 2021

Morning Bell 30 April

Sophia Mavridis
April 30, 2021

Morning Bell 28 April

Jessica Amir
April 28, 2021

Morning Bell 27 April

Jessica Amir
April 27, 2021

Morning Bell 26 April

Jessica Amir
April 26, 2021