Skip to main content

Morning Bell 30 April

Sophia Mavridis
April 30, 2021

US equities had a positive night, with all three of the major indices increasing, with the Dow Jones rising 0.7%.

It comes as better than expected economic news came through, as the US economy grew 6.4% in the first quarter, surpassing expectations of 6.1% growth.

Amazon reported that its profits tripled to $8.1 billion.

What to watch today:

  • Despite US equities closing higher, the Aussie share market is set to open lower ahead of companies reporting their quarterly results.
  • Quarterly earnings are due out for Cimic (ASX:CIM), Genworth Mortgage (ASX:GMA), PointsBet (ASX:PBH) and ResMed (ASX:RMD).
  • AGMs today: AMP (ASX:AMP), Life360 (ASX:360) and Janus Henderson Group (ASX:JHG).
  • Commodity stocks will likely see some activity today, with the Copper price pulling back from its all-time high.
  • Palladium stocks will likely see some further buying activity given the Palladium price hit a record overnight.

Trading ideas:

  • Bell Potter reiterated its BUY recommendation on BCI Minerals (ASX:BCI), increasing its target to $0.57.
  • Bell Potter have also reiterated Straker Translations (ASX:STG) as a BUY with a $2.15 price target, implying about 22% upside in a year.
  • Lastly, bullish charting signals have been identified in Mandrake Resources (ASX:MAN), Qube Holdings (ASX:QUB) and Coles (ASX:COL) according to Trading Central.

Morning Bell 9 April

Sam Kanaan
April 9, 2024

Morning Bell 8 April

Grady Wulff
April 8, 2024

Morning Bell 5 April

Sam Kanaan
April 5, 2024

Morning Bell 4 April

Sophia Mavridis
April 4, 2024

Morning Bell 3 April

Grady Wulff
April 3, 2024

Morning Bell 2 April

Sam Kanaan
April 2, 2024

Morning Bell 28 March

Sam Kanaan
March 28, 2024

Morning Bell 27 March

Grady Wulff
March 27, 2024

Morning Bell 26 March

Grady Wulff
March 26, 2024

Morning Bell 25 March

Grady Wulff
March 25, 2024

Weekly Wrap 22 March

Sophia Mavridis
March 22, 2024