Skip to main content

Morning Bell 5 March

Bell Direct
March 5, 2026

Overnight, Wall St saw a rebound from yesterday’s sell off, as investors fears about surging oil prices and an extended conflict in the Middle East were allayed somewhat. The Dow Jones added 0.5%, the S&P500 gained 0.8%, while the Nasdaq was the biggest winner adding 1.3%, spurred by chip stocks such as Micron and AMD gaining 6%.

What to watch today:

  • Back home, the ASX is set for a similar rebound, after yesterday’s session saw $60 billion erased from its market cap in a 1.9% drop the second worst day since last April’s Liberation Day. The SPI futures indicate the ASX will open 1.1% higher.
  • Moving to some trading ideas for today, Bell Potter have maintained their buy rating on Endeavor Group (ASX:EDV), with a 12 month price target of $4.15, as they believe that market expectations are low for the company’s strategic refresh, leaving room for greater upside potential.
  • They also maintain their buy rating on Genusplus Group (ASX:GNP) with a 12 month price target of $9.50, after the company announced it has entered into an agreement to acquire 100% of Railtrain Holdings Pty Ltd for a total consideration of $55 million, solidifying its track record of strong M&A strategy.
  • Finally ending on some commodities news, which have somewhat stabilised after a few days of heightened volatility.
    • The surging Crude Oil has flattened, trading just 1.8% up at around $75 per barrel, largely due to President Trump’s pledge to deploy the US navy to provide risk insurance for all tankers passing through the Strait of Hormuz.
    • Precious metals have seen similar trends, with Gold up 0.9% to US$5133 per ounce, and silver up 1.5% to US$82 per ounce. Gold especially has seen a conflict of both headwinds and tailwinds of late, as geopolitical uncertainty creates safe haven demand, however a strong US dollar and inflation fears from higher energy costs put downward pressure on the price.

Morning Bell 18 December

Bell Direct
December 18, 2019

Morning Bell 17 December

Bell Direct
December 17, 2019

Morning Bell 16 December

Bell Direct
December 16, 2019

Morning Bell 12 December

Bell Direct
December 12, 2019

Morning Bell 10 December

Bell Direct
December 10, 2019

Morning Bell 9 December

Bell Direct
December 9, 2019

Weekly Wrap 6th December

Bell Direct
December 6, 2019

Market Update 4 Dec

Bell Direct
December 4, 2019

Morning Bell 3 December

Bell Direct
December 3, 2019

Market Update 2 December

Bell Direct
December 2, 2019

November Market Overview

Bell Direct
November 29, 2019