Skip to main content

Morning Bell 5 May

Jessica Amir
May 5, 2021

The Aussie share market is set to pull back 0.4% at the open if you go by the futures, with Tech stocks likely to pull back the most.

What to watch today:

  • Australia and New Zealand Bank (ASX:ANZ) reported results, with shares likely to lift 0.6%. ANZ half year profits rose 45% to $2.9 billion, supported by an improving economic outlook and an increase in loans.
  • The UK Government are planning on easing COVID- 19 restrictions on the 17th of May. Keep an eye on ASX stocks operating in the UK, including Virgin Money (ASX:VUK), which is trading 55% higher this year and is the ASX200’s best performer in 2021.
  • Amcor PLC (ASX:AMC) and Irongate (ASX:IAP) are due to report results today.
  • Bank of Queensland (ASX:BOQ) to go ex- dividend today.
  • Building permits for March are out today with expectations that this they will rise 3%, following the 22% lift in February. Keep an eye on building construction companies like Fletcher (ASX:FBU), CSR Limited (ASX:CSR), Brickworks (ASX:BKW) and Boral (ASX:BLD).
  • The most traded stocks from Bell Direct yesterday: Dexus (ASX:DXS), Afterpay (ASX:APT) and BHP (ASX:BHP).

 Trading ideas:

  • Flight Centre (ASX:FLT) was reiterated as a Bell Potter Buy, albeit with a slimmer $20 price target, that implies 24% upside
  • Graincorp (ASX:GNC), Capral (ASX:CAA) and West African Resources (ASX:WAF) are all giving off bullish charting signals according to Trading Central.

Morning Bell 6 February

Grady Wulff
February 6, 2024

Morning Bell 5 February

Sam Kanaan
February 5, 2024

Weekly Wrap 2 February

Grady Wulff
February 2, 2024

Morning Bell 2 February

Sam Kanaan
February 2, 2024

Morning Bell 1 February

Sam Kanaan
February 1, 2024

Morning Bell 31 January

Grady Wulff
January 31, 2024

Morning Bell 30 January

Grady Wulff
January 30, 2024

Morning Bell 29 January

Grady Wulff
January 29, 2024

Morning Bell 25 January

Sam Kanaan
January 25, 2024

Morning Bell 24 January

Grady Wulff
January 24, 2024

Morning Bell 23 January

Grady Wulff
January 23, 2024

Morning Bell 22 January

Grady Wulff
January 22, 2024