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 27 October

Jessica Amir
October 27, 2020

Morning Bell 26 October

Jessica Amir
October 26, 2020

Weekly Wrap 23 October

Jessica Amir
October 23, 2020

Morning Bell 23 October

Jessica Amir
October 23, 2020

Morning Bell 22 October

Jessica Amir
October 22, 2020

Morning Bell 21 October

Jessica Amir
October 21, 2020

Morning Bell 20 October

Jessica Amir
October 20, 2020

Morning Bell 19 October

Jessica Amir
October 19, 2020

Weekly Wrap 16 October

Jessica Amir
October 16, 2020

Morning Bell 16 October

Jessica Amir
October 16, 2020

Morning Bell 15 October

Jessica Amir
October 15, 2020