Skip to main content

Morning Bell 1 March

Jessica Amir
March 1, 2021

A bit of a rebound is on the cards to kick off March. The futures are suggesting the Aussie share market will lift 0.4% at the open.

This comes as the iron ore price rose, while big US tech names rebounded at the weekend, as bond yields retreated from their one-year peak.

What to watch today:

  • Tech stocks are expected to see a bit of excitement and buying the dip action today.
  • Cyclical stocks like banks, energy, mining and industrial companies, could see some extra buying this week.
  • Keep your eye on aged care companies: Estia (ASX:EHE) and Regis (ASX:REG) as the Aged Care Royal Commission is due to hand down about 100 recommendations for the sector today.
  • Commodity stocks will see mixed action today. Oil fell 3% to US$61.50. Gold tumbled 3%. Silver fell 3%. Iron ore rose 0.6% and the coal price rose almost 2%.
  • Eco data out this week: home loan application data for Jan is out today, the RBA meets tomorrow to decide on interest rates & economic growth data for the last quarter of 2020 is out on Wednesday.

Trading ideas:

  • BWX (ASX:BWX) had its Buy rating upgraded by Bell Potter, with an increased $5.40 target. BWX was upgraded factoring in new partnerships, sales agreements, and its increased global presence.
  • UBS reiterated its Buy recommendation on coal giant, Whitehaven Coal (ASX:WHC) with a $2.30 price target. With the stock WHC up 25% in 6-months, and coal prices continuing to recover, UBS sees stronger returns to shareholders.
  • OFX Group (ASX:OFX), Macmahon Holdings (ASX:MAH) and Mortgage Choice (ASX:MOC) are giving off bullish charting signals according to Trading Central.

Morning Bell 29 November

Sophia Mavridis
November 29, 2022

Closing Bell 28 November

Grady Wulff
November 28, 2022

Morning Bell 28 November

Grady Wulff
November 28, 2022

Weekly Wrap 25 November

Grady Wulff
November 25, 2022

Morning Bell 25 November

Sophia Mavridis
November 25, 2022

Closing Bell 24 November

Grady Wulff
November 24, 2022

Morning Bell 24 November

Grady Wulff
November 24, 2022

Closing Bell 23 November

Sophia Mavridis
November 23, 2022

Morning Bell 23 November

Grady Wulff
November 23, 2022

Closing Bell 22 November

Grady Wulff
November 22, 2022