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.

Weekly Wrap 23 August

Bell Direct
August 23, 2024

Morning Bell 22 August

Grady Wulff
August 22, 2024

Morning Bell 21 August

Bell Direct
August 21, 2024

Morning Bell 20 August

Bell Direct
August 20, 2024

Morning Bell 19 August

Bell Direct
August 19, 2024

Weekly Wrap 16 August

Bell Direct
August 16, 2024

Morning Bell 15 August

Bell Direct
August 15, 2024

Morning Bell 14 August

Grady Wulff
August 14, 2024

Morning Bell 13 August

Bell Direct
August 13, 2024

Morning Bell 12 August

Grady Wulff
August 12, 2024