Skip to main content

Morning Bell 16 February

Jessica Amir
February 16, 2021

The ASX200 is eyeing a lift of 0.3% at the open.

The World Health Organisation said global daily COVID-19 have now dropped for 5 straight weeks, and US cases are at their lowest level since October.

Frontline health workers and those in aged care will be the first to receive one of the 162,000 Pfizer COVID-19 vaccines that arrived in Australia yesterday, a part of the 20 million doses Australia ordered.

The RBA minutes will be released today.

Companies reporting:

  • NAB (ASX:NAB) reported quarterly earnings rose 1% to $1.65 billion and unaudited statutory net profit hit $1.7 billion in the December quarter.
  • Breville (ASX:BRG) announced its half year net profit jumped 29% in the half year, supported by strong revenue growth from the shift to working from home (WFH).
  • Adairs (ASX:ADH) half year profit skyrocketed 233% to $43.9m benefiting from WFH, what’s key is online sales now contribute about 40% of group sales.

Local trading ideas:

  • UBS upgraded Altium (ASX:ALU) from a hold to a buy with a $34.00 target.
  • Incitec Pivot (ASX:IPL) was upgraded by UBS with a new $2.85 target.
  • Accent Group (ASX:AX1), ReadCloud (ASX:RCL) and Nickel Mines (ASX:NIC) are giving off bullish charting signals according to Trading Central.

Weekly Wrap 24 August

Julia Lee
August 24, 2018

Market Update 23 August

Julia Lee
August 23, 2018

Weekly Wrap 17 August

Julia Lee
August 17, 2018

Equity Investor 13 August

Julia Lee
August 14, 2018

Equity Investor 6 August

Julia Lee
August 7, 2018

Market Update

Julia Lee
August 2, 2018

Equity Investor

Julia Lee
July 31, 2018

Equity Investor

Julia Lee
July 24, 2018

Market Update

Julia Lee
July 23, 2018

10 favoured stocks

Bell Direct
July 17, 2018