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.

Market Update

Julia Lee
March 31, 2017

Market Update

Julia Lee
March 30, 2017

March Overview

Julia Lee
March 28, 2017

Market Update

Julia Lee
March 27, 2017

Market Update

Julia Lee
March 23, 2017

Market Update

Julia Lee
March 22, 2017

Market Update

Julia Lee
March 20, 2017

Market Update

Julia Lee
March 17, 2017

Market Update

Julia Lee
March 16, 2017

Market Update 15 March 2017

Julia Lee
March 15, 2017

How to review your portfolio

Bell Direct
March 14, 2017