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 29 July

Sophia Mavridis
July 29, 2022

Morning Bell 28 July

Paulina Peters
July 28, 2022

Morning Bell 27 July

Paulina Peters
July 27, 2022

Morning Bell 26 July

Sophia Mavridis
July 26, 2022

Morning Bell 25 July

Sophia Mavridis
July 25, 2022

Weekly Wrap 22 July

Sophia Mavridis
July 22, 2022

Morning Bell 21 July

Paulina Peters
July 21, 2022

Morning Bell 20 July

Sophia Mavridis
July 20, 2022

Morning Bell 19 July

Paulina Peters
July 19, 2022

Morning Bell 18 July

Sophia Mavridis
July 18, 2022

Weekly Wrap 15 July

Sophia Mavridis
July 15, 2022

Morning Bell 14 July

Paulina Peters
July 14, 2022