Skip to main content

Morning Bell 17 May

Jessica Amir
May 17, 2021

The Aussie share market is set to open higher, with the futures suggesting a 0.7% gain.

Investors continue to buy into tech stocks, after last weeks pull back.

What to watch today:

  • Watch Tech stocks: Afterpay (ASX:APT), Xero (ASX:XRO) and Seek (ASX:SEK).
  • The Iron Ore price continues to pull back. Watch Fortescue Metals Group (ASX:FMG), Magnetite Mines (ASX:MGT), Mineral Resources (ASX:MIN), BCI Minerals (ASX:BCI), and Champion Iron (ASX:CIA).
  • Incitec Pivot Limited (ASX:IPL), Temple & Webster Group  (ASX:TPW) and Elders (ASX:ELD) are set to report today.
  • This week: RBA meeting minutes to be released on Tuesday and Consumer Confidence released on Wednesday. Watch JB Hi-Fi (ASX:JBH), Afterpay (ASX:APT), Harvey Norman (ASX:HVN) and Breville Group (ASX:BRG). In addition, unemployment data will be released on Thursday and April retail sales will be released on Friday.
  • Most traded stocks from Friday included Xero (ASX:XRO) and Woodside Petroleum (ASX:WPL).

Trading Ideas:

  • Bell Potter have reiterated a speculative Buy recommendation on Avita Medical (ASX:AVH), dropping their price target to $10.50.
  • Nick Scali (ASX:NCK), Ansell (ASX:ANN) and Integral Diagnostics (ASX:IDX) are all giving off bullish charting signals according to Trading Central.

Weekly Wrap 15 July

Sophia Mavridis
July 15, 2022

Morning Bell 14 July

Paulina Peters
July 14, 2022

Morning Bell 13 July

Sophia Mavridis
July 13, 2022

Morning Bell 12 July

Paulina Peters
July 12, 2022

Morning Bell 11 July

Sophia Mavridis
July 11, 2022

Weekly Wrap 8 July

Sophia Mavridis
July 8, 2022

Morning Bell 7 July

Paulina Peters
July 7, 2022

Morning Bell 6 July

Sophia Mavridis
July 6, 2022

Morning Bell 5 July

Paulina Peters
July 5, 2022

Morning Bell 4 July

Sophia Mavridis
July 4, 2022

Weekly Wrap 1 July

Sophia Mavridis
July 1, 2022