Skip to main content

Morning Bell 18 May

Jessica Amir
May 18, 2021

The Aussie share market is set to open higher, the futures suggesting a 0.2% gain.

End of financial year adjustments continue to take place, as investors are moving out of tech and into banking and mining.

What to watch today:

  • The Oil price rose 1%, Gold rose 1.3% and Copper gained 1.3%, while Iron Ore rebounded 2.3%. Watch Aeris Resources (ASX:AIS), BCI Minerals (ASX:BCI) and Zeta Resources (ASX:ZER).
  • James Hardie (ASX:JHX) is set to report company results today.
  • RBA meeting minutes to be released today.
  • The most traded stocks yesterday: Commonwealth Bank (ASX:CBA), Macquarie Group (ASX:MQG), and Afterpay (ASX:APT).

Trading Ideas:

  • Incitec Pivot (ASX:IPL) was upgraded by Citi to a BUY with an increased price target of $2.90.
  • Agriculture and real estate group Elders (ASX:ELD), was upgraded by Citi and Bell Potter. Citi’s 12 month target for (ASX:ELD) is $13.40 and Bell Potter’s new target for (ASX:ELD) is more bullish at $13.75.
  • Westgold Resources (ASX:WGX), BWX (ASX:BWX) and Primewest Group (ASX:PWG) are all giving off bullish charting signals according to Trading Central.

Market Update

Julia Lee
May 30, 2017

Market Update

Julia Lee
May 29, 2017

Market Update

Julia Lee
May 26, 2017

Market Update

Julia Lee
May 24, 2017

Market Update

Julia Lee
May 23, 2017

Market Update

Julia Lee
May 22, 2017

Market Update

Julia Lee
May 19, 2017

XTBs

Bell Direct
May 17, 2017

Market Update

Julia Lee
May 15, 2017

Market Update

Julia Lee
May 12, 2017

Market Update

Julia Lee
May 11, 2017

Market Update

Julia Lee
May 10, 2017