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.

DomaCom IPO – CEO interview

Bell Direct
July 21, 2016

How to Trade ETFs: Peter Harper

Bell Direct
July 21, 2016

Market Update 20 July

Julia Lee
July 20, 2016

Technical Insights – Trailing Stops

Bell Direct
July 18, 2016

Market Update 18 July

Julia Lee
July 18, 2016

Market Update 15 July

Julia Lee
July 15, 2016

Market Update 14 July

Julia Lee
July 14, 2016

Market Update 13 July

Julia Lee
July 13, 2016