Skip to main content

Morning Bell 19 April

Paulina Peters
April 19, 2021

The Aussie share market is set to extend last week’s advance and start the week higher, with the futures suggesting the market will lift 0.5% to 7,071 points. This takes the market just 1% away from the record set before the pandemic.

 What to watch today:

  • The country’s leaders will be discussing today a reset of the vaccination program, which could lead to people aged over 50 being vaccinated sooner and further mass-vaccination sites opening.
  • The oil price dipped, but still posted a gain for the week. This was driven by optimism over a recovery in demand.
  • Gold miners like Newcrest Mining (ASX:NCM) and Northern Star Resources (ASX:NST) could start the week on a positive note after the Gold price pushed higher on Friday night.
  • Stocks going ex-dividend this week include mining company New Hope Group (ASX:NHC) and investment company Soul Pattinson (ASX:SOL).
  • The most traded stocks last Friday from our active trader desk, Bell Direct Advantage. They were Brainchip (ASX:BRN), Magnetite Mines (ASX:MGT), which both rose about 7% and Oneview (ASX:ONE), up about 2.5%.

Trading ideas:

  • Bell Potter has lifted its price target for Eagers Automotive (ASX:APE) to $16.50, previously $15.50. Bell Potter’s view is that a 2021 PE ratio in the mid to high teens is appropriate for what we can expect to be peak earnings for the company.
  • Adairs (ASX:ADH), Medusa Mining (ASX:MML) and Beach Energy (ASX:BPT) are all giving off bullish charting signals according to Trading Central.

Morning Bell 26 April

Paulina Peters
April 26, 2022

Weekly Wrap 22 April

Sophia Mavridis
April 22, 2022

Morning Bell 21 April

Paulina Peters
April 21, 2022

Morning Bell 20 April

Sophia Mavridis
April 20, 2022

Morning Bell 19 April

Paulina Peters
April 19, 2022

Morning Bell 14 April

Paulina Peters
April 14, 2022

Morning Bell 13 April

Sophia Mavridis
April 13, 2022

Morning Bell 12 April

Paulina Peters
April 12, 2022

Morning Bell 11 April

Sophia Mavridis
April 11, 2022

Weekly Wrap 8 April

Sophia Mavridis
April 8, 2022

Morning Bell 7 April

Paulina Peters
April 7, 2022