Skip to main content

Morning Bell 22 February

Jessica Amir
February 22, 2021

The Aussie share market futures are suggesting a 0.2% fall.

Australia’s vaccine rollout begins today and it’s the final hurrah week of reporting season with results out from LendLease Group (ASX:LLC) and NIB Holdings (ASX:NHF) today, plus Afterpay (ASX:APT) and Zip (ASX:Z1P) on Thursday.

Australian wage data is out for the quarter on Wednesday – expected to show wage growth slowed from 1.4% to 1.1% over the year.

What to watch today:

  • Copper – the Copper price rose 3.9% to a new nine-year high on strong Chinese demand – so watch large caps: BHP (ASX:BHP), OZ Minerals (ASX:OZL), Sandfire Resources (ASX:SFR) and in small caps watch: Castillo Copper (ASX:CCZ), Aeris Resources (ASX:AIS) and Hot Chili (ASX:HCH).
  • BlueScope Steel (ASX:BSL) reported its first-half net profit after tax jumped 78% from a year ago, to $330.3m, beating expectations of $311m.
  • Costa Group (ASX:CGC) reported a massive 108% increase in NPAT to $59.4m in 2020, surging past expectations.
  • Other results to watch: BIN, CNU, EVT, GDI, LLC, NHF, NWH, OML, RWC.
  • Keep an eye on some of the most traded stocks from Friday: Pursuit Minerals (ASX:PUR) which gained 32% and Integrated Payment Technologies (ASX:IP1) which fell 28%.

Trading ideas:

  • Citi upgraded QBE Insurance’s (ASX:QBE) Buy rating with an increased $10.95 price target.
  • Bell Potter upgraded Adacel Technologies’ (ASX:ADA) Buy rating with a higher price target of $1.25.
  • Centaurus Metals (ASX:CTM), NRW Holdings (ASX:NWH) and Weebit Nano (ASX:WBT) are giving off bullish charting signals according to Trading Central.

Morning Bell 30 May

Bell Direct
May 30, 2024

Morning Bell 29 May

Bell Direct
May 29, 2024

Morning Bell 28 May

Bell Direct
May 28, 2024

Morning Bell 27 May

Grady Wulff
May 27, 2024

Morning Bell 23 May

Bell Direct
May 23, 2024

Morning Bell 22 May

Grady Wulff
May 22, 2024

Morning Bell 21 May

Sam Kanaan
May 21, 2024

Morning Bell 20 May

Grady Wulff
May 20, 2024

Weekly Wrap 17 May

Sophia Mavridis
May 17, 2024

Morning Bell 16 May

Sam Kanaan
May 16, 2024

Weekly Wrap 10 May

Grady Wulff
May 10, 2024