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.

Market Update

Julia Lee
September 22, 2017

Market Update

Julia Lee
September 21, 2017

Market Update 18 September 2017

Julia Lee
September 18, 2017

Market Update

Julia Lee
September 13, 2017

Market Update

Julia Lee
September 12, 2017

Market Update

Julia Lee
September 11, 2017

Market Update

Julia Lee
September 8, 2017

Market Update

Julia Lee
September 7, 2017

Market Update

Julia Lee
September 5, 2017

Market Update

Julia Lee
September 4, 2017

Market Update

Julia Lee
September 1, 2017