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 18 September

Sam Kanaan
September 18, 2023

Weekly Wrap 15 September

Grady Wulff
September 15, 2023

Morning Bell 15 September

Sam Kanaan
September 15, 2023

Morning Bell 14 September

Grady Wulff
September 14, 2023

Morning Bell 13 September

Grady Wulff
September 13, 2023

Morning Bell 12 September

Sam Kanaan
September 12, 2023

Morning Bell 11 September

Grady Wulff
September 11, 2023

Weekly Wrap 8 September

Grady Wulff
September 8, 2023

Morning Bell 7 September

Sam Kanaan
September 7, 2023

Morning Bell 6 September

Grady Wulff
September 6, 2023

Morning Bell 5 September

Grady Wulff
September 5, 2023