Skip to main content

Morning Bell 27 April

Jessica Amir
April 27, 2021

The Aussie market is set to open 0.1% higher. For the month of April, the Tech sector is up the most while Energy underperforms.

What to watch:

  • South32 (ASX:S32) doubled its cash in the March quarter while it reported record alumina from Brazil and Australian Manganese year to date.
  • Bingo (ASX:BIN) agreed to a takeover by Macquarie (ASX:MGQ) for $3.45 per year, minus a $11.70 dividend.
  • Perth exits its lockdown today and the Federal Government will review Australia’s COVID-19 vaccine rollout.
  • The Australian dollar is trading at its highest level since February this year, which is making our exports more expensive.
  • Expect tax loss selling as the end of the financial year approaches. Selling to mount stocks that heavily underperformed, including The a2 Milk Company (ASX:A2M), Mesoblast (ASX: MSB), financial stocks IOOF (ASX:IFL) and Origin Energy (ASX:ORG), and energy companies AGL Energy (ASX:AGL) and Kogan (ASX:KGN).
  • The most traded stocks from Bell Direct yesterday: Dicker Data (ASX:DDR), Van Eck Vectors Gold Miners ETF (ASX:GDX) and Galaxy Resources (ASX:GXY).

Trading Ideas:

  • Doctor Care Anywhere (ASX:DOC) was restamped as a Bell Potter Buy stock with a $1.95 price target after it reported record revenue.
  • Emeco Holdings (ASX:EHL) also reiterated as a Bell Potter Buy, with a $1.50 price target.
  • Rhythm Biosciences (ASX:RHY), Loneer (ASX:INR) and Capral (ASX:CAA) are all giving off bullish charting signals according to Trading Central.

Market Update

Julia Lee
December 12, 2016

Market Update

Julia Lee
December 5, 2016

Market Update

Julia Lee
December 2, 2016

Market Update

Julia Lee
December 1, 2016

2016 Overview

Julia Lee
November 28, 2016

Market Update

Julia Lee
November 17, 2016

Peter Quinton on Trump’s victory

Bell Direct
November 17, 2016

Bell Potter: Banks post-results review

Bell Direct
November 11, 2016

mFund series: Peters MacGregor

Bell Direct
October 11, 2016

mFund series: RARE Infrastructure

Bell Direct
October 11, 2016