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.

Weekly Wrap 10 November

Sophia Mavridis
November 10, 2023

Morning Bell 10 November

Sam Kanaan
November 10, 2023

Morning Bell 9 November

Sophia Mavridis
November 9, 2023

Morning Bell 8 November

Sam Kanaan
November 8, 2023

Morning Bell 7 November

Sophia Mavridis
November 7, 2023

Morning Bell 6 November

Sam Kanaan
November 6, 2023

Weekly Wrap 3 November

Grady Wulff
November 3, 2023

Morning Bell 3 November

Sam Kanaan
November 3, 2023

Morning Bell 2 November

Grady Wulff
November 2, 2023

Morning Bell 1 November

Sam Kanaan
November 1, 2023

Morning Bell 31 October

Sam Kanaan
October 31, 2023

Morning Bell 30 October

Grady Wulff
October 30, 2023