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.

Morning Bell 5 April

Sophia Mavridis
April 5, 2022

Morning Bell 4 April

Sophia Mavridis
April 4, 2022

Weekly Wrap 1 April

Sophia Mavridis
April 1, 2022

Morning Bell 31 March

Paulina Peters
March 31, 2022

Morning Bell 30 March

Sophia Mavridis
March 30, 2022

Morning Bell 29 March

Paulina Peters
March 29, 2022

Morning Bell 28 March

Sophia Mavridis
March 28, 2022

Weekly Wrap 25 March

Sophia Mavridis
March 25, 2022

Morning Bell 24 March

Sophia Mavridis
March 24, 2022

Morning Bell 23 March

Paulina Peters
March 23, 2022

Morning Bell 22 March

Paulina Peters
March 22, 2022