Skip to main content

Morning Bell 28 April

Jessica Amir
April 28, 2021

The futures are suggesting a 0.24% gain today for the Aussie share market – moving past two days of selling.

What to watch today:

  • The Aussie dollar has fallen ever so slightly from its three-year high – making our exports slightly cheaper.
  • The iron ore price rose 0.8% overnight to an almost ten-year high. So in theory it should be a good day for iron ore majors, Fortescue Metals (ASX:FMG), BHP (ASX:BHP) and Rio Tinto (ASX:RIO).
  • Our tech sector could end its three day downtrend today following better than expected results – with the US Tech sector notching its biggest revenue jump since 2018.
  • Australia’s inflation numbers are out today.
  • The most traded stocks from yesterday at Bell Direct: Dicker Data (ASX:DDR), CSL (ASX:CSL) & Fortescue Metals (ASX:FMG).

Trading ideas:

  • GR Engineering (ASX:GNG) was upgraded as a Bell Potter Buy with a $1.50 price target after agreeing to buy an automation and technology engineering company.
  • RMA Global (ASX:RMY) was reiterated as a speculative Bell Potter Buy with a $0.38 price target, implying 35% upside.
  • BNK Banking (ASX:BBC), Aquis Entertainment (ASX:AQS) and Base Resources (ASX:BSE) are all giving off bullish charting signals according to Trading Central.

Market Update

Julia Lee
December 22, 2016

Stock Rankings 2017 – Bell Potter

Bell Direct
December 22, 2016

Market Open

Julia Lee
December 21, 2016

Market Update

Julia Lee
December 19, 2016

Market Update

Julia Lee
December 16, 2016

Market Update

Julia Lee
December 15, 2016

Market update 14 December

Julia Lee
December 14, 2016

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