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.

Weekly Wrap 25 June

Jessica Amir
June 25, 2021

Morning Bell 25 June

Sophia Mavridis
June 25, 2021

Morning Bell 24 June

Paulina Peters
June 24, 2021

Morning Bell 23 June

Jessica Amir
June 23, 2021

Morning Bell 22 June

Jessica Amir
June 22, 2021

Morning Bell 21 June

Jessica Amir
June 21, 2021

Weekly Wrap 18 June

Jessica Amir
June 18, 2021

Morning Bell 18 June

Jessica Amir
June 18, 2021

Morning Bell 17 June

Sophia Mavridis
June 17, 2021

Morning Bell 16 June

Jessica Amir
June 16, 2021