Skip to main content

Morning Bell 28 May

Jessica Amir
May 28, 2020

Aussie share market futures are eyeing a 0.9% lift at the open, following global equities.

U.S and European markets rallied ahead overnight, despite Hong Kong being threatened as a financial hub and now no longer being autonomous from China.

Trading ideas for today:

  • Bell Potter upgraded PointsBet (ASX:PBH) as a speculative buy, with a target of $7.00, implying a 31% share price growth from $5.35.
  • Virgin Money (ASX:VUK) was upgraded by Bell Potter with a $1.90 price target, implying a 4% growth from yesterday’s close.
  • Treasury Wines (ASX:TWE) was reiterated as a UBS buy with a $14.80 price target, implying a 52% growth from its close at $9.69 yesterday.

Investors will be watching:

  • Companies going ex-dividend today – Orica (ASX:ORI), Qualitas (ASX:QRI), TechnologyOne (ASX:TNE) and Investec (ASX:IAP).
  • Private capital spending data is out for the first quarter and is expected to fall 2.6% following the prior 2.8% fall.
  • Senate Select Committee meeting on COVID-19 in Parliament at 10.00 am AEST

Beston Global Food Company Interview

Bell Direct
August 28, 2015

Bell Direct Insights: Richard Hemming

Bell Direct
August 24, 2015

Bell Potter video: Bank sector update

Bell Direct
August 14, 2015

Agricultural Sector Review

Bell Direct
August 3, 2015

Peter Quinton: three REITs

Bell Direct
July 23, 2015

Contango CIO interview

Bell Direct
July 17, 2015

Julia Lee on mFunds

Bell Direct
July 6, 2015

Livewire Live

Bell Direct
June 29, 2015