Skip to main content

Morning Bell 29 April

Paulina Peters
April 29, 2021

The Aussie share market is set to open 0.26% higher amid optimism for commodity prices. Apple and Facebook exceeded revenue expectations.

What to watch today:

  • The Oil price rose more than 1% off the back of fuel demand optimism.
  • The Gold price gained as the US dollar and US Treasury yields eased following the Fed keeping rates unchanged.
  • The Copper price hit an all-time high on China demand. Keep an eye on Copper stocks like OZ Minerals (ASX:OZL), and Sandfire Resources (ASX:SFR).
  • Iron ore is trading 0.11% lower but still near the 10-year high while the Nickel price is trading 1.8% higher.
  • Today, both Woolworths (ASX:WOW) and Newcrest Mining (ASX:NCM) are set to release their third quarter updates.
  • Most traded stocks for Bell Direct clients yesterday: CSL (ASX:CSL), Corporate Travel Management (ASX:CTD) and National Australia Bank (ASX:NAB).

 Trading ideas:

  • IT company, Life360 (ASX:360) was reiterated as a Bell Potter BUY, with a $7 price target. This comes off the back of a strong March quarter.
  • Bell Potter also has a BUY rating on health informatics business, Alcidion (ASX:ALC), with an upgraded price target of $0.45, that’s a huge 50% increase
  • RMA Global Holdings (ASX:RMY) is giving off bullish charting signals according to Trading Central.

Market Update

Julia Lee
November 17, 2016

Peter Quinton on Trump’s victory

Bell Direct
November 17, 2016

Bell Potter: Banks post-results review

Bell Direct
November 11, 2016

mFund series: Peters MacGregor

Bell Direct
October 11, 2016

mFund series: RARE Infrastructure

Bell Direct
October 11, 2016

Bell Potter: Five standout stocks

Bell Direct
October 7, 2016

September newsletter Julia’s insights

Julia Lee
September 29, 2016

mFund series – Schroders

Bell Direct
September 26, 2016