Skip to main content

Morning Bell 3 May

Jessica Amir
May 3, 2021

The Aussie share market is set to open lower with the futures suggesting a 0.1% slip. It’s a big week for economic news with banks set to report earnings results.

What to watch today:

  • Westpac (ASX:WBC) reported their half year results this morning with statutory net profit of $3.4 billion.
  • ANZ Bank (ASX:ANZ) reports on Wednesday and National Australia Bank (ASX:NAB) reports on Thursday.
  • Commonwealth Bank (ASX:CBA) to provide quarterly update the following week.
  • Watch earnings results from Amcor (ASX:AMC) and Pendal (ASX:PDL) this week.
  • AGMs to be held for QBE Insurance (ASX:QBE), Rio Tinto (ASX:RIO) and Goodman Group (ASX:GMG).
  • Commodity stocks are likely to see activity today: Oil price fell 2% on the weekend, and the Iron Ore price is up 0.2% overnight, its highest level in almost 10 years.
  • Most traded stocks from Bell Direct on Friday: Sydney Airport (ASX:SYD), Qantas (ASX:QAN) and Flight Centre (ASX:FLT). Advised clients traded Magellan Global Fund (ASX:MGF).

Trading ideas:

  • Bubs Australia Ltd (ASX:BUB) is a speculative Bell Potter HOLD, trading at a year low and on a downtrend.
  • Pointsbet (ASX:PBH), Super Retail Group (ASX;SUL) and Enero Group (ASX:EGG) are all giving off bullish charting signals according to Trading Central.

Morning Bell 23 April

Jessica Amir
April 23, 2020

Market Update 22 April

Jessica Amir
April 22, 2020

Market Update 21 April

Jessica Amir
April 21, 2020

Market Update 20 April

Jessica Amir
April 20, 2020

Weekly Wrap 17 April

Jessica Amir
April 17, 2020

Market Update 17 April

Jessica Amir
April 17, 2020

Market Update 16 April

Jessica Amir
April 16, 2020

Morning Bell 15 April

Jessica Amir
April 15, 2020

Market Update 9 April

Jessica Amir
April 9, 2020

Weekly Wrap 9 April

Jessica Amir
April 9, 2020

Market Update 8 April

Jessica Amir
April 8, 2020

Morning Bell 7 April

Jessica Amir
April 7, 2020