Skip to main content

Morning Bell 30 April

Sophia Mavridis
April 30, 2021

US equities had a positive night, with all three of the major indices increasing, with the Dow Jones rising 0.7%.

It comes as better than expected economic news came through, as the US economy grew 6.4% in the first quarter, surpassing expectations of 6.1% growth.

Amazon reported that its profits tripled to $8.1 billion.

What to watch today:

  • Despite US equities closing higher, the Aussie share market is set to open lower ahead of companies reporting their quarterly results.
  • Quarterly earnings are due out for Cimic (ASX:CIM), Genworth Mortgage (ASX:GMA), PointsBet (ASX:PBH) and ResMed (ASX:RMD).
  • AGMs today: AMP (ASX:AMP), Life360 (ASX:360) and Janus Henderson Group (ASX:JHG).
  • Commodity stocks will likely see some activity today, with the Copper price pulling back from its all-time high.
  • Palladium stocks will likely see some further buying activity given the Palladium price hit a record overnight.

Trading ideas:

  • Bell Potter reiterated its BUY recommendation on BCI Minerals (ASX:BCI), increasing its target to $0.57.
  • Bell Potter have also reiterated Straker Translations (ASX:STG) as a BUY with a $2.15 price target, implying about 22% upside in a year.
  • Lastly, bullish charting signals have been identified in Mandrake Resources (ASX:MAN), Qube Holdings (ASX:QUB) and Coles (ASX:COL) according to Trading Central.

Morning Bell 12 December

Bell Direct
December 12, 2019

Morning Bell 10 December

Bell Direct
December 10, 2019

Morning Bell 9 December

Bell Direct
December 9, 2019

Weekly Wrap 6th December

Bell Direct
December 6, 2019

Market Update 4 Dec

Bell Direct
December 4, 2019

Morning Bell 3 December

Bell Direct
December 3, 2019

Market Update 2 December

Bell Direct
December 2, 2019

November Market Overview

Bell Direct
November 29, 2019

Morning Bell 27 November

Bell Direct
November 27, 2019

Morning Bell 26 November

Bell Direct
November 26, 2019

Market Update 22 November

Bell Direct
November 22, 2019