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.

Livewire Markets & Bell Direct partnership

Arnie Selvarajah
September 20, 2019

Platinum Global Fund

Bell Direct
August 23, 2019

Bell Global Emerging Companies Fund

Bell Direct
August 23, 2019

June Market Overview

Julia Lee
July 11, 2019

May Market Overview

Julia Lee
May 31, 2019

April Market Overview

Julia Lee
April 29, 2019

Investing in ETFs

Bell Direct
April 17, 2019

March Market Overview

Julia Lee
March 28, 2019

Investing in Alternatives

Julia Lee
March 1, 2019