Skip to main content

Morning Bell 5 March

Jessica Amir
March 5, 2021

The broad Aussie market is expected to retreat 0.3% or 17 points  –after gaining 1.3% this week.

What to watch today: 

  • Keep an eye on BHP (ASX:BHP) and Rio Tinto (ASX:RIP) – both stocks are in short term breakouts and growing their earnings, which is supported by the commodity rally.
  • The Iron ore price rose 0.5% overnight to US$175, hot on the heels of a 10-year high, and it’s likely to move further north until Vale’s production returns to its normal state.
  • Elsewhere, Gold, Silver and Copper stocks could see some pressure again today as their base metal prices fell sharply for the second day.
  • Keep an eye on some of the most traded stocks from yesterday: BlackEarth Minerals (ASX:BEM) rose 25%, BPH Energy (ASX:BPH) fell 36%, and up and coming rare earth developer Vital Metals (ASX:VML) fell 15%.
  • Services sector data is out today for February expected to show the sector is continuing to slowly grow – keep an eye on pub owners companies like Redcape Hotels (ASX:RDC) and ALE Property Group (ASX:LEP).

Trading ideas:

  • Citi upgraded ARB Holdings (ASX:ARB) with a beefed up target of $45.15 after the business announced its ramping up its European operations.
  • GrainCorp (ASX:GNC) had its Bell Potter Buy rating reiterated with a $5.20 target.
  • Ava Risk Group (ASX:AVA), Motorcycle Holdings (ASX:MTO) and Imdex (ASX:IMD) are all giving off bullish charting signals according to Trading Central.

XTBs

Bell Direct
May 17, 2017

Market Update

Julia Lee
May 15, 2017

Market Update

Julia Lee
May 12, 2017

Market Update

Julia Lee
May 11, 2017

Market Update

Julia Lee
May 10, 2017

Market Update

Julia Lee
May 8, 2017

Market Update

Julia Lee
May 5, 2017

Market Update

Julia Lee
May 4, 2017

Market Update

Julia Lee
May 3, 2017

Market Update

Julia Lee
May 2, 2017

Market Update

Julia Lee
May 1, 2017

Market Update

Julia Lee
April 28, 2017