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.

Morning Bell 28 February

Grady Wulff
February 28, 2024

Morning Bell 27 February

Grady Wulff
February 27, 2024

Morning Bell 26 February

Grady Wulff
February 26, 2024

Weekly Wrap 23 February

Grady Wulff
February 23, 2024

Morning Bell 22 February

Sam Kanaan
February 22, 2024

Morning Bell 21 February

Grady Wulff
February 21, 2024

Morning Bell 20 February

Grady Wulff
February 20, 2024

Morning Bell 19 February

Grady Wulff
February 19, 2024

Weekly Wrap 16 February

Sophia Mavridis
February 16, 2024

Morning Bell 16 February

Sam Kanaan
February 16, 2024