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 11 October

Jessica Amir
October 11, 2021

Weekly Wrap 8 October

Jessica Amir
October 8, 2021

Morning Bell 8 October

Paulina Peters
October 8, 2021

Morning Bell 7 October

Jessica Amir
October 7, 2021

Morning Bell 6 October

Jessica Amir
October 6, 2021

Morning Bell 5 October

Jessica Amir
October 5, 2021

Morning Bell 4 October

Sophia Mavridis
October 4, 2021

Weekly Wrap 1 October

Jessica Amir
October 1, 2021

Morning Bell 1 October

Sophia Mavridis
October 1, 2021

Morning Bell 30 September

Paulina Peters
September 30, 2021

Morning Bell 29 September

Jessica Amir
September 29, 2021