Skip to main content

Morning Bell 5 May

Jessica Amir
May 5, 2021

The Aussie share market is set to pull back 0.4% at the open if you go by the futures, with Tech stocks likely to pull back the most.

What to watch today:

  • Australia and New Zealand Bank (ASX:ANZ) reported results, with shares likely to lift 0.6%. ANZ half year profits rose 45% to $2.9 billion, supported by an improving economic outlook and an increase in loans.
  • The UK Government are planning on easing COVID- 19 restrictions on the 17th of May. Keep an eye on ASX stocks operating in the UK, including Virgin Money (ASX:VUK), which is trading 55% higher this year and is the ASX200’s best performer in 2021.
  • Amcor PLC (ASX:AMC) and Irongate (ASX:IAP) are due to report results today.
  • Bank of Queensland (ASX:BOQ) to go ex- dividend today.
  • Building permits for March are out today with expectations that this they will rise 3%, following the 22% lift in February. Keep an eye on building construction companies like Fletcher (ASX:FBU), CSR Limited (ASX:CSR), Brickworks (ASX:BKW) and Boral (ASX:BLD).
  • The most traded stocks from Bell Direct yesterday: Dexus (ASX:DXS), Afterpay (ASX:APT) and BHP (ASX:BHP).

 Trading ideas:

  • Flight Centre (ASX:FLT) was reiterated as a Bell Potter Buy, albeit with a slimmer $20 price target, that implies 24% upside
  • Graincorp (ASX:GNC), Capral (ASX:CAA) and West African Resources (ASX:WAF) are all giving off bullish charting signals according to Trading Central.

Morning Bell 4 October

Grady Wulff
October 4, 2022

Closing Bell 3 October

Grady Wulff
October 3, 2022

Morning Bell 3 October

Grady Wulff
October 3, 2022

Weekly Wrap 30 September

Grady Wulff
September 30, 2022

Morning Bell 30 September

Sophia Mavridis
September 30, 2022

Closing Bell 29 September

Grady Wulff
September 29, 2022

Morning Bell 29 September

Grady Wulff
September 29, 2022

Morning Bell 28 September

Grady Wulff
September 28, 2022

Closing Bell 27 September

Sophia Mavridis
September 27, 2022

Morning Bell 27 September

Sophia Mavridis
September 27, 2022

Closing Bell 26 September

Grady Wulff
September 26, 2022

Morning Bell 26 September

Grady Wulff
September 26, 2022