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 20 January

Paulina Peters
January 20, 2022

Morning Bell 19 January

Sophia Mavridis
January 19, 2022

Morning Bell 18 January

Paulina Peters
January 18, 2022

Morning Bell 17 January

Sophia Mavridis
January 17, 2022

Weekly Wrap 14 January

Sophia Mavridis
January 14, 2022

Morning Bell 13 January

Paulina Peters
January 13, 2022

Morning Bell 12 January

Sophia Mavridis
January 12, 2022

Morning Bell 11 January

Paulina Peters
January 11, 2022

Morning Bell 10 January

Sophia Mavridis
January 10, 2022

Thank you & see you in 2022

Sophia Mavridis
December 21, 2021

Morning Bell 17 December

Sophia Mavridis
December 17, 2021

Morning Bell 16 December

Paulina Peters
December 16, 2021