Between the Bells

The Aussie share market is set to fall, with the futures suggesting the market will open 0.1% lower. 

What to watch today: 

• Coal futures are trading at their highest levels since 2018, so keep an eye on Coronado Global Resources (ASX:CRN). 
• Oil stocks will be in focus, gaining 3% to $63.72 a barrel, as a storm in the Gulf of Mexico is expected to restrict supply. 
• Gold stocks are in focus, trading higher for the 7th session. 
• Iron ore rises again to US$200. 
• Elders Limited (ASX:ELD) and Centuria Capital Group (ASX:CNI) go ex-dividend this week. 
• Aristocrat Leisure (ASX:ALL) and Select Harvests (ASX:SHV) set to report company results today.
• In economic news, construction work completed for the quarter is released on Wednesday and private sector spending data is released for the quarter on Thursday.
• Most traded stocks by Bell Direct clients on Friday: Tyro Payments (ASX:TYR), Fortescue Metals Group (ASX:FMG) and Kogan (ASX:KGN).

Trading Ideas: 

• Life360 (ASX:360) has been reiterated as a Buy by Bell Potter with a $7.00 price target. 
• Galan Lithium (ASX:GLN), Empired (ASX:EPD) and Bank of Queensland (ASX:BOQ) are all giving off bullish charting signals according to Trading Central. 

With the end of financial year (EOFY) approaching, investors are rebalancing their portfolios. Quantitative traders watch on as the market teeters on a technical sell signal, which could pull the market back further if activated. 

In this week’s wrap, Jessica covers: 

• (0:25) Two key EOFY considerations
• (1:47) Investors buying the dip, into Tech 
• (2:02) Artificial intelligence giant Appen (ASX:APX) rising 25%
• (2:41) Why it's worth keeping an eye on Aristocrat Leisure (ASX:ALL) & Eagers (ASX:APE)
• (4:32) Economic news to watch out for next week
• (4:45) Trading ideas: Virgin Money (ASX:VUK), Afterpay (ASX:APT)

After a three-day losing streak, US equities made a comeback. Today, following the US, the Aussie share market is set to open higher, with the futures suggesting the market will rise 0.38% to 7,042 points.

What to watch:

• New data from the ABS shows that the Australian economy is in a better than expected economic position post the pandemic, as the unemployment rate fell 5.5%. 
• Results of the Markit Manufacturing PMI and Australian Retail Sales will be released.
• Qantas Airways (ASX:QAN) has announced two year wage freezes and that they’re offering redundancies to their international cabin crew. A few hundred jobs will be cut from Qantas’ international workforce in the hope of recovering from a $16 billion deficit caused my travel restrictions.
• Adelaide Brighton Cement (ASX:ABC), Sydney Airport (ASX:SYD) and Dicker Data (ASX:DDR) hold their AGMs today. 
• The most traded stocks by Bell Direct clients yesterday were: Australia and New Zealand Bank (ASX:ANZ), Macquarie Group (ASX:MQG), and National Australia Bank (ASX:NAB). 
• The Oil price dropped again, it fell 2.24%. So keep an eye on energy producers such as Santos (ASX:STO). The fall comes as traders have been selling oil amid the news of the potential removal of Iranian sanctions on crude oil exports. 
• The Gold price rose 0.41%, Copper is down 1.12% and Iron Ore is down 0.38%. 

Trading ideas:

• Bell Potter has maintained its BUY recommendation on Australian Pharmaceutical Industries (ASX:API), following Pfizer’s decision to revert back to a wholesaler distribution model later this year, with an unchanged price target of $1.50. 
• Codan (ASX:CDA), Cash Converters International (ASX:CCV) and Shaver Shop Group (ASX:SSG) are all giving off bullish charting signals, according to Trading Central. 

It was a wild session overnight on Wall Street after the Bitcoin price plunged causing Tech shares to come under pressure. 

Despite Wall Street’s fall, the Aussie share market is set to open slightly higher, with the futures suggesting the market will lift 0.06%.  

What to watch today:

• Unemployment data will be released this morning, with the market expecting the unemployment rate to hold at 5.6%, the lowest rate since April 2020. Given the expiry of JobKeeper and seasonal adjustment factors, it’s believed that there is a higher-than-usual risk of an unexpected outcome in this jobs result. 
• Company results out today include Auckland International Airport (ASX:AIA), Infratil (ASX:IFT), Serko (ASX:SKO), United Malt Group (ASX:UMG) and Webjet (ASX:WEB). 
• Today, Eagers Automotive (ASX:APE) and G8 Education (ASX:GEM) hold their AGMs.
• The Oil price dropped more than 3% off the back of renewed demand concerns as COVID-19 cases in Asia rise, and fears of rising inflation continue.
• The Gold price retreated as the dollar and US Treasury yields rose. 
• The most traded stocks by Bell Direct clients yesterday: Macquarie (ASX:MQG), Vanguard Australian Shares Index ETF (ASX:VAS) and ANZ Bank (ASX:ANZ).

Trading ideas:

• Bell Potter has increased artificial intelligence company, Appen’s (ASX:APX) price target by 8% to $14.25, which is an 8% premium to the share price and they maintain its Hold recommendation. 
• Bell Potter have updated their view on Helloworld Travel (ASX:HLO), reducing their price target from $2.60 to $1.95, and its Hold rating remaining unchanged. 
• Vita Group (ASX:VTG), Aurelia Metals (ASX:AMI) and Talga Group (ASX:TLG) are all giving off bullish charting signals according to Trading Central.  

 The Aussie share market is set to open 1.1% lower, following Wall Street overnight. 

The Australia government pushes for reusable, recyclable and compostable plastics. 

What to watch today: 

• Resolute Mining (ASX:RSG) is the best performer in the ASX200 this month, up 29%.
• Watch iron ore as China plans to set up exploration and production facilities. Iron ore stocks have been trading at a record high. Watch Fortescue Metals (ASX:FMG), Mineral Resources (ASX:MIN), Magnetite Mines (ASX:MGT), Aeris Resources (ASX:AIS) and BCI Minerals (ASX:BCI). 
• The Federal Government greenlighted a $600 million Gas fired power station to be built in the NSW Hunter Valley, so keep an eye on AGL Energy (ASX:AGL).
• The Australian Government wants all plastics to be reusable, recyclable or compostable by 2025. So keep an eye on packing stocks like Amcor PLC (ASX:AMC), Orora (ASX:ORA), Pact Group Holdings (ASX:PGH) and Pro- pac Packaging (ASX:PPG). 
• US President Joe Biden is pushing for electric-vehicle production. A $174 billion EV plan is urging automakers to build zero-emission vehicles in the US.
• Webjet (ASX:WEB) to report company results today.
• AGMs being held today: A.P. Eagers Limited (ASX:APE) and G8 Education (ASX:GEM).
• In economic news, consumer confidence will be released at 11:30am AEST. 
• The most traded stocks yesterday: Nuix (ASX:NXL), Kincore Copper (ASX:KCC) and Macquarie Group (ASX:MQG).

Trading Ideas: 

• Bell Potter have upgraded their recommendation on Lovisa Holdings (ASX:LOV) to a BUY, with a $15.50 price target. 
• Medusa Mining (ASX:MML), Virgin Money (ASX:VUK), and Empired (ASX:EPD) are all giving off bullish charting signals according to Trading Central. 

The Aussie share market is set to open higher, the futures suggesting a 0.2% gain. 

End of financial year adjustments continue to take place, as investors are moving out of tech and into banking and mining.

What to watch today: 

• The Oil price rose 1%, Gold rose 1.3% and Copper gained 1.3%, while Iron Ore rebounded 2.3%. Watch Aeris Resources (ASX:AIS), BCI Minerals (ASX:BCI) and Zeta Resources (ASX:ZER).
• James Hardie (ASX:JHX) is set to report company results today.
• RBA meeting minutes to be released today. 
• The most traded stocks yesterday: Commonwealth Bank (ASX:CBA), Macquarie Group (ASX:MQG), and Afterpay (ASX:APT). 

Trading Ideas: 

• Incitec Pivot (ASX:IPL) was upgraded by Citi to a BUY with an increased price target of $2.90.
• Agriculture and real estate group Elders (ASX:ELD), was upgraded by Citi and Bell Potter. Citi’s 12 month target for (ASX:ELD) is $13.40 and Bell Potter’s new target for (ASX:ELD) is more bullish at $13.75.
• Westgold Resources (ASX:WGX), BWX (ASX:BWX) and Primewest Group (ASX:PWG) are all giving off bullish charting signals according to Trading Central. 

The Aussie share market is set to open higher, with the futures suggesting a 0.7% gain. 

Investors continue to buy into tech stocks, after last weeks pull back. 

What to watch today: 

• Watch Tech stocks: Afterpay (ASX:APT), Xero (ASX:XRO) and Seek (ASX:SEK).
• The Iron Ore price continues to pull back. Watch Fortescue Metals Group (ASX:FMG), Magnetite Mines (ASX:MGT), Mineral Resources (ASX:MIN), BCI Minerals (ASX:BCI), and Champion Iron (ASX:CIA).
• Incitec Pivot Limited (ASX:IPL), Temple & Webster Group  (ASX:TPW) and Elders (ASX:ELD) are set to report today. 
• This week: RBA meeting minutes to be released on Tuesday and Consumer Confidence released on Wednesday. Watch JB Hi-Fi (ASX:JBH), Afterpay (ASX:APT), Harvey Norman (ASX:HVN) and Breville Group (ASX:BRG). In addition, unemployment data will be released on Thursday and April retail sales will be released on Friday. 
• Most traded stocks from Friday included Xero (ASX:XRO) and Woodside Petroleum (ASX:WPL).

Trading Ideas: 

• Bell Potter have reiterated a speculative Buy recommendation on Avita Medical (ASX:AVH), dropping their price target to $10.50. 
• Nick Scali (ASX:NCK), Ansell (ASX:ANN) and Integral Diagnostics (ASX:IDX) are all giving off bullish charting signals according to Trading Central. 

Despite the Aussie share market falling 1.4% Monday to Thursday, the market is trading 7% higher so far this year. As the economy shifts further into expansion phase, interest rate fears have seen investors continue to rotate out of Tech and hunt for new opportunities. 
 
 In this week’s wrap, Jessica covers:  

• (0:40) Why investors may continue to move out of Tech
• (1:18) What to expect in this economic growth phase
• (1:49) The companies investors are avoiding
• (2:47) 17 stocks that could benefit from the Federal Budget
• (5:05) How 'time in the market, not timing the market' stands up in 2021 

Following US equities rise overnight, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.67% or 7021 points. 

What to watch:

• Recce Pharmaceuticals (ASX:RCE) is set to report their 3Q21 Earnings today. 
• The Oil price dropped 3.51%. The decline comes after concerns around the demand from India, amid the current wave of COVID-19 infections, as well as the hacking of the Colonial Pipeline in the US. 
• The Gold price bounced off a one-week low, rising 0.62%, so keep an eye on Gold miners like Newcrest Mining (ASX:NCM) and Resolute Mining (ASX:RSG). 
• Copper is down 1.09% while Iron Ore plunged 2.9% after China cautioned on commodity prices. 
• The most traded stocks by Bell Direct clients yesterday were CSL (ASX:CSL), Telstra (ASX:TLS), and Australia and New Zealand Bank (ASX:ANZ). And for advised clients, the most traded stocks were Xero (ASX:XRO), BetaShares Active Australian Hybrids Fund (ASX:HBRD) and Vanguard Australian Shares Index ETF (ASX:VAS). 

Trading ideas:

• Bell Potter has reiterated their Buy recommendation on GrainCorp (ASX:GNC), maintaining a $6.20 price target. GrainCorp closed yesterday at $5.43, implying a 14.2% share price growth in the year.
• Alliance Aviation Services (ASX:AQZ), Ava Risk Group (ASX:AVA) and People Infrastructure (ASX:PPE) are all giving off bullish charting signals according to Trading Central. 

The Aussie share market is set to open lower, with the futures suggesting a 0.4% fall. The Aussie tech sector is following the US. 

What to watch today:

• The iron ore price surged 1.4% overnight to US$218.
• NAB (ASX:NAB) and Westpac (ASX:WBC) go ex-dividend today, along with Pendal (ASX:PDL).
• New home sale data is out today for April from the Housing Industry Association (HIA).
• The most traded stocks by Bell Direct clients yesterday: Flight Centre (ASX:FLT), NAB (ASX:NAB), Aeris Resources  (ASX:AIS), Zip Co (ASX:Z1P) 

Trading ideas:

• Watch Virgin Money (ASX:VUK) as UK restrictions ease this weekend and the UK economy is picking up.
• Telstra (ASX:TLS) and Mader (ASX:MAD), both Bell Potter Buy stocks, and Jupiter Mines (ASX:JMS) are all giving off bullish signals according to Trading Central.