Between the Bells

The Aussie share market is eyeing a 0.2% gain at the open as investors continue to focus on positivity and global economies reopening. In the U.S, travel and tourism stocks charged, helping the U.S benchmark indices kick off June on a high. 

Trading ideas for today:

• Bell Potter upgraded Agribusiness Elders' (ASX:ELD) price target to $11.85, after the agriculture reporting season was better than expected.
• UBS today upgraded Adairs' (ASX:ADH) price target by 13% to $2.15. The stock was also recently upgraded by Goldman Sachs as buy with a target of $2.40. 

Investors will be watching Brambles (ASX:BXB), Arena REIT (ASX:ARF) & the RBA meeting today with rates expected to hold at 0.25% given the economy is reopening.

In today's morning bell, Jessica discusses:

• Local markets - (0:00)
• Global markets - (0:13)
• What to watch today - (1:22)
• Trading ideas: Elders (ASX:ELD) - (2:40) & Adairs (ASX:ADH) - (3:06)

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A busy week is on the cards for Australian investors. The RBA is meeting tomorrow with rates to remain on hold, while on Wednesday, first quarter economic data is out for the first time this year, with the market pricing 1.4% growth for the quarter.

The Aussie share market is eyeing a subdued start to June, suggesting a 0.4% fall at the open following a cracking close for May, with the ASX200 up 4.7%, while US equities gained 4%. 

What to watch today:

• Several states have relaxed their restrictions in ACT, Victoria, NSW. NSW pubs, clubs, cafes and restaurants can have up to 50 customers from today, so keep an eye on food and beverage companies like Costa Group (ASX:CGC), Bega (ASX:BGA), Woolworths (ASX:WOW) and Coles (ASX:COL).

Trading ideas for today:

• Citi raised Event Hospitality & Entertainment (ASX:EVT) price target 31% to $9.75 following its 60% gain off its COVID-19 lows.
• Citi downgraded Lovisa (ASX:LOV) to a sell. However it’s a buy for Bell Potter, as the costume jewellery company has a strong balance sheet.
• Bell Potter reiterated breast screening company Volpara Health Technology (ASX:VHT) as a buy.
• Appen (ASX:APX) reaffirmed its calendar year earnings guidance on Friday and Bell Potter and Credit Suisse downgraded the stock to a hold.

The Aussie share market moves out of bear market territory, hitting a 12-week high on news of further government stimulus and COVID-19 human trials kicking off. The Australian government downgraded JobKeeper dependency, seeing UBS increase its economic forecasts.

In this month's wrap, Jessica covers:

• The three key themes that evolved this month (0:52)
• COVID-19's worst performer now shines, Southern Cross Media (ASX:SXL) (1:15)
• Two stocks that charged after oil rebounded 81% (1:54)
• Three strategic ideas for next month (2:45)
• Six trading ideas as online retail is set to surge (5:01)
• Shedding infrastructure and REITs to trade 'working from home' stocks (6:08)

Today the Aussie share market is eyeing a 0.3% fall at the open. The ASX200 closed at a 12 week high yesterday, only 18% off its all time February high.

What to watch today:

• Machine learning & voice recognition company, Appen (ASX:APX) holds its AGM today
• Fruit & vegetable company, Costa Group (ASX:CGC) holds its AGM too
• Private capital borrowing numbers for April
• U.S President Trump's speech later tonight on the U.S-China tensions

Bell Potter trading ideas:

• Bell Potter upgraded Emeco’s (ASX:EHL) price target to $1.52, implying a 40% share price growth after it handed down strong full year earnings estimates despite COVID-19, beating many expectations. 
• Graincorp (ASX:GNC) was reiterated as a buy by Bell Potter, increasing its price target to $4.85, implying a 14% growth from yesterday’s close after Graincorp’s earnings estimates for FY21 remain on the upside.
• WiseTech (ASX:WTC) was reiterated as a sell, with Bell Potter expecting its shares will fall to $17.50. 

In today's morning bell, Jessica covers:

• Global markets - (0:00)
• Local markets - (0:52)
• What to watch today:
• Appen (ASX:APX) - (1:13)
• Costa Group (ASX:CGC) - (1:38)
• Private borrowing data for April - (2:00)
• Bell Potter trading idea: Emeco (ASX:EHL) - (2:22), Graincorp (ASX:GNC) - (2:48) & WiseTech (ASX:WTC) - (3:03)

Aussie share market futures are eyeing a 0.9% lift at the open, following global equities. 

U.S and European markets rallied ahead overnight, despite Hong Kong being threatened as a financial hub and now no longer being autonomous from China.

Trading ideas for today:

• Bell Potter upgraded PointsBet (ASX:PBH) as a speculative buy, with a target of $7.00, implying a 31% share price growth from $5.35. 
• Virgin Money (ASX:VUK) was upgraded by Bell Potter with a $1.90 price target, implying a 4% growth from yesterday’s close. 
• Treasury Wines (ASX:TWE) was reiterated as a UBS buy with a $14.80 price target, implying a 52% growth from its close at $9.69 yesterday. 

Investors will be watching:

• Companies going ex-dividend today - Orica (ASX:ORI), Qualitas (ASX:QRI), TechnologyOne (ASX:TNE) and Investec (ASX:IAP).
• Private capital spending data is out for the first quarter and is expected to fall 2.6% following the prior 2.8% fall.
• Senate Select Committee meeting on COVID-19 in Parliament at 10.00 am AEST

This week, the ASX200 has gained 5.1% and is now 19% off from the February all-time high. But today, the ASX futures point to some profit taking, suggesting a 1.1% fall at the open.

What to watch today:

• ALS (ASX: ALQ) - hands down its full year results
• AGMS: AMA Group (ASX:AMA) & Spark Infrastructure (ASX:SKI)
• Amcor (ASX:AMC) goes ex-dividend
• Aged care companu, Japara Healthcare (ASX:JHC) annoued $270-$300m write down/impairment

Trading ideas for today:

• Bell Potter rated Coca-Cola Amatil (ASX:CCL) as a buy, given its results yesterday and unprecedented cost cutting. 
• Coronado Global Resources Inc (ASX:CRN) was upgraded by Bell Potter given its U.S mines are restarting production on 1 June.

Aussie investors will be looking to see if we can extend our rally with the ASX200 set to rise 0.8% today at the open. If we do, we will technically be almost out of a bear market, as the market would be 20% off its all-time February high. 

Trading ideas for today:

• Bell Potter upgraded City Chic Collective’s (ASX:CCX) price target to $3.40, implying a 21% growth from its $2.82 close price yesterday. 
• Select Harvests (ASX:SHV) delivered half year results with strong crop yield. Select Harvest was reiterated as a buy by UBS and Bell Potter following its half year results. 

All eyes on Coca Cola (ASX:CCL), Unibail Rodamco Westfield (ASX:URL) & Amcor (ASX:AMC).

Aussies shares are eyeing a 1.2% rise at the open going by the futures, despite global equities closing mixed on Friday amid simmering China-U.S tension. 

Two trading ideas for today:

• Bell Potter upgraded NAB (ASX:NAB) from a hold to a buy with a price target of $17.30, implying 12% yearly growth from its $15.32 close price on Friday. 
• Australian Finance Group (AFG) issued over 12 million new shares onto the market following a capital raising and looking at Trading Central’s charts it’s showing more bullish signals.

Investors will be watching:

• Eclipx Group (ASX:ECX)
• China is seeking to impose a National Security law on Hong Kong, which threatens Hong Kong’s future as a regional financial hub. 
• US futures are currently trading higher, suggesting a positive open when Wall Street opens. But if China imposes the law and Hong Kong retaliates, keep an eye on your ASX200, GEAR or BEAR holdings. 

As global COVID-19 restrictions ease, the Aussie share market sees a continuation of its April-May bounce back. The oil price climbs to a 10-week high as drivers once again fire up their engines. Lastly, both U.S and Aussie equities enjoy 10-week highs, rising 3% and 2.7% respectively (Mon-Thu).

In this week’s wrap, Jessica covers:

• Energy sector charges up 8%, while Utilities drag 2% (0:44)
• NRW Holdings (ASX:NWH) sees a 44% uptick following record breaking results, with UBS and Citi backing further growth (0:58)
• Orocobre (ASX:ORE) shoots up 21% as the lithium carbonate price is tipped to shine (1:54)
• Buying the dip: Webjet (ASX:WEB) (2:27)
• The 10 momentum stocks to watch (2:52)
• What could move the market next week? (4:12)
• Bell Potter upgrades Afterpay (ASX:APT) following U.S success (4:31)

Aussies shares are eyeing a hesitant start today after U.S equities ended lower on Thursday, with investors taking profits and Amazon shares falling 2% after hitting an all-time high in the previous session. 

Two trading ideas for today:

• Bell Potter upgraded Afterpay (ASX:APT) with a $51.50 price target after it announced it surpassed 5 million active U.S customers.
• AMA Group (AMA) was reiterated as a Buy by Bell Potter, with a $0.80 price target. 

Investors will be watching: Wesfarmers (ASX:WES), Sydney Airport (ASX:SYD) & Macquarie (ASX:MQG).