Between the Bells

Aussie shares are eyeing a 0.6% gain at the open, which means we could rise for the 5th straight day extending that new 6-week high set yesterday.

Records have been broken on Wall Street with Facebook and Amazon shares soaring to all-time highs. 

A trading idea for today, Bell Potter has Australian Agricultural Co (ASX:AAC), as a buy with a price target of $1.40, implying a 26% share price growth in a year from yesterday’s close of $1.11. 

Investors will be watching Aristocrat (ASX:ALL) & the pre-release Manufacturing and Services industry data that is out for May, which could move markets.

In today's morning bell, Jessica covers:

• Global markets - (0:01)
• Local markets - (0:40)

What to watch:

• Aristocrat (ASX:ALL) - (0:52)
• Manufacturing and Services data for May - (2:04)
• Bell Potter trading idea: Australian Agricultural Co (ASX:AAC) - (2:32)

Aussie equities yesterday popped to a 6-week high after gaining 1.8%, which saw the ASX200 settle 22% up from its March low. But today it looks like some of those profits will be trimmed as Aussie futures suggest a 1.5% fall at the open.

It comes as US shares fell into the red in the final hour of trade on the back of news reports that raised concerns about a potential COVID-19 vaccine from Moderna.

A trading idea for today, Bell Potter reiterated Avita Medical (ASX:AVH) as a speculative BUY, with a price target of $0.81, implying a 78% share price growth in a year from yesterday’s close of $0.455. 

Investors will be watching BHP (ASX:BHP), Fortescue Metals group (ASX:FMG), Rio Tinto (ASX:RIO), Sydney Airport (ASX:SYD) & Australian Agricultural Co (ASX:AAC). 

In today's morning bell, Jessica covers:

• Local Markets - (0:02)
• Corporate News - (0:35)
• Global Markets - (1:12)

What to watch:

• Australia's iron ore majors - (1:50)
• Sydney Airport (ASX:SYD) - (2:16)
• Australian Agricultural Co (ASX:AAC) - (2:27)
• Bell Potter trading idea: Avita Medical (ASX:AVH) - (2:59)

Aussie equities are set to set for a cracking trading day if you go by the futures, which are suggesting a 2% lift at the open.

The three keys reasons are:

1. Moderna, another U.S company, is close to a COVID-19 vaccine after its trial treated 45 people.
2. The U.S central bank chair said he was “highly confident” the economy will claw back from its pullback, but warned it may not fully recover until a COVID-19 vaccine is complete.
3. The Chinese President vowed to share a COVID-19 vaccine once it’s available, he also pledged $2 billion towards the fight and also backed the World Health Organisation.

A trading idea for today, Bell Potter bumped up its price target for the agri-business Elders (ASX:ELD) to $11.75, implying a 14% share price growth in a year from yesterday’s close of $10.34. 

Investors will be watching: James Hardie Industries (ASX:JHX), OFX Group (ASX:OFX), TechnologyOne (ASX:TNE), Adelaide Brighton (ASX:ABC), Atlas Arteria Group (ASX:ALX) & the RBA's meeting minutes.

In today's morning bell, Jessica covers:

• Local market - (0:03)
• Global markets - (0:47)

What to watch today:

• James Hardie Industries (ASX:JHX) - (1:38)
• OFX Group (ASX:OFX) - (1:38)
• TechnologyOne (ASX:TNE) - (1:44)
• Adelaide Brighton (ASX:ABC) - (1:48)
• Atlas Arteria Group (ASX:ALX) - (1:48)
• The RBA's meeting minutes - (1:55)
• Bell Potter trading idea: Elders (ASX:ELD) - (2:14)
• ETFs - (2:56)

Aussie equities are set to start the trading week in the right direction, with the futures eyeing a 0.6% lift at the open.

A trading idea for today, Bell Potter reiterated Cyclopharm (ASX:CYC) as a buy with a $1.77 price target, implying a 31% share price growth in a year from Friday's close of $1.35. 

Investors will be watching Auckland International Airport (ASX:AIA) & Ramsay Health Care (ASX:RHC).

In today's morning bell, Jessica covers:

• Aussie futures (0:05)
• Overseas markets (0:26)

What to watch today:

• Auckland Health Care (ASX:AIA) (1:00)
• Ramsay Health Care (ASX:RHC) (1:36)
• A 'recovery steadily' later this year for the US economy (2:11)
• Bell Potter trading idea: Cyclopharm (ASX:CYC) (2:31)

The Aussie share market was eyeing a 0.9% gain at the open, but will need to rise 1.2% to claw back Monday to Thursday’s fall.

Milestones were reached overnight as the oil price saw its biggest jump in 2-weeks with U.S stockpiles falling while demand creeps ahead.

A trading idea for today, Bell Potter rose GrainCorp's (ASX:GNC) price target to $4.20, implying a 14% share price growth in a year from yesterday’s close of $3.67.  

All eyes on Unibail-Rodamco-Westfield (ASX:URW), Star Entertainment (ASX:SGR),  Coca-Cola (ASX:CCL), the iron-ore price, a new round of economic stimulus in the U.S & U.S retail sales numbers for April.

The Aussie share market futures are suggesting a fall of 1% at the open. Traders will absorb U.S and European equities pairing back and falling into the red, while the oil and gold price pushed ahead overnight.

A trading idea for today, Bell Potter rose Emeco's (ASX:EHL) price target to $1.40, implying a 37% share price growth in a year from yesterday’s close of $1.03. 

Investors will be watching Graincorp (ASX:GNC), OceanaGold Corp (ASX:OGC), Xero (ASX:XRO) and Aussie unemployment data for April.

All eyes today are on CBA’s financial results and the unfolding tension between China and Australia, after Beijing banned importing beef from 4 Aussie abattoirs.

Looking at the futures, the Australian share market is set for a fall of 1.3% at the open.

A trading idea for today: Bell Potter rose Premier Investments' (ASX:PMV) price target to $18.50, implying a 21% share price growth in a year from yesterday’s close of $15.42. 

Investors will be watching CBA (ASX:CBA) and Stockland (ASX:SGP).

The Australian share market is now officially back in bull market territory, after rising 1.3% yesterday, which takes the total rally from the March low to 20%. Today, the futures are suggesting that the market will fall around 0.4% at the open following a mixed session on global markets.

What to watch today:

• Packaging company, Amcor (ASX:AMC) just reported quarterly results noting its integration of its takeover of Bemis, is continuing ahead of expectations.
• Circuit board company, Altium (ASX:ALU) announced Coronavirus restrictions are likely to hit 4Q performance. ALU shares have gained 22% in weeks.

Reporting results today include:

• AusNet Services (ASX:AST)
• CSR Ltd (ASX:CSR)
• Incitec Pivot Ltd (ASX:IPL)

A very busy week is on the cards for Aussie investors this week, awaiting local business and consumer confidence, and unemployment numbers for April.

Kicking the week off, the Australian share market futures are eyeing a lift of 0.1% at the open. It comes as global markets pushed higher on Friday as the US unemployment numbers were better than economists expected with 20.5 million Americans losing their jobs last month, which was bleak but far better than the 21.5 million forecast. 

Trading ideas for today, AMP's (ASX:AMP) price target was lifted to $2.15 by Bell Potter, implying its shares will grow over 50%. Elders (ASX:ELD) was also raised by Bell Potter to a price target of $10.30, implying its shares will grow by 13%. 

Investors will be watching GrainCorp (ASX:GNC), Pendal Group (ASX:PDL) and CIMIC (ASX:CIM).

The Aussie share market sees its best weekly gain in five weeks, with the ASX200 gaining 2.3%, the All Ordinaries rising 2.4%, and the Small Ordinaries soaring 3.2% (Monday to Thursday). With the curve flattening, people are taking to the road, steadily increasing both oil demand and the oil price.

In this week’s wrap, Jessica covers:

• I.T leads the charge, up 10% in this week's sectors report (0:22)
• With a 35% rise, Afterpay (ASX:APT) leads the way, while NRW Holdings (ASX:NWH) heads in a different direction... down 8% (1:03)
• Afterpay & Tencent's future partnership? (1:32)
• What's ahead? CBA results, March home loans and unemployment data (2:30)
• What does Virgin Money (ASX:VUK) Macquarie (MQG) and IPH (ASX:IPH) have in common? - They're all featured Buy stocks by Bell Potter (3:47)

As a reminder, during this unique and uncertain time, Bell Potter research is now available to all Bell Direct clients. You can access the Bell Potter research bank here.