Between the Bells

Morning Bell 29 May


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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)
...more
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Between the BellsBy Bell Direct


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