Market wraps 22nd May 2020
Morning Bell - Jessica Amir
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).