Market wraps 25th May 2021

Morning Bell - Jessica Amir

The Aussie share market is set to open higher, with the futures suggesting a rise of 0.3%.

What to watch toady:

  • Tech stocks are expected to rise for the 4th day, continuing on an uptrend. Watch Afterpay (ASX:APT).
  • Copper price rose 1%.
  • Coal stocks are back in focus, as the coal price is at a 3 year high.
  • Amcor (ASX:AMC) to go ex- dividend.
  • Technology One (ASX:TNE) set to report company results today.
  • Most traded stocks by Bell Direct clients yesterday: Fortescue Metals Group (ASX:FMG), Kogan (ASX:KGN), and Commonwealth Bank (ASX:CBA). And the most traded stocks by our advised clients: CLS Limited (ASX:CLS), Magellan Global Fund (ASX:MGF) and Betashares Legg Mason Australian Bond (ASX:BNDS).

Trading Ideas:

  • Synlait Milk (ASX:SM1) was reiterated as a Bell Potter Buy with a $3.85 price target.
  • Healthia (ASX:HLA), Nick Scali (ASX:NCK) and Eclipx Group (ASX:EXC) are all giving off bullish charting signals according to Trading Central.