Morning Bell 17 May











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The Aussie share market is set to open higher, with the futures suggesting a 0.7% gain. • Investors continue to buy into tech stocks, after last weeks pull back. • What to watch today: • • Watch Tech stocks: Afterpay (ASX:APT), Xero (ASX:XRO) and Seek (ASX:SEK). • • The Iron Ore price continues to pull back. Watch Fortescue Metals Group (ASX:FMG), Magnetite Mines (ASX:MGT), Mineral Resources (ASX:MIN), BCI Minerals (ASX:BCI), and Champion Iron (ASX:CIA). • • Incitec Pivot Limited (ASX:IPL), Temple Webster Group (ASX:TPW) and Elders (ASX:ELD) are set to report today. • • This week: RBA meeting minutes to be released on Tuesday and Consumer Confidence released on Wednesday. Watch JB Hi-Fi (ASX:JBH), Afterpay (ASX:APT), Harvey Norman (ASX:HVN) and Breville Group (ASX:BRG). In addition, unemployment data will be released on Thursday and April retail sales will be released on Friday. • • Most traded stocks from Friday included Xero (ASX:XRO) and Woodside Petroleum (ASX:WPL). • Trading Ideas: • • Bell Potter have reiterated a speculative Buy recommendation on Avita Medical (ASX:AVH), dropping their price target to $10.50. • • Nick Scali (ASX:NCK), Ansell (ASX:ANN) and Integral Diagnostics (ASX:IDX) are all giving off bullish charting signals according to Trading Central. • • Find Bell Direct here: • Twitter:   / belldirect   • Facebook:   / belldirectau.  . • LinkedIn:   / bell.  . • Instagram:   / bell.direct  

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