Desktop Broker TV

Market wraps 21st May 2020

Morning Bell - Jessica Amir

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)