Desktop Broker TV

Market wraps 7th May 2020

Morning Bell - Jessica Amir

The Australian share market is sitting with a weekly gain of 2.6% as at Thursday morning before trade, however profits are expected to fall as the futures suggest a 0.9% drop at the open. 

A trading idea for today is Altium (ASX:ALU). It had its price target lifted by Bell Potter to $37.50, which implies that the share price will grow 6.2% in a year.

Investors will be watching Rio Tinto (ASX:RIO), Orica (ASX:ORI), Macquarie (ASX:MQG) & Aussie March export data.