Skip to main content

Morning Bell 11 March

Bell Direct
March 11, 2021

The futures are suggesting the market will open 0.5% higher – with the focus on travel stocks and banks.

 

What to watch today:

  • Travel and tourism stocks will be in focus as the Federal Government will pay half price airfares for 800,000 Aussie visiting 13 regional areas from April 1 to July 31.
  • Keep an eye on travel stocks in bullish short breakouts like Webjet (ASX:WEB), Flight Centre (ASX:FLT), Qantas (ASX:QAN) and Corporate Travel Management (ASX:CTD).
  • Banks will also be in focus – with the Federal Government expected to expand its SME loan program offering interest free loans for up to $5 million over 10-years, 80% government backed.
  • Keep an eye on banks stocks in share price breakouts: ANZ (ASX:ANZ), Auswide Bank (ASX:ABA), Macquarie Group (ASX:MQG).
  • Keep an eye on iron ore stocks as the spot iron ore price continued to fall, losing 5% – after a Chinese city was ordered to halt steel production to limit pollution.

 

Trading ideas:

  • Janus Henderson (ASX:JHG) and Link (ASX:LNK) are two of Citi’s favourite Buys in the non-banking financial space. Both are continuing to benefit from growing earnings.
  • FYI Resources (ASX:FYI), TPG Telecom (ASX:TPG) and BSA Limited (ASX:BSA) are giving off bullish charting signals according to Trading Central.

Morning Bell 1 March

Grady Wulff
March 1, 2023

Morning Bell 28 February

Sophia Mavridis
February 28, 2023

Morning Bell 27 February

Grady Wulff
February 27, 2023

Weekly Wrap 24 February

Grady Wulff
February 24, 2023

Morning Bell 24 February

Sophia Mavridis
February 24, 2023

Morning Bell 23 February

Grady Wulff
February 23, 2023

Morning Bell 22 February

Grady Wulff
February 22, 2023

Morning Bell 21 February

Sophia Mavridis
February 21, 2023

Morning Bell 20 February

Grady Wulff
February 20, 2023