Skip to main content

Morning Bell 12 April

Jessica Amir
April 12, 2021

The Aussie share market is set to start the week higher. The futures are suggesting a gain of 0.1% which will rub out Friday’s fall.

US equities closed at new records at the weekend with almost half of the US population receiving their first vaccine.

What to watch today:

  • Vaccine news – Pressure has been put on ScoMo for when Australians will receive their first dose.
  • Economic news: New home sales data, Business and Consumer Confidence data and on Thursday, employment data is released for March.
  • Quarterly balances will be taking place – investors and fund managers will be buying heavily back into stocks that are depressed – like tech – given bond yields have eased from their year high.
  • Stocks that closed in bullish breakouts and made sizeable gains last week: EML Payments (ASX:EML), Afterpay (ASX:APT) and Imugene (ASX:IMU).
  • Iron ore stocks will be back in focus as one of the most traded stocks across our entire business last week was BHP.
  • The most traded stocks from Friday for our active trader desk, Bell Direct Advantage. They were Oneview Healthcare (ASX:ONE) Greenland Minerals (ASX:GGG) & 88 Energy (ASX:88E).

Trading ideas:

  • Immutep (ASX:IMM) was re-stamped as a Speculative Buy with an increased price target of $0.85 after the US FDA fast tracked its lead drug as a treatment for head and neck cancer.
  • Whitehaven Coal (ASX:WHC) had its Buy rating increased, with Bell Potter raising its target to $2.35 as the thermal coal price strengthened in the March quarter.
  • Gascoyne (ASX:GCY), Pact Group (ASX:PGH) and Proteomics International (ASX:PIQ) are all giving off bullish charting signals according to Trading Central.

Morning Bell 21 November

Bell Direct
November 21, 2024

Morning Bell 20 November

Bell Direct
November 20, 2024

Morning Bell 19 November

Bell Direct
November 19, 2024

Morning Bell 18 November

Bell Direct
November 18, 2024

Weekly Wrap 15 November

Bell Direct
November 15, 2024

Morning Bell 14 November

Bell Direct
November 14, 2024

Morning Bell 13 November

Bell Direct
November 13, 2024

Morning Bell 12 November

Bell Direct
November 12, 2024

Morning Bell 11 November

Bell Direct
November 11, 2024

Weekly Wrap 8 November

Bell Direct
November 8, 2024

Morning Bell 7 November

Bell Direct
November 7, 2024

Morning Bell 6 November

Bell Direct
November 6, 2024