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.

Market Update

Julia Lee
March 20, 2017

Market Update

Julia Lee
March 17, 2017

Market Update

Julia Lee
March 16, 2017

Market Update 15 March 2017

Julia Lee
March 15, 2017

How to review your portfolio

Bell Direct
March 14, 2017

Market Update

Julia Lee
March 13, 2017

Market Update

Julia Lee
March 10, 2017

Market Update 9 Mar

Julia Lee
March 9, 2017

Market Update

Julia Lee
March 8, 2017

Market Update

Julia Lee
March 6, 2017

Market Update 3 March

Julia Lee
March 3, 2017