Skip to main content

Morning Bell 14 December

Jessica Amir
December 14, 2020

The ASX200 is eyeing a flat open to start the week.

Restrictions are easing in South Australia and Queensland has opened its borders.

What to watch today:

  • The market could see a rise for the seventh week, with consumer spending, local tourism, food and beverage stocks to see a jump in sales as we get closer to Christmas.
  • All eyes on Flight Centre (ASX:FLT) as a court trial kicks off today. Flight Centre is being accused of underpaying a handful of workers for over 13 years. FLT is a Morgan Stanley, UBS and Bell Potter buy.

What to watch this week:

  • The Mid-Year Economic and Fiscal Outlook (MYEFO) is set to be released later this week. It is expected to show a stronger bottom line than October’s budget thanks to the rally of the iron ore price, while spending is expected to drop due to the JobKeeper payments.

Local trading ideas:

  • Austal (ASX:ASB) was reiterated as a Citi buy with a $4.30 price target. Given the U.S., Australia, the Philippines and governments may look to stimulate economies through ship building programs, ASB’s revenues could rise.
  • Asaleo (ASX:AHY) was reiterated as a Citi buy after it received a takeover offer.
  • McPherson’s (ASX:MCP), Ava Risk Group (ASX:AVA) and Audio Pixels Holdings (ASX:AKP) are all showing bullish charting signals according to Trading Central.

Market Update

Julia Lee
March 2, 2017

How to create a watchscreen

Bell Direct
March 1, 2017

How to set trading alerts

Bell Direct
March 1, 2017

How to transfer your shares to Bell Direct

Bell Direct
February 27, 2017

How to get a stock quote

Bell Direct
February 27, 2017

February newsletter Julia’s insights

Julia Lee
February 24, 2017

CEO interview – Cobalt Blue

Bell Direct
February 21, 2017

Your Money Your Call

Julia Lee
February 14, 2017

Your Money Your Call

Julia Lee
February 7, 2017

January review

Julia Lee
January 27, 2017