Skip to main content

Morning Bell 16 April

Jessica Amir
April 16, 2021

US stocks smashed records this morning. The Dow Jones closed over 34,000 points for the first time. The S&P500 was up 1.1% to another new record, while the Nasdaq lifted 1.3%, setting a new record high.

What to watch today:

  • The Aussie market is breathing down the neck of an all-time high – we’re 1.5% away.
  • Afterpay (ASX:APT) is seeing buy orders lining up. Zip (ASX:Z1P) shares are also likely to lift based off early buying, staging it for a rebound following its $400m capital raising.
  • Iron ore giant, Fortescue Metals (ASX:FMG) is moving into the hydrogen sector, building a green-steel plant in Brazil, which will help FMG become carbon neutral by 2030.  So keep an eye on other hydrogen stocks like HZR, QEM, PRL
  • The iron ore price has risen back to a 9.5 year high. Keep an eye on Mineral Resources (ASX:MIN).
  • The most traded stocks from yesterday. For our active trader desk, Bell Direct Advantage they were Magnetite Mines (ASX:MGT) and Volt Resources (ASX:VRC).

Trading ideas:

  • Plenti Group Limited (ASX:PLT) was initiated as a Bell Potter Buy.
  • Access Innovation (ASX:AIM) was re-stamped as Bell Potter Buy. Bell Potter expects AIM shares to jump 47% to $1.35 in a year.
  • Sandfire Resources (ASX:SFR), Redbubble (ASX:RBL) and Calix (ASX:CXL) are all giving off bullish charting signals according to Trading Central.

Morning Bell 26 June

Grady Wulff
June 26, 2023

Weekly Wrap 23 June

Grady Wulff
June 23, 2023

Morning Bell 23 June

Sophia Mavridis
June 23, 2023

Morning Bell 22 June

Sophia Mavridis
June 22, 2023

Morning Bell 21 June

Grady Wulff
June 21, 2023

Morning Bell 20 June

Grady Wulff
June 20, 2023

Morning Bell 19 June

Grady Wulff
June 19, 2023

Weekly Wrap 16 June

Grady Wulff
June 16, 2023

Morning Bell 15 June

Grady Wulff
June 15, 2023

Morning Bell 14 June

Grady Wulff
June 14, 2023

Morning Bell 13 June

Sophia Mavridis
June 13, 2023

Weekly Wrap 9 June

Sophia Mavridis
June 9, 2023