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 4 November

Bell Direct
November 4, 2024

Weekly Wrap 1 November

Bell Direct
November 1, 2024

Morning Bell 31 October

Bell Direct
October 31, 2024

Morning Bell 30 October

Bell Direct
October 30, 2024

Morning Bell 29 October

Bell Direct
October 29, 2024

Morning Bell 28 October

Bell Direct
October 28, 2024

Weekly Wrap 25 October

Bell Direct
October 25, 2024

Morning Bell 24 October

Bell Direct
October 24, 2024

Morning Bell 23 October

Bell Direct
October 23, 2024

Morning Bell 22 October

Bell Direct
October 22, 2024

Morning Bell 21 October

Bell Direct
October 21, 2024

Weekly Wrap 18 October

Bell Direct
October 18, 2024