Skip to main content

Morning Bell 16 March

Jessica Amir
March 16, 2021

The futures are hinting that the Aussie market will rise 0.4% at the open. All eyes will be on travel and tourism stocks, with bookings on rise ahead of Easter, while also being supported by the governments incentive.

What to watch today

  • Expect some caution as AstraZeneca’s vaccine was paused for use in France, Germany, Ireland and the Netherlands over blood clot concerns. This is important to watch as Australia has purchased 54 million doses.
  • Investors will be watching the RBA Minutes to hear what the RBA says as to why the Aussie bond yields hit a 2-year high, as well as house price index data.
  • Separately except commodity stocks to be mixed today as Gold rose 0.6% to US$1,730, Silver rose 1.6%, Copper trades flat, Lithium stocks rose in the US overnight, while the Oil price fell 0.5% to US$65.29.
  • The iron ore fines price, the most traded, staged a rebound while the iron ore spot price rose 2.7%.

Trading ideas:

  • Following Vitalharvest Freehold Trust (ASX:VTH) hitting a new record high yesterday, Bell Potter restated the stock as a Hold on the basis of its strong share price growth.
  • Keep an eye on Woodside (ASX:WPL), a Macquarie, Credit Suisse and UBS Buy stock, benefitting from higher oil prices.
  • Pilbara Minerals (ASX:PLS), Shaver Shop (ASX:SSG) and Reece (ASX:REH) are all giving off bullish charting signals according to Trading Central.

Morning Bell 27 February

Jessica Amir
February 27, 2020

Market Update 26 February

Jessica Amir
February 26, 2020

Morning Bell 25 February

Jessica Amir
February 25, 2020

Reporting season: Appen (ASX:APX)

Jessica Amir
February 24, 2020

Morning Bell 24 February

Paulina Peters
February 24, 2020

Weekly Wrap 21 February

Jessica Amir
February 21, 2020

Morning Bell 21 February

Jessica Amir
February 21, 2020

Morning Bell 20 February

Jessica Amir
February 20, 2020

Morning Bell 19 February

Jessica Amir
February 19, 2020