Skip to main content

Morning Bell 18 November

Jessica Amir
November 18, 2020

The ASX200 is eyeing a gain of 0.1% at the open.

Tesla will be welcomed to the S&P500 in December, its shares gained 8% on this news.

What to watch today:

  • Following the rally on Wall Street, you might expect buying today in tech, travel, tourism, gambling and bank stocks.
  • Aristocrat (ASX:ALL), ALS (ASX:ALQ) and United Malt Group (ASX:UMG) report results today.
  • Seven Group Holdings (ASX:SVW) and Cromwell Property Group (ASX:CMW) hold their AGMs today.
  • New home sales data and wage price growth is out today for October.

Local trading ideas:

  • Afterpay (ASX:APT) had its Buy rating upgraded by Bell Potter with a new $140 price target, implying 38% upside in a year from yesterday’s close of $95.93. Afterpay held its AGM yesterday noting November is on track for a record month, without giving any details of what that looked like.
  • Adacel Technologies (ASX:ADA), which controls 21% of the world’s airspace traffic management through their technology, had its Buy rating and price target upgraded by Bell Potter to $1.05, implying 50% upside in a year from yesterday’s close of $0.78.
  • Suncorp (ASX:SUN), Element 25 (ASX:E25) and Jumbo Interactive (ASX:JIN) are all showing bullish charting signals according to Trading Central.

Equity Investor 29 Jan

Julia Lee
January 30, 2018

Reporting season preview

Julia Lee
January 29, 2018

Market Update

Julia Lee
January 25, 2018

Market Update

Julia Lee
January 24, 2018

Market Update

Julia Lee
January 23, 2018

Market Update

Julia Lee
January 22, 2018

Market Update

Julia Lee
January 22, 2018

Market Update

Julia Lee
January 17, 2018

Your Money Your Call 16 January

Julia Lee
January 17, 2018

Market Update

Julia Lee
January 12, 2018

Market Update

Julia Lee
January 10, 2018