Skip to main content

Morning Bell 20 November

Jessica Amir
November 20, 2020

The ASX200 is eyeing a gain of 0.4% at the open, on track for its fifth straight day of gains.

U.S. COVID-19 cases are continuing to rise, up 26% from last week.

What to watch today:

  • Sydney Airport (ASX:SYD) and Orica (ASX:ORI) report results today.
  • Autosports (ASX:ASG), Accent (ASX:AX1), Centuria (ASX:CNI), Kogan (ASX:KGN), Lendlease (ASX:LLS), Platinum Asset Management (ASX:PTM) and ResMed (ASX:RMD) hold their AGMs today.
  • Preliminary retail sales will be released today and are expected to show a rise of 0.3%. If it’s higher than expected, you might expect consumer spending socks like JB Hi-Fi (ASX:JBH), Harvey Norman (ASX:HVN), Kogan (ASX:KGN) Breville (ASX:BRG), Lovisa (ASX:LOV), Kathmandu (ASX:KMN) and Super Retail Group (ASX:SUL) to do well.

Local trading ideas:

  • Life360 (ASX:360) was reiterated as a Bell Potter Buy with a $7.70 target, implying 111% upside in a year. Google is now collaborating with Life360, which allows any Google assisted device like phones, smart speakers, Google watches or car devices to tap into the Life360’s technology.
  • Aus Agricultural Co (ASX:AAC) was upgraded by Bell Potter, increasing its Buy rating and target to $1.40, implying 19% upside in a year. AAC reported stronger than expected earnings which surprised many analysts and its stock jumped 5.7% yesterday. Its cashflow increased and debt reduced.
  • Redbubble (ASX:RBL), QuickFee (ASX:QFE) and Shriro Holdings (ASX:SHM) are all showing bullish charting signals according to Trading Central.

Morning Bell 17th September

Jessica Amir
September 17, 2020

Morning Bell 16th September

Jessica Amir
September 16, 2020

Morning Bell 15 September

Jessica Amir
September 15, 2020

Morning Bell 14 September

Jessica Amir
September 14, 2020

How to: Set a trading alert

Bell Direct
September 13, 2020

How to: Get a stock quote

Bell Direct
September 12, 2020

How to: Set up a watchscreen

Bell Direct
September 11, 2020

Weekly Wrap 11 September

Jessica Amir
September 11, 2020

Morning Bell 11 September

Jessica Amir
September 11, 2020

How to: Place, amend or cancel a trade

Bell Direct
September 10, 2020

Morning Bell 10 September

Jessica Amir
September 10, 2020