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.

Margin Lending video

Bell Direct
February 28, 2019

February Market Overview

Julia Lee
February 27, 2019

Market Update

Julia Lee
February 19, 2019

APN Asian REIT Fund

Bell Direct
January 24, 2019

APN AREIT Fund

Bell Direct
January 24, 2019

Investing in Commercial Property

Julia Lee
January 24, 2019

Market Update

Julia Lee
January 17, 2019

2018 Yearly Wrap

Julia Lee
December 27, 2018

Market Update

Julia Lee
December 21, 2018

Market Update

Julia Lee
December 18, 2018

Market Update

Julia Lee
December 13, 2018

Market Update

Julia Lee
December 5, 2018