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.

Beston Global Food Company Interview

Bell Direct
August 28, 2015

Bell Direct Insights: Richard Hemming

Bell Direct
August 24, 2015

Bell Potter video: Bank sector update

Bell Direct
August 14, 2015

Agricultural Sector Review

Bell Direct
August 3, 2015

Peter Quinton: three REITs

Bell Direct
July 23, 2015

Contango CIO interview

Bell Direct
July 17, 2015

Julia Lee on mFunds

Bell Direct
July 6, 2015

Livewire Live

Bell Direct
June 29, 2015