Skip to main content

Morning Bell 26 November

Jessica Amir
November 26, 2020

The ASX200 is eyeing a fall of 0.1% at the open following a mixed close on Wall Street overnight.

The U.S. central bank released minutes from its meeting highlighting how it can provide more support for the U.S. economy throughout the pandemic.

Commodities continued their rally as three vaccines are around the corner.

What to watch today:

  • Yesterday the market turned positive for 2020 and was up 0.2% for the year, meaning the ASX200 erased most of the COVID-19 losses. If the ASX200 gains 7%, it will be back in record all-time high territory.
  • Ainsworth Game Technology (ASX:AGI), Hansen Technologies (ASX:HSN), WiseTech (ASX:WTC), HUB24 (ASX:HUB), Monash IVF (ASX:MVF), NRW Holdings (ASX:NWH) and Qube (ASX:QUB) hold their AGMs.

Local trading ideas:

  • Bell Potter upgraded the Buy ratings and price targets for Pendal (ASX:PDL) with a new  $8.90 target, Perpetual (ASX:PPT) with a new $45.40 target and Challenger (ASX:CGF) with a new $6.60 target.
  • Overnight, Citi reiterated Harvey Norman (ASX:HVN) as a Buy with a $5.20 target, implying 14% upside in a year. Citi expects Black Friday and Christmas sales to be strong and forecasts sales growth of 15% from now to the Boxing Day period.
  • CSR (ASX:CSR), Ava Risk Group (ASX:AVA) and Emeco Holdings (ASX:EHL) are all showing bullish charting signals according to Trading Central.

Morning Bell 18 January

Grady Wulff
January 18, 2024

Morning Bell 17 January

Grady Wulff
January 17, 2024

Morning Bell 16 January

Grady Wulff
January 16, 2024

Morning Bell 15 January

Sophia Mavridis
January 15, 2024

Weekly Wrap 15 December

Grady Wulff
December 15, 2023

Morning Bell 14 December

Grady Wulff
December 14, 2023

Morning Bell 13 December

Grady Wulff
December 13, 2023

Morning Bell 12 December

Grady Wulff
December 12, 2023

Morning Bell 11 December

Grady Wulff
December 11, 2023

Weekly Wrap 8 December

Sophia Mavridis
December 8, 2023