Skip to main content

Morning Bell 28 September

Jessica Amir
September 28, 2020

The Aussie share market is eyeing a 0.4% lift at the open following the 1.7% gain last week.

Today in Victoria, childcare centres reopen, primary schools return and the curfew is scraped, with 127,000 people allowed to return to work. Supermarkets, food distribution centres, abattoirs, seafood and meat processing plants also increase capacity, which is good news for the economy. While at the same time the JobKeeper payment reduces from $1,500 to $1,200 a fortnight.

What to watch today:

  • Keep an eye on economic recovery stocks like banks, which saw a huge rally on Friday with Westpac (ASX:WBC) up over 7% and CommBank (ASX:CBA) up 3%, on reduced lending requirements that are likely to be revealed in tomorrow’s budget.
  • A lot of property groups go ex-div tomorrow, like Centuria Industrial REIT (ASX:CIP), Charter Hall Long WALE REIT (ASX:CLW), Centuria Office REIT (ASX:COF) and Cromwell Property Group (ASX:CMW).

Local trading ideas:

  • Smiggle, Just Jeans and Peter Alexander owner Premier Investments (ASX:PMV) was reiterated by Bell Potter as a buy with a bumped up price of $22, implying 16% growth from Friday’s close. UBS also reiterated PMV as a buy with a $20.50 target.
  • Business tech platform, Technology One (ASX:TNE) was reiterated by Bell Potter as a buy with a $9.50 target, implying 20% upside from Friday’s close.
  • Mortgage Choice (ASX:MOC), Asaleo Care (ASX:AHY) and SciDev (ASX:SDV) are all giving off bullish charting signals according to Trading Central.

Morning Bell 18 November

Sophia Mavridis
November 18, 2022

Closing Bell 17 November

Sophia Mavridis
November 17, 2022

Morning Bell 17 November

Grady Wulff
November 17, 2022

Closing Bell 16 November

Grady Wulff
November 16, 2022

Morning Bell 16 November

Grady Wulff
November 16, 2022

Closing Bell 15 November

Grady Wulff
November 15, 2022

Morning Bell 15 November

Bell Direct
November 15, 2022

Closing Bell 14 November

Grady Wulff
November 14, 2022

Morning Bell 14 November

Grady Wulff
November 14, 2022

Weekly Wrap 11 November

Grady Wulff
November 11, 2022

Morning Bell 11 November

Sophia Mavridis
November 11, 2022