Skip to main content

Morning Bell 4 March

Jessica Amir
March 4, 2021

The broad Aussie market is expected to retreat 0.6% as investors roll out the playbook – and rotate to stocks benefiting from higher prices.

Investors are continuing to re-adjust their portfolios after bond yields rose again overnight.

What to watch today:

  • Gold, Silver and Copper stocks are likely to see some profit taking as their base metal prices fell over 1% overnight.
  • Nickel rose 0.6% overnight and Iron Ore rose 0.8%. So keep an eye on stocks in breakouts/seeing strong rallies in these areas like: Nickel Mines (ASX:NIC), Mount Gibson Iron (ASX:MGX), BHP (ASX:BHP), Fenix Resources (ASX:FEX) and Magnetite Mines (ASX:MGT).
  • Keep an eye on some of the most traded stocks from yesterday: Vital Metals (ASX:VML) and Hawkstone Mining (ASX:HWK).
  • Balance of trade data for January is out today – this tells us how much Australia paid for its imports and received for its exports.
  • Retail sales data for January is out today – it’s expected to show sales grew 0.6% in January so keep an eye on consumer spending stocks.

Trading ideas:

  • PSC Insurance (ASX:PSI) is a Bell Potter Buy, with an upgraded price target of $3.90, implying 16% upside.
  • Elders (ASX:ELD) is a Bell Potter Buy with an increased price target of $13.60 target as its wool and crop businesses delivered stronger than expected earnings.
  • SenSen Networks (ASX:SNS), West African Resources (ASX:WAF) and Australian Finance Group (ASX:AFG) are all giving off bullish charting signals according to Trading Central.

Morning Bell 11 October

Jessica Amir
October 11, 2021

Weekly Wrap 8 October

Jessica Amir
October 8, 2021

Morning Bell 8 October

Paulina Peters
October 8, 2021

Morning Bell 7 October

Jessica Amir
October 7, 2021

Morning Bell 6 October

Jessica Amir
October 6, 2021

Morning Bell 5 October

Jessica Amir
October 5, 2021

Morning Bell 4 October

Sophia Mavridis
October 4, 2021

Weekly Wrap 1 October

Jessica Amir
October 1, 2021

Morning Bell 1 October

Sophia Mavridis
October 1, 2021

Morning Bell 30 September

Paulina Peters
September 30, 2021

Morning Bell 29 September

Jessica Amir
September 29, 2021