Skip to main content

Morning Bell 6 April

Jessica Amir
April 6, 2021

The Aussie market is eyeing a gain of 0.3% if you go by the futures – likely to extend its rally from Wednesday and Thursday – which will form a nice uptrend for the ASX200.

What to watch today:

  • Economic recovery stocks – expected to gain momentum as GP clinics offering COVID-19 vaccines will double to 3,000 by this week with 4,000 clinics offering the vaccine by the end of April.
  • Economic news to watch: ANZ job ads out for March and the RBA hold their first meeting of the month – rates to hold but the focus will on Australia’s economic recovery.
  • Stocks that will do well following the trans-Tasman bubble announced later today. Keep an eye on Air New Zealand (ASX:AIZ) and Qantas (ASX:QAN).
  • ASX stocks exposed to the UK – and could benefit as the UK considers a vaccine passport. These include Link Administration (ASX:LNK) and UK Bank Virgin Money (ASX:VUK).
  • Oil stocks will likely come under pressure after the Oil price fell 6% ahead of OPEC and its ally countries ramping up production from May to July.
  • Companies going ex-div today: Sigma Healthcare (ASX:SIG) and Perpetual Equity Investment Company (ASX:PIC).
  • Most traded stocks at our active trader desk, Bell Direct Advantage: 88 Energy (ASX:88E), Red Sky Energy (ASX:ROG) & Brookside Energy (ASX:BRK).

Trading ideas:

  • UBS upgraded South32 (ASX:S32) as a Buy while upping its price target to $3.20.
  • Bell Potter called out its key retail sales stocks to watch: City Chic (ASX:CCX), Dominos (ASX:DMP) and Accent (ASX:AX1).
  • Australian Finance Group (ASX:AFG), Sezzle (ASX:SZL) and Pinnacle Investment Management (ASX:PNI) are all giving off bullish charting signals according to Trading Central.

Morning Bell 21 September

Jessica Amir
September 21, 2020

Weekly Wrap 18 September

Jessica Amir
September 18, 2020

Morning Bell 18 September

Bell Direct
September 18, 2020

Morning Bell 17th September

Jessica Amir
September 17, 2020

Morning Bell 16th September

Jessica Amir
September 16, 2020

Morning Bell 15 September

Jessica Amir
September 15, 2020

Morning Bell 14 September

Jessica Amir
September 14, 2020

How to: Set a trading alert

Bell Direct
September 13, 2020

How to: Get a stock quote

Bell Direct
September 12, 2020

How to: Set up a watchscreen

Bell Direct
September 11, 2020