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 15 September

Sam Kanaan
September 15, 2023

Morning Bell 14 September

Grady Wulff
September 14, 2023

Morning Bell 13 September

Grady Wulff
September 13, 2023

Morning Bell 12 September

Sam Kanaan
September 12, 2023

Morning Bell 11 September

Grady Wulff
September 11, 2023

Weekly Wrap 8 September

Grady Wulff
September 8, 2023

Morning Bell 7 September

Sam Kanaan
September 7, 2023

Morning Bell 6 September

Grady Wulff
September 6, 2023

Morning Bell 5 September

Grady Wulff
September 5, 2023

Morning Bell 4 September

Grady Wulff
September 4, 2023

Weekly Wrap 1 September

Grady Wulff
September 1, 2023