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 24 March

Jessica Amir
March 24, 2021

Morning Bell 23 March

Jessica Amir
March 23, 2021

Morning Bell 22 March

Jessica Amir
March 22, 2021

Weekly Wrap 19 March

Jessica Amir
March 19, 2021

Morning Bell 19 March

Jessica Amir
March 19, 2021

Morning Bell 18 March

Jessica Amir
March 18, 2021

Morning Bell 17 March

Jessica Amir
March 17, 2021

Morning Bell 16 March

Jessica Amir
March 16, 2021

Morning Bell 15 March

Jessica Amir
March 15, 2021

Weekly Wrap 12 March

Jessica Amir
March 12, 2021

Morning Bell 12 March

Jessica Amir
March 12, 2021

Morning Bell 11 March

Bell Direct
March 11, 2021