Morning Bell 4 March

Bell Direct
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.

 

Weekly Wrap 7 May

Bell Direct
May 7, 2021

Morning Bell 7 May

Bell Direct
May 7, 2021

Morning Bell 6 May

Bell Direct
May 6, 2021

Morning Bell 5 May

Bell Direct
May 5, 2021

Morning Bell 4 May

Bell Direct
May 4, 2021

Morning Bell 3 April

Bell Direct
May 3, 2021

Weekly Wrap 30 April

Bell Direct
April 30, 2021

Morning Bell 30 April

Bell Direct
April 30, 2021

Morning Bell 29 April

Bell Direct
April 29, 2021

Morning Bell 28 April

Bell Direct
April 28, 2021

Morning Bell 27 April

Bell Direct
April 27, 2021