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Morning Bell 7 December

Bell Direct
December 7, 2020

The ASX200 is eyeing a gain of 0.6% at the open.

Victoria and South Australia will welcome international flights and passengers starting today and NSW will ease restrictions at hospitality venues.

What to watch this week:

  • Metcash (ASX:MTS) reports results today.
  • NAB business confidence, building permits for October and Consumer Confidence is out tomorrow.

Local trading ideas:

  • Bell Potter upgraded PSC Insurance’s (ASX:PSI) Buy rating with an increased $3.40 price target.
  • Bell Potter highlighted some stocks to watch including City Chic (ASX:CCX), Premier Investments (ASX:PMV), Domino’s Pizza (ASX:DMP) and Accent (ASX:AX1).
  • Temple and Webster (ASX:TPW), NEXTDC (ASX:NXT) and Stanmore Coal (ASX:SMR) are all showing bullish charting signals according to Trading Central.

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