Morning Bell 30 November

Paulina Peters
November 30, 2020

The ASX200 is eyeing a lift of 0.6% at the open following a strong week on Wall Street, amid decreasing political uncertainty and positive vaccine news.

What to watch today and this week:

  • Zip (ASX: Z1P) holds its AGM today. Although the Buy Now Pay Later provider recently released a trading update, today’s AGM may provide investors with a snapshot of November’s performance, as well as an update on further international expansion plans.
  • Tomorrow afternoon will see the final meeting of the RBA for 2020.
  • On Wednesday, RBA Governor Lowe will give testimony to Parliament, the same day the third quarter GDP report is released.
  • Federal Reserve chairman Jerome Powell is poised to give testimony to Congress twice this week and the OECD are set to publish new global forecasts.

Local trading ideas:

  • Bell Potter reiterated mining company, Mader Group’s (ASX:MAD) Buy rating and increased its price target marginally to $1.26. This follows easing interstate border restrictions and new hiring initiatives that continue to ease pressure on growth barriers in the strong WA market.
  • Bell Potter retains its Buy rating on QANTM IP (ASX:QIP) with an unchanged 12-month price target of $1.60. Bell Potter believes QIP’s earnings are underpinned by relatively resilient industry drivers, with COVID-19 to date having limited impact on filing volumes.
  • Noxopharm (ASX:NOX) and Jupiter Mines (ASX:JMS) are both showing bullish charting signals according to Trading Central.

Market Wraps

Get the latest market news analysis with Bell Direct's Market Wraps.

Interviews

Watch our interview series to get exclusive insights and trading ideas. Open a Bell Direct account today.

Insights

At Bell Direct, you can trade smarter with our market insights, stock tips and real broker research. Open an account today and start online trading.

Demos

Learn how to trade on our award winning platform and use our trading tools with these smart tutorials.

Reporting Season

Ads

Find out more about our new products and latest ads.

SMSF

Get the latest SMSF insights

Equity Investor

Your Money Your Call

Watch Julia Lee and market experts analysing the share market and sharing their stock picks. Join Bell Direct for more insights.