Morning Bell 20 January

Jessica Amir
January 20, 2021

The ASX200 is eyeing a 0.2% lift at the open following the 1.2% gain yesterday.

US equities lifted higher overnight, resuming trade after the Martin Luther King public holiday. This saw the S&P500 and NASDAQ gain 0.8% and 1.5% respectively.

What to watch today:

  • Tech stocks are likely to follow the US moving higher. All eyes will be on Afterpay (ASX:APT) and Sezzle (ASX:SZL).
  • Sydney Airport (ASX:SYD) will report December numbers.
  • Australian Pharmaceuticals Industries (ASX:API) holds its AGM.
  • Monthly consumer confidence data will be released with confidence levels at a decade high.

Local trading ideas:

  • TechnologyOne (ASX:TNE) was upgraded to a buy by Bell Potter with a $9.25 price target.
  • Liontown Resources (ASX:LTR) was upgraded to a speculative buy by Bell Potter with a $0.55 price target.
  • Technology Metals (ASX:TMT), SG Fleet (ASX:SGF) and IDP Education (ASX:IEL) are giving off 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.