Morning Bell 15 April

Jessica Amir
April 15, 2021

Aussie share market is in an uptrend, hitting a new 13 month high yesterday. All eyes will be on tech stocks today.

What to watch today:

  • Zip (ASX:Z1P) is one to watch today as yesterday Citi stamped the stock as buy with a $11.30 target. The company entered into trading halt pending a capital raising.
  • Qantas (ASX:QAN) to get back to 90% capacity in fourth quarter of this year, compared to 25% in mid-2020. Jetstar also reach 120% pre-COVID-19 Domestic Capacity – Qantas 107% in FY22.
  • Michael Hill (ASX:MHJ) looks set for a rally after reporting a shiny quarterly report – digital sales rose 69% and store sales rose 16%.
  • 35,000 people are expected to have gained jobs last month, with unemployment expected to fall to 5.7%.
  • The most traded stocks from yesterday. For our active trader desk, Bell Direct Advantage they were: Brainchip (ASX:BRN), Insurance Australia Group (ASX:IAG) and IOU Pay (ASX:IOU)

Trading ideas:

  • Mayne Pharma (ASX:MYX) was restamped as Bell Potter Buy with its shares expected to grow 29% to $0.56.
  • Synlait Milk (ASX:SM1) was upgraded by Bell Potter as a Buy. Bell Potter expects SM1 shares to jump 27% to $4.10, with sour sales behind it and the infant formula business set for growth.
  • Motorcycle Holdings (ASX:MTO), Pro Mediucs (ASX:PME) and ALS (ASX:ALQ) are all giving off bullish charting signals according to Trading Central.

Weekly Wrap 26 November

Sophia Mavridis
November 26, 2021

Morning Bell 25 November

Paulina Peters
November 25, 2021

Morning Bell 24 November

Sophia Mavridis
November 24, 2021

Morning Bell 23 November

Paulina Peters
November 23, 2021

Morning Bell 22 November

Sophia Mavridis
November 22, 2021

Weekly Wrap 19 November

Sophia Mavridis
November 19, 2021

Morning Bell 18 November

Paulina Peters
November 18, 2021

Morning Bell 17 November

Sophia Mavridis
November 17, 2021

Morning Bell 16 November

Paulina Peters
November 16, 2021

Morning Bell 15 November

Sophia Mavridis
November 15, 2021

Weekly Wrap 12 November

Sophia Mavridis
November 12, 2021

Morning Bell 11 November

Paulina Peters
November 11, 2021