Morning Bell 18 March

Jessica Amir
March 18, 2021

The world breathed a huge sigh of relief overnight as the US Fed announced it won’t be hiking interest rates until at least 2023. So there was a flood of confidence and investors returned to economic comeback kids.

 

What to watch today:

  • The market is expected to trade 0.2% lower today – ahead of release of employment data.
  • Unemployment data is out at 11:30am. The rate is tipped to have dropped to 6.3% in Feb from 6.4% as 29,100 jobs are expected to have been added.
  • Commonwealth Bank (ASX:CBA), the biggest bank in Australia is joining the BNPL party in Australia to take market share from Afterpay (ASX:APT) and Zip (ASX:Z1P).
  1. Commodity screens were mostly green overnight. Gold, Silver and Copper rose almost 1% or more. Oil retreated.
  • Keep an eye on some of the most traded stocks from yesterday for our active trader desk, Bell Direct Advantage they were: Cannindah Resources (ASX:CAE), Renascor Resources (ASX:RNU) and IOU Pay (ASX:IOU).

 

Trading ideas:

  • With people returning to the shops and employment improving, Australian Pharmaceutical Industries (ASX:API) was upgraded by Bell Potter as a Buy with a new $1.47 target. API’s share chart looks bullish too, from a technical perspective (with the 15 day average about to overtake the 30 day average).
  • America Pacific Borates (ASX:ABR), Eclipx Group (ASX:ECX) and Pental (ASX:PTL) are all giving off bullish charting signals according to Trading Central.

Weekly Wrap 23 July

Jessica Amir
July 23, 2021

Morning Bell 23 July

Jessica Amir
July 23, 2021

Morning Bell 22 July

Jessica Amir
July 22, 2021

Morning Bell 21 July

Sophia Mavridis
July 21, 2021

Morning Bell 20 July

Paulina Peters
July 20, 2021

Morning Bell 19 July

Jessica Amir
July 19, 2021

Weekly Wrap 16 July

Jessica Amir
July 16, 2021

Morning Bell 16 July

Sophia Mavridis
July 16, 2021

Morning Bell 15 July

Paulina Peters
July 15, 2021

Morning Bell 14 July

Jessica Amir
July 14, 2021

Morning Bell 13 July

Jessica Amir
July 13, 2021