Morning Bell 19 March

Jessica Amir
March 19, 2021

US Economic recovery stocks fell off their all-time high podium overnight as Bond yields spiked again. The US 10 year bond hit a yield of 1.7%, while the 30-year bond rate topped 2.5%. Bonds now offer a better yield than the average US Tech stocks, which pay an average 1.5% yield.

This is why we’ve seen the rotation out of US an Aussie tech stocks, and into companies with stronger balance sheets that and pay dividends.

What to watch today:

  • The market is expected to pull back 0.6% on Friday and end lower across the week, marking the first fall in three weeks.
  • Oil stocks are likely to see heavy profit taking today after the sector’s gained 63% in a year –
  • Other Commodity stocks might be a shining light; Platinum, gold, silver and iron
  • Keep an eye on some of the most traded stocks from yesterday. For our active trader desk, Bell Direct Advantage they were: Sayona Mining (ASX:SYA), Integral Diagnostics (ASX:IDX) and 88 Energy (ASX:88E).

Trading ideas:

  • Chalice Mining (ASX:CHN) was given an upgrade by Bell Potter as Speculative BUY with new $6.35 target.
  • Galaxy Resources (ASX:GXY) was upgraded by Citi with a new $3.10 target but dubbed a high risk HOLD. Galaxy is now operating back at fully capacity to meet lithium demand, and is producing what lower grade spodumene that customers are willing to accept.
  • Lastly –Red River Resources (ASX:RVR), Nick Scali (ASX:NCK), and Resimac Group (ASX:RMC) could be worth considering, as they’re 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