Skip to main content

Morning Bell 25 March

Jessica Amir
March 25, 2021

The Aussie share market is likely to follow Wall Street lower – the futures are down 0.2%.

As expected – portfolio adjustments continued to weigh on the US market; as investors ramp the switch away from 2020’s darling tech stocks, to stocks benefiting from life going back to the new normal.

What to watch today

  • Stocks that should see a lot of love today. That is, oil and iron ore stocks.
  • Gold stocks should also see a bit of love, as Gold, the precious metal rose 0.4%. Keep an eye on Chalice Mining (ASX:CHN) a Bell Potter Buy that’s also in a bullish charting pattern. It also might be worth looking at Gold Road Resources (ASX:GOR) as its chart suggests it could be ending its downtrend.
  • Keep an eye on some of the most traded stocks from yesterday. For our active trader desk, Bell Direct Advantage they were: Airtasker (ASX:ART) which rose 67% yesterday and Hawkstone Mining (ASX:HWK) which rose 8%.

As for trading ideas that could be worth a look

  • Bell Potter bumped up GrainCorp’s (ASX:GNC) Buy rating again, with a new $6.20 target. Yesterday GNC rose 6.2% to $5.00. And the chart says it’s about to potentially see a big rally with its 15-day moving average about to cross the 30-day.
  • Bapcor (ASX:BAP) also had a good upgrade from Citi as BAP expands into Asia following its 25% purchase of Asian equivalent, Tye Soon. Citi says BAP is a Buy with a $9.35 target, expecting South Korean and Malaysian sales to boost business.
  • MoneyMe (ASX:MME), GWA Group (ASX:GWA) and Eclipx (ASX:ECX) are all giving off bullish charting signals according to Trading Central.

Morning Bell 26 April

Sam Kanaan
April 26, 2024

Morning Bell 24 April

Grady Wulff
April 24, 2024

Morning Bell 23 April

Sam Kanaan
April 23, 2024

Morning Bell 22 April

Grady Wulff
April 22, 2024

Morning Bell 19 April

Sam Kanaan
April 19, 2024

Morning Bell 18 April

Grady Wulff
April 18, 2024

Morning Bell 17 April

Grady Wulff
April 17, 2024

Morning Bell 16 April

Sam Kanaan
April 16, 2024

Morning Bell 15 April

Grady Wulff
April 15, 2024

7 Minutes with 7 Executives

Bell Direct
April 12, 2024