Skip to main content

Morning Bell 30 November

Paulina Peters
November 30, 2020

The ASX200 is eyeing a lift of 0.6% at the open following a strong week on Wall Street, amid decreasing political uncertainty and positive vaccine news.

What to watch today and this week:

  • Zip (ASX: Z1P) holds its AGM today. Although the Buy Now Pay Later provider recently released a trading update, today’s AGM may provide investors with a snapshot of November’s performance, as well as an update on further international expansion plans.
  • Tomorrow afternoon will see the final meeting of the RBA for 2020.
  • On Wednesday, RBA Governor Lowe will give testimony to Parliament, the same day the third quarter GDP report is released.
  • Federal Reserve chairman Jerome Powell is poised to give testimony to Congress twice this week and the OECD are set to publish new global forecasts.

Local trading ideas:

  • Bell Potter reiterated mining company, Mader Group’s (ASX:MAD) Buy rating and increased its price target marginally to $1.26. This follows easing interstate border restrictions and new hiring initiatives that continue to ease pressure on growth barriers in the strong WA market.
  • Bell Potter retains its Buy rating on QANTM IP (ASX:QIP) with an unchanged 12-month price target of $1.60. Bell Potter believes QIP’s earnings are underpinned by relatively resilient industry drivers, with COVID-19 to date having limited impact on filing volumes.
  • Noxopharm (ASX:NOX) and Jupiter Mines (ASX:JMS) are both showing bullish charting signals according to Trading Central.

Morning Bell 12 December

Grady Wulff
December 12, 2023

Morning Bell 11 December

Grady Wulff
December 11, 2023

Weekly Wrap 8 December

Sophia Mavridis
December 8, 2023

Morning Bell 8 December

Sam Kanaan
December 8, 2023

Morning Bell 7 December

Sophia Mavridis
December 7, 2023

Morning Bell 6 December

Sam Kanaan
December 6, 2023

Morning Bell 5 November

Grady Wulff
December 5, 2023

Morning Bell 4 December

Sam Kanaan
December 4, 2023

Weekly Wrap 1 December

Grady Wulff
December 1, 2023

Morning Bell 1 December

Sam Kannan
December 1, 2023

Morning Bell 30 November

Sophia Mavridis
November 30, 2023

Morning Bell 29 November

Grady Wulff
November 29, 2023