{"id":6999,"date":"2020-11-12T09:35:27","date_gmt":"2020-11-11T22:35:27","guid":{"rendered":"https:\/\/bdirectprod.wpenginepowered.com\/?post_type=video&#038;p=6999"},"modified":"2020-11-12T09:35:27","modified_gmt":"2020-11-11T22:35:27","slug":"morning-bell-12-november-2","status":"publish","type":"video","link":"https:\/\/belldirect.com.au\/insights\/videos\/morning-bell-12-november-2","title":{"rendered":"Morning Bell 12 November"},"content":{"rendered":"<p>The ASX200 is eyeing a lift of 0.5% at the open, headed towards its 6<sup>th<\/sup> straight day of gains.<\/p>\n<p>Better than expected consumer and business confidence news added fuel to local markets, with consumer confidence at its highest level in 7 years.<\/p>\n<p>What to watch today:<\/p>\n<ul>\n<li>Keep an eye on tech names that have been sold down this week on the back of vaccine hopes. You could expect Afterpay (ASX:<a href=\"\/?s=APT\">APT<\/a>), Zip (ASX:Z1P), Temple &amp; Webster (ASX:TPW), Appen (ASX:<a href=\"\/?s=APX\">APX<\/a>) and Altium (ASX:<a href=\"\/?s=ALU\">ALU<\/a>) to rally, given what happened on Wall Street.<\/li>\n<li>Graincorp (ASX:<a href=\"\/?s=GNC\">GNC<\/a>) and Xero (ASX:XRP) report results today.<\/li>\n<li>AGMs: Wesfarmers (ASX:<a href=\"\/?s=WES\">WES<\/a>), Woolworths (ASX:<a href=\"\/?s=WOW\">WOW<\/a>), Nine Entertainment (ASX:<a href=\"\/?s=NEC\">NEC<\/a>), Seven West Media (ASX:<a href=\"\/?s=SWM\">SWM<\/a>) and Estia Health Care (ASX:<a href=\"\/?s=EHE\">EHE<\/a>).<\/li>\n<\/ul>\n<p>Local trading ideas:<\/p>\n<ul>\n<li>CleanSpace Holdings (ASX:CSX) was upgraded by Bell Potter from a Hold to a Buy with a $6.75 price target, implying 17% upside. It\u2019s been sold down recently after Pfizer announced vaccine hopes. But Bell Potter remains optimistic about CleanSpace\u2019s growth, as sales so far have been well ahead of its prospectus forecasts.<\/li>\n<li>Bell Potter upgraded Straker Translations\u2019 (ASX:STG) speculative Buy rating, increasing its target to $2.10, implying 32% upside.<\/li>\n<li>Nearmap (ASX:<a href=\"\/?s=NEA\">NEA<\/a>), Pointsbet Holdings (ASX:PBH), Appen (ASX:<a href=\"\/?s=APX\">APX<\/a>) and Barra Resources (ASX:<a href=\"\/?s=BAR\">BAR<\/a>) are all showing bullish charting signals according to Trading Central.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ASX200 is eyeing a lift of 0.5% at the open, headed towards its 6th straight day of gains. Better than expected consumer and business confidence news added fuel to&#8230;<\/p>\n","protected":false},"featured_media":7000,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"channel":[7],"class_list":["post-6999","video","type-video","status-publish","has-post-thumbnail","channel-market-wraps"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/belldirect.com.au\/wp-json\/wp\/v2\/video\/6999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belldirect.com.au\/wp-json\/wp\/v2\/video"}],"about":[{"href":"https:\/\/belldirect.com.au\/wp-json\/wp\/v2\/types\/video"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/belldirect.com.au\/wp-json\/wp\/v2\/media\/7000"}],"wp:attachment":[{"href":"https:\/\/belldirect.com.au\/wp-json\/wp\/v2\/media?parent=6999"}],"wp:term":[{"taxonomy":"channel","embeddable":true,"href":"https:\/\/belldirect.com.au\/wp-json\/wp\/v2\/channel?post=6999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}