BPO TV

Market wraps 15th February 2021

Morning Bell - Jessica Amir

Aussie shares are likely to lift 0.6% to kick off the week, hopefully erasing Friday’s 0.6% fall.

80,000 Pfizer vaccine doses arrive in Australia this week to be stored at -70 degrees with DHL ready to despatch.

What to watch today:

  • In the wake of restrictions, we could see further earnings squeezes in travel stocks like Transurban Group (ASX:TCL), Webjet (ASX:WEB), Flight Centre (ASX:FLT) and Qantas (ASX:QAN).
  • Crown Resorts (ASX:CWN) shares look likely to continue their slide.
  • Company results today: JB Hi FI (ASX:JBH), Bendigo and Adelaide Bank (ASX:BEN), Aurizon Holdings (ASX:AZJ), Cooper Energy (ASX:COE), Beach Energy (ASX:BPT) and QBE Insurance (ASX:QBE).
  • Keep an eye on some of the most traded stocks from Friday including: Ioupay (ASX:IOU) which rose 158%, BARD1 Life Sciences (ASX:BD1) which rose 177% and Douugh (ASX:DOU) which gained 47%.
  • Economic front: New home sales out today and unemployment figures are out on Thursday.

Trading ideas:

  • Citi reiterated Baby Bunting (ASX:BBN) as a buy. BBN’s new target is $6.22
  • Mirvac (ASX:MGR) was reiterated as a buy by UBS albeit with a slimmer $2.76 target following its results.
  • Hansen Technologies (ASX:HSN), Evolve Education (ASX:EVO) and RPMGlobal Holdings (ASX:RUL) are all giving off bullish charting signals according to Trading Central.