Market wraps 7th December 2020
Morning Bell - Jessica Amir
The ASX200 is eyeing a gain of 0.6% at the open.
Victoria and South Australia will welcome international flights and passengers starting today and NSW will ease restrictions at hospitality venues.
What to watch this week:
- Metcash (ASX:MTS) reports results today.
- NAB business confidence, building permits for October and Consumer Confidence is out tomorrow.
Local trading ideas:
- Bell Potter upgraded PSC Insurance’s (ASX:PSI) Buy rating with an increased $3.40 price target.
- Bell Potter highlighted some stocks to watch including City Chic (ASX:CCX), Premier Investments (ASX:PMV), Domino’s Pizza (ASX:DMP) and Accent (ASX:AX1).
- Temple and Webster (ASX:TPW), NEXTDC (ASX:NXT) and Stanmore Coal (ASX:SMR) are all showing bullish charting signals according to Trading Central.