Market wraps 15th January 2021
Morning Bell - Jessica Amir
The ASX200 is eyeing a fall of 0.1% at the open.
Joe Biden unveiled his stimulus plan of US$1.9 trillion and the US senate will vote on impeaching Trump.
Johnson & Johnson’s one-dose COVID-19 vaccine trial showed a promising immune response.
What to watch today:
- Home and investment loans numbers are out with home loans expected to rise about 0.5% in November.
- Following building permit numbers being released yesterday with building approvals rising 2.6% in November, Morgan Stanley upgraded brick maker Boral (ASX:BRL) to a buy with a $5.80 target.
Local trading ideas:
- Macquarie reiterated Bluescope Steel (ASX:BSL) as a buy with a $21.20 target, expecting strong uplifts in forecasts as the steel market remains strong.
- Apiam Animal Health (ASX:AHX), Class (ASX:CL1) and Ava Risk Group (ASX:AVA) are all giving off strong bullish charting signals according to Trading Central.