Market wraps 19th January 2021

Morning Bell - Jessica Amir

The ASX200 is eyeing a 0.6% lift at the open, which could erase some of yesterday’s 0.8% fall.

The UK continues its world leading vaccine rollout, extending vaccinations to those over 70.

All eyes are on commodity stocks as China’s economy rose more than expected in the fourth quarter, up 6.5%, taking yearly growth to 2.3%. This makes China the only country to grow last year.

Local trading ideas:

  • Super Retail Group (ASX:SUL) was upgraded by UBS yesterday to a buy with a new $12.60 target.
  • Mesoblast (ASX:MSB) was maintained as a Bell Potter speculative buy with a $5.10 target, implying 107% upside in a year from yesterday’s close.
  • Chalice Mining (ASX:CHN), McMillan Shakespeare (ASX:MMS) and Catapult (ASX:CAT) are giving off bullish charting signals according to Trading Central.