Market wraps 23rd December 2020
Morning Bell - Jessica Amir
The ASX200 is eyeing a lift of 0.9% at the open, which should recover some of yesterday’s 1.1% loss.
US Congress leaders approved US$900 billion in COVID-19 aid which includes giving $600 to individuals.
Economic growth in the US grew 33.4% last quarter, erasing the prior 31.4% fall in April-June. The UK economy also grew in the third quarter, rising by a record 16%.
All eyes will be on the NSW Premier today with restrictions expected to remain until after Christmas.
Local trading ideas:
- Janison Education (ASX:JAN) was upgraded as a Bell Potter buy with a new $0.60 price target. This week JAN signed a 5-year $5m deal with Chartered Accountants to deliver an online education program.
- Youfoodz Holdings (ASX:YFZ) was called out as a Bell Potter buy for the first time with a $1.50 target, implying 57% growth in a year from yesterday’s close
- LaserBond (ASX:LBL), Kingsrose Mining (ASX:KRM) and Elders (ASX:ELD) are all showing bullish charting signals according to Trading Central.