MENU

ASX 200 to jump higher: 14 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rise as much as 0.6% at the opening bell this morning after oil prices surged higher overnight. Iron ore, on the other hand, fell 3.4% to US$70.34 a tonne, according to The Metal Bulletin.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.03%
  • DAX (Germany): up 0.19%
  • CAC 40 (France): up 0.56%
  • Dow Jones (USA): up 0.47%
  • NASDAQ (USA): up 0.89%

Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) could be dragged lower today as a result of the falling iron ore price.

That could also impact BHP Billiton Limited (ASX: BHP), although the miner could also be supported by the strong rise in the price of oil, which rose 4.4% overnight. Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could also benefit.

New Zealand-based Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) reported a 26% increase in its first-half net profit result this morning, off the back of a 12% rise in operating revenue. Fisher & Paykel’s result could impact the shares of competitors ResMed Inc. (CHESS) (ASX: RMD) and Somnomed Limited (ASX: SOM) today as well.

Karoon Gas Australia Limited (ASX: KAR) and BT Investment Management Ltd (ASX: BTT) both endured sharp falls yesterday, and could be on the market’s radar again.

So too could Baby Bunting Group Ltd (ASX: BBN), which soared yesterday off the back of impressive comparable sales growth figures.

Mesoblast limited (ASX: MSB) will hold its annual general meeting in Melbourne today, which should receive some attention from investors. FlexiGroup Limited (ASX: FXL) will also hold its AGM along with Monadelphous Group Limited (ASX: MND).

HOT OFF THE PRESSES: Motley Fool's #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this 'under the radar' consumer favourite is both a hot growth stock AND our expert's #1 dividend pick for 2017. Now we're pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is click the link below!

Simply click here to receive your copy of our brand-new FREE report, "The Motley Fool's Top Dividend Stock for 2017."

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.