ASX 200 to rise: 10 shares you need to watch today

The Sydney Futures Exchange is pointing to a small gain when the market opens this morning, following the lead set by international equity markets overnight.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.62%
  • DAX (Germany): up 0.27%
  • CAC 40 (France): up 0.41%
  • Dow Jones (USA): up 0.35%
  • NASDAQ (USA): up 0.33%

Mining giants BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) rose strongly in London overnight, supported by a blistering iron ore rally. Their local shares already rose strongly on Tuesday but more gains could be in store.

Gold lost some of its steam, falling to US$1,212 an ounce. That could weigh on businesses such as St Barbara Ltd (ASX: SBM) and Newcrest Mining Limited (ASX: NCM).

Beverage giant Coca-Cola Amatil Ltd (ASX: CCL) could receive some attention today following more calls for a tax on sugary drinks, which are the business’s specialty.

Estia Health Ltd (ASX: EHE) will hold its annual general meeting in Melbourne today. If it releases a trading update that could have repercussions for rivals Japara Healthcare Ltd (ASX: JHC) and Regis Healthcare Ltd (ASX: REG) as well.

Technology business, Technology One Limited (ASX: TNE) skyrocketed on Tuesday off the back of an earnings beat. Myer Holdings Ltd (ASX: MYR) also performed strongly with the pair likely to receive some attention from investors as a result.

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This company's dividend is almost the stuff of legends. Its reliable cash flows support a high payout ratio, and the company's stash of franking credits are the cherry on the top of the dividend cake. Based on the last 12-months of dividends, shares are offering a fully-franked 6.5% yield, which grosses up to a whopping 9.3%, when those franking credits are included.

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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.

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