ASX 200 to slide: 9 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to reverse some of yesterday’s strong gains, despite another surge in the oil price and a stunning rebound for iron ore.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.45%
  • DAX (Germany): down 1%
  • CAC 40 (France): down 0.39%
  • Dow Jones (USA): up 0.36%
  • NASDAQ (USA): down 1.36%

Iron ore soared 8.7% overnight, taking the resource back to US$78.36 a tonne, according to The Metal Bulletin. That could bolster shares such as Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG).

BHP Billiton Limited (ASX: BHP) should also benefit from another 4.7% surge in the price of oil to US$54.27 a barrel. Santos Ltd (ASX: STO), Sundance Energy Australia Ltd (ASX: SEA) and Woodside Petroleum Limited (ASX: WPL) recorded strong gains on Thursday and will likely be in focus again today.

Aconex Ltd (ASX: ACX) had a day to forget yesterday, slipping 5.9%, and could receive some attention as well.

Shares in telco giant Vocus Communications Limited (ASX: VOC) have also been hammered this week. They managed to stem their losses yesterday, however.

Finally, Premier Investments Limited (ASX: PMV) will hold its annual general meeting in Richmond, Victoria today. Its shares have fallen heavily over the past four months or so, and will likely be in focus today.

Big, Fat, Dividends

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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