MENU

ASX preview on Thursday: 9 shares you need to watch today

The Australian Dollar ($A) plunged against the US greenback overnight, with one Australian dollar now fetching just US75.27 cents. That could have an impact on the share prices of some businesses, although the futures market still suggests the ASX 200 will decline when the opening bell rings.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.06%
  • DAX (Germany): up 0.01%
  • CAC 40 (France): up 0.11%
  • Dow Jones (USA): down 0.13%
  • NASDAQ (USA): up 0.06%

A lot of ASX-listed businesses, including Cochlear Limited (ASX: COH), Westfield Corp Ltd (ASX: WFD) and ResMed Inc. (CHESS) (ASX: RMD), generate a large portion of their earnings overseas. As a result of the fall in the AUD, investors may take a further look into these businesses today.

It was a bad night for commodity markets. While Newcrest Mining Limited (ASX: NCM) and the other gold miners could suffer from another 0.5% dip in the gold price, the iron ore miners and energy producers could have more to worry about.

Overnight, the iron ore price dropped 2.9% to US$87.19 a tonne, according to The Metal Bulletin, with Brent oil down 3.8%. That could weigh on businesses such as BHP Billiton Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO), Fortescue Metals Group Limited (ASX: FMG) and Santos Ltd (ASX: STO).

Meanwhile, Spark New Zealand Ltd (ASX: SPK) confirmed that it is making a formal offer to acquire TeamTalk at a price of NZ$0.80 per share which represents a whopping 82% premium to the company’s three-month volume weighted average price.

Before getting started on your day, be sure to check out these two articles:

  1. Pot stocks are smoking the ASX again today
  2. Where is the DuluxGroup Limited share price going next?

A Big, Fat, Fully Franked Dividend

This company's dividend is almost the stuff of legends. Since it started paying dividends in 2007, it has increased its payout to shareholders every single year, a run that includes 21 consecutive dividend increases.

Based on the last 12-months of dividends, its shares are currently offering a fully-franked 4.8% yield, which grosses up to almost 7% when those franking credits are included. And in stark contrast to the likes of Commonwealth Bank and Telstra, this company just increased its dividend by over 13%, and guided for 2017 profits to grow by 20%!

Discover the name of this "new breed" of blue chip along with 2 others in our new FREE report "The Motley Fool's Top 3 Blue Chips Stocks For 2017."

Click here to receive your copy.

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.