8 shares you need to watch on Monday

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rise this morning. The futures market is pointing to a 10-point rise at the open, aided by a jumping iron ore price.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.05%
  • DAX (Germany): up 1.25%
  • CAC 40 (France): up 0.47%
  • Dow Jones (USA): up 0.29%
  • NASDAQ (USA): up 0.94%

According to The Metal Bulletin, the iron ore price rose 3.3% to US$57.79 a tonne. That could help the Fortescue Metals Group Limited (ASX: FMG) share price, the Rio Tinto Limited (ASX: RIO) share price, and the BHP Billiton Limited (ASX: BHP).

That said, BHP’s shares could also be impacted by a 1.3% decline in oil prices. Gold was up about 1% to just under US$1,280 an ounce and the Australian dollar was fetching US74.35 cents.

The Medical Developments International Ltd (ASX: MVP) share price will likely get some attention today after the group signed a significant Manufacturing Development project with CSIRO. The agreement extends the business’ existing partnership with the research organisation, with MVP investing up to $3 million in the project over three years. Its shares rose more than 5% during Friday’s session.

The Sirtex Medical Limited (ASX: SRX) share price could also get some attention after it presented its SIRveNIB study data.

Blackmores Limited (ASX: BKL) shares fell on Friday after it announced it would enter the medical cannabis industry. TPG Telecom Ltd (ASX: TPM) also struggled, along with Yowie Group Ltd (ASX: YOW), and could thus receive more attention from investors during today’s session.

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

  1. It’s official: Blackmores Limited is moving into the medical cannabis sector
  2. 3 ASX technology shares you’ve never heard of

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of TPG Telecom Limited. 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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