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5 things you need to know about the Australian sharemarket today

investor charts
Credit: Finance Blue

Welcome to Friday Fools. Here are the five things I’m looking at today on the Australian sharemarket.

  1. The S&P/ ASX 200 (Index: ^AXJO) (ASX: XJO) has soared 1% higher in early trading, despite weak leads from Wall Street overnight.In the US, the Dow Jones gained 0.1%, the broader S&P 500 rose 0.2% and the tech-heavy NASDAQ recorded a third consecutive 0.4% gain.Oil prices were mixed, with Brent Crude Oil rising 3.4% to US$64.85 per barrel while WTI Crude fell 0.4% to US$57.50 per barrel. (WTI stands for West Texas Intermediate and is the benchmark oil price in the US while the Brent crude oil price is more widely used in Europe.)The Australian dollar is up against the US dollar and is currently buying 77.7 US cents.
  2. The Apple Watch launches today, but media reports suggest it will take some time to become available in stores around Australia. Delivery will be for those who pre-ordered the watch, but as with most Apple products, demand is likely to exceed supply and some buyers may be waiting some time for their Watches.An estimated 1 in 4 iPhone users is expected to buy an Apple Watch to use with their mobile in the next few years. Android phone makers are also expected to unleash a storm of digital watches that could open up another profitable avenue of devices for the likes of JB Hi-Fi Limited (ASX: JBH), Dick Smith Holdings Ltd (ASX: DSH) and a host of online-only retailers.
  3. Telstra Corporation Ltd (ASX: TLS) may be streaming giant Netflix’s next internet service provider (ISP) partner, according to the Australian Financial Review (AFR). Rivals Optus – owned by Singapore Telecommunications Ltd (CHESS) (ASX: SGT) and iiNet Limited (ASX: IIN) have already signed deals with Netflix, and it probably won’t be long before Telstra signs a deal too.
  4. Tweet of the Day

     

    Xero FPO NZ (ASX: XRO) sees net loss more than double, but the accounting firm is growing strongly in both revenues and subscribers.

  5. Stock of the Day – brought to you by Tim McArthur – CSL Limited (ASX: CSL). Shares might be nudging $94, but this biotech stock still has plenty of potential ahead. Read more here.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Mike King owns shares of CSL Ltd. and Telstra Limited. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia owns shares of Xero. 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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