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Morning Market Movers: 11 stocks to watch

The local sharemarket is expected to open the day higher following strong leads from Europe overnight.

In Europe, a weaker currency and expectations of further central bank stimulus saw Paris’ CAC 40 rise 1.08%, and London’s FTSE 100 climb 0.88%.

Unfortunately, FTSE-listed shares of BHP Billiton Limited (ASX: BHP) closed another 2.4% lower overnight, as fears of falling copper prices weighed on the already high expectations of a cut to its dividend.

US shares were closed for the Thanksgiving holiday.

Closer to home, the Sydney Futures Exchange is pointing to a 16-point rise in the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) following a solid gains yesterday.

Once again shares of the embattled legal business, Slater & Gordon Limited (ASX: SGH), are expected to come under pressure with analysts at major investment banks dramatically reducing their price target forecasts this morning. Yesterday, Slater & Gordon’s share price fell over 50% as investors reacted to proposed changes in the small claims courts of the UK.

Share prices of oil companies such as Woodside Petroleum Limited (ASX: WPL), Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO) may also be volatile today after oil prices declined 1.5%, to $US45.46 per barrel, overnight.

OrotonGroup Limited (ASX: ORL), Premier Investments Limited (ASX: PMV) and Regional Express Holdings Ltd (ASX: REX) are expected to hold their Annual General Meetings today.

Following the successful institutional component of the recent Transurban Group (ASX: TCL) capital raising this morning, shares of the toll road owner are expected to resume trading on the ASX. Transurban went into a trading halt earlier this week to conduct a $1 billion capital raising to fund its latest acquisition, Brisbane’s AirportlinkM7.

National Australia Bank Ltd. (ASX: NAB) confirmed its decision to demerge its Clydesdale bank assets in the UK. It’ll release the Scheme booklet in the week beginning 7 December 2015.

Finally, Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) announced its half-year report this morning, showing a 27% jump in profit year over year. Operating revenue was a record NZ$381 million, up 20%.

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Motley Fool contributor Owen Raskiewicz owns shares of Slater & Gordon Limited.

Owen welcomes your feedback on Google plus (see below), LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. 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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