S&P/ASX 200 to LIFT: 7 shares to watch

The S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to trade higher following mixed leads from international markets on Friday.

Here’s a recap:

  • Dow Jones (USA): up 0.32%
  • NASDAQ (USA): down 0.12%
  • FTSE 100 (UK): down 0.69%
  • DAX (Germany): down 0.25%
  • EURO STOXX 50 (Europe): down 0.20%
  • Shanghai Composite (China): down 5.33%

In the US, shares tossed and turned from positive to negative and back again throughout trading, shrugging off losses on the Shanghai Composite yesterday. Alcoa Inc., a world leader in lightweight metals technology, kicked off US corporate earnings season showing a fourth-quarter loss of $US500 million, largely a result of a restructuring cost and falling aluminum and alumina prices.

In Europe, shares were unable to buck the trend of falling prices. Germany’s DAX is down 8.54% for the year, so far. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 0.26% and 2.42%, respectively, overnight.

Closer to home, the Sydney Futures Exchange is tipping a 13-point, or 0.2% rise in the S&P/ASX 200.

Shares of Aluminia Limited (ASX: AWC), which owns 40% of Alcoa World Alumina and Chemicals (AWAC) will be in focus today.

So too will shares of WHITEHAVEN COAL LIMITED (ASX: WHC) after the company reaffirmed guidance of EBITDA (earnings before interest, tax, depreciation and amortization) of between $100 million and $105 million for the first half of its 2016 financial year.

Uranium miner, Energy Resources of Australia Limited (ASX: ERA) said it plans to update the market with a strategic review this quarter. The miner’s Ranger 3 Deeps mine remains on care and maintenance.

In broker news, Bell Potter has placed a buy rating on Commonwealth Bank of Australia (ASX: CBA), and Macquarie analysts cut their Origin Energy Limited (ASX: ORG) price target by 3.6% to $5.35, according to Dow Jones Newswires.

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Motley Fool writer/analyst Owen Raszkiewicz has no position in any stocks mentioned.

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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