S&P/ASX 200 to jump: 5 shares to watch

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

Here’s a recap:

  • Dow Jones (USA): up 2.47%
  • NASDAQ (USA): up 2.38%
  • FTSE 100 (UK): up 2.58%
  • DAX (Germany): up 1.64%
  • EURO STOXX 50 (Europe): up 2.20%

In both Europe and the US, markets ended firmly higher following a decision by the Bank of Japan to adopt a negative interest rate policy. Together with the recent bounce in oil prices, markets closed the book on a turbulent first month of trading in 2016 on a strong footing.

FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 0.47% lower and 0.82% higher, respectively.

Closer to home, the Sydney Futures Exchange is tipping a 37 point, or 0.7%, jump in the S&P/ASX 200.

In company news, WAM Capital Limited (ASX: WAM) announced a 248% increase in operating profit before tax following a 21.8% outperformance of the All ORDINARIES Accumulation Index over the year. The Listed Investment Company (LIC) achieved its stellar outperformance despite holding 31.5% cash.

Another company in focus will be junior aerial photography business, Nearmap Ltd (ASX: NEA). This morning, Nearmap announced two senior executive appointments within the US business, a market in which it is expected to achieve big things in 2016.

Finally, Liquefied Natural Gas Ltd (ASX: LNG) announced its quarterly report to the ASX, showing a net operating cash outflow of $44 million.

In broker news, Bell Potter analysts cut their price target on shares of QBE Insurance Group Ltd (ASX: QBE) from $15.50 to $13.25, while Credit Suisse cut their target on Orica Ltd (ASX: ORI) shares from $16.91 to $15.30, according to Dow Jones Newswires.

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Motley Fool writer/analyst Owen Raszkiewicz owns shares of Nearmap and Liquefied Natural Gas Ltd. Owen welcomes -- and encourages -- your feedback on Google+, 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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