S&P/ASX 200 to open lower: 7 shares to watch

Credit: Cimexus

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

Here’s a recap:

  • Dow Jones (USA): down 1.29%
  • NASDAQ (USA): down 3.25%
  • FTSE 100 (UK): down 0.86%
  • DAX (Germany): down 1.14%

In the US on Friday, the NASDAQ fell 3% as big technology stocks took a tumble and Wall Street fell on mixed employment data. Alphabet Inc. (formally Google) and Apple Inc. fell 3.6% and 2.7%, respectively. European markets also ended sharply lower. FTSE-listed shares of Rio Tinto Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP) ended 2.9% and 0.4% lower, respectively.

Closer to home, the Sydney Futures Exchange is tipping a 56-point, or 1.1%, fall in the S&P/ASX 200.

Shares in focus will include JB Hi-Fi Limited (ASX: JBH). This morning, the retail heavyweight released its half-year results to the market revealing a 7.5% jump in profit and a dividend of 63 cents per share.

Ansell Limited (ASX: ANN) released its half-year results showing a 21% drop in net profit. Royal Wolf Holdings Ltd (ASX: RWH) reported a 26% drop in its half-year profit, a three cents per share interim dividend and the resignation of its CEO. In a statement to the ASX, Broadspectrum Ltd (ASX: BRS) said it expects its financial year 2016 underlying operating profit to come in between $280 million and $300 million.

Finally, Capitol Health Ltd (ASX: CAJ) recorded a 56% jump in revenue but a 52% fall in profit during its most recent half-year reporting period.

In broker news, analysts at Macquarie downgraded their price target on National Australia Bank Ltd (ASX: NAB) shares by 3.2% to $30.50, while analysts at Deutsche Bank lifted their price target on WHITEHAVEN COAL LIMITED (ASX: WHC) shares 10% to $1.10.

Want our BEST technology stock idea?

Our expert analysts recently hand-picked their top technology stock idea for 2016. And it's easy to see why: It has a big dividend yield, is growing rapidly and has heaps of cash on its balance sheet. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.


Motley Fool writer/analyst Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Alphabet (A shares) and Apple. 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.