S&P/ASX 200 to open flat: 9 shares to watch

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

Here’s a recap:

  • Dow Jones (USA): down 0.08%
  • NASDAQ (USA): down 0.35%
  • FTSE 100 (UK): down 1%
  • DAX (Germany): down 1.1%

In Europe, mining shares weighed on markets as global growth concerns emerged. Brent crude was down 2.8% to $US31.95. Anglo American plc shares fell 11%, while FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed 5.8% and 4.8% lower, respectively.

In the US, markets slide modestly lower despite heavy selloffs initially.

Closer to home, the Sydney Futures Exchange is tipping the S&P/ASX 200 to open flat.

Shares in focus will include Commonwealth Bank of Australia (ASX: CBA), which today reported its half-year results revealing a 4% drop in revenue and 2% rise in profit.

Cimic Group Ltd (ASX: CIM), formally Leighton Holdings, announced its full-year results showing a 21% fall in revenue and 23% fall in profit. Stockland Corporation Ltd (ASX: SGP) upped its half-year revenue 19.2%, with profit rising 8.1%.

Junior technology business, Nearmap Ltd (ASX: NEA), witnessed a 21% increase in revenue during its half, but a loss of $3.3 million was reported.

Half-year profit at Carsales.Com Ltd (ASX: CAR) rose 10% thanks to an 11% increase in revenue. AGL Energy Ltd (ASX: AGL) announced an 8.1% jump in revenue but a loss of $449 million. Computershare Limited’s (ASX: CPU) half-year revenue fell 2.4%, but statutory profit rose 443.7%.

Finally, Boral Limited (ASX: BLD) reported a 4% fall in revenue and 30.7% drop in profit.

In broker news, analysts at WilsonHTM raised their price target on Nick Scali Limited (ASX: NCK) shares 21% to $5.40 while Deutsche Bank analysts upped their AGL Energy Ltd price target 17% to $20.10, according to Dow Jones Newswires.

Our BEST stock idea for 2016

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 owns shares of Computershare and Nearmap, and has a financial interest in Carsales.Com. 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 owns shares of Computershare. 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.