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

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

Here’s a recap:

  • Dow Jones (USA): up 0.28%
  • NASDAQ (USA): down 0.51%
  • FTSE 100 (UK): up 0.58%
  • DAX (Germany): up 0.39%
  • CAC 40 (France): up 0.58%

In London, trading was volatile but shares ended higher ahead of the results from the US Federal Reserve and Bank of Japan policy updates. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 1.1% and 0.1% lower, respectively.

In the US, major technology shares weighed heavily on markets. Apple Inc. shares closed 6.2% lower, while Twitter Inc shares fell 16%. Both companies reported their results yesterday, missing the expectations set by analysts.

Closer to home, the Sydney Futures Exchange is tipping a 52-point, or 1%, rise in the S&P/ASX 200.

Shares in focus will include Broadspectrum Ltd (ASX: BRS). Yesterday afternoon, Broadspectrum announced it secured $100 million in energy sector work and reaffirmed its outlook for its 2016 and 2017 financial years.

This morning, Northern Star Resources Ltd (ASX: NST) reported its quarterly results for the period through March. The gold miner revealed production of 142,630 ounces, down slightly on the prior quarter, at an all-in sustaining cost of $985 per ounce.

Genesis Energy Ltd (ASX: GNE) and Meridian Energy Ltd (ASX: MEZ) entered a four-year swap agreement which will keep the two coal/gas Rankine Units at the Huntly Power Station available in the electricity market.

Also this morning, Stockland Corporation Ltd (ASX: SGP) issued a market update saying it remains on track to achieve underlying earnings per share growth between 6.5% and 7.5% in FY16.

Finally, in broker news, analysts at Canaccord Genuity raised their Senex Energy Ltd (ASX: SXY) price target 33% to $0.28, while Bell Potter analysts cut their Macquarie Group Ltd (ASX: MQG) price target 3.3% to $88, according to Dow Jones Newswires.

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Motley Fool Contributor 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 Apple and Twitter. 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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