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

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

Here’s a recap:

  • FTSE 100 (UK): down 0.27%
  • DAX (Germany): down 0.59%
  • CAC 40 (France): down 0.45%
  • Dow Jones (USA): up 0.53%
  • NASDAQ (USA): up 0.21%

In London, shares started off weak but rebounded to end only marginally lower. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 2.4% and 1.1% lower, respectively.

Across the pond, US markets ended slightly higher as the dollar began to weaken against the British pound. Shares in the consumer staples and utilities sectors were the best performing.

Closer to home, the Sydney Futures Exchange is tipping a 35-point, or 0.7%, rise from the S&P/ASX 200.

Shares in focus will include Crown Resorts Ltd (ASX: CWN). Following the announcement of a proposed restructure, S&P Global Ratings placed Crown on credit watch with negative implications citing less diversification.

This morning, litigation specialist IMF Bentham Ltd (ASX: IMF) announced the funding of a new US case with an initial claim value of $35 million.

Doray Minerals Limited (ASX: DRM) said drilling results at its Gnaweeda Project showed signs of gold mineralisation, including “several outstanding high-grade results.”

Superloop Ltd (ASX: SLC) shares entered a trading halt this morning pending the announcement of a proposed capital raising.

Finally, in broker news:

  • Deutsche Bank analysts cut their Virgin Australia Holdings Ltd (ASX: VAH) price target 32% to $0.30;
  • Macquarie analysts cut their Alumina Limited (ASX: AWC) price target 15% to $1.40; and
  • Morgan Stanley analysts raised their JB Hi-Fi Limited (ASX: JBH) price target 13% to $26, according to Dow Jones Newswires.

This stock is a 'BUY'

This "dirt cheap" company is growing like gangbusters, and trading on a fat dividend yield, FULLY FRANKED. With interest rates set to stay at these low levels for years to come, for income-hungry investors, including SMSFs, this ASX company could be the "Holy Grail" of dividend plays for 2016. Click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned in this article. You can follow Owen on Twitter @ASXinvest.

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.