ASX 200 set to make it 5 in a row: 13 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has risen every day this week and will be looking to make it five in a row today. The Sydney Futures Exchange is pointing to a minor gain at the open, after rising 0.3% on Thursday, bolstered by another strong lift in the iron ore price overnight.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.44%
  • DAX (Germany): down 0.43%
  • CAC 40 (France): down 0.59%
  • Dow Jones (USA): down 0.09%
  • NASDAQ (USA): up 0.3%

The iron ore price gained 3.5% on Thursday, pushing it above US$60 a tonne, according to The Metal Bulletin. That should bode well for miners such as BHP Billiton Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG). Fortescue’s shares have risen a little over 14% so far this week.

Gold and oil prices, on the other hand, did retreat marginally overnight, which could weigh on miners such as Woodside Petroleum Limited (ASX: WPL) and Newcrest Mining Limited (ASX: NCM).

Meanwhile, lithium miner Galaxy Resources Limited (ASX: GXY) has declared its takeover bid for General Mining Corp Ltd (ASX: GMM) is unconditional, with General Mining Corp’s directors unanimously recommending shareholders accept the offer.

Outside the mining sector, investors will turn their attention towards a number of companies which report their earnings today (or yesterday, after the market closed).

CYBG PLC CDI 1:1 (ASX: CYB), or Clydesdale and Yorkshire Banking Group, is one such company. It reported 8% annualised growth in its mortgage book vs 30 September, and 4% growth in loans to small and medium sized businesses compared to the prior period.

Healthcare business ResMed Inc. (CHESS) (ASX: RMD) also announced its fourth quarter results, reporting 14% growth in revenue, or 15% on a constant currency basis.

Yellow Brick Road Holdings Ltd (ASX: YBR) released its quarterly report, as well, reporting a 5% lift in settlements versus the prior corresponding period. Its mortgage book also grew 23%.

Meanwhile, MG Unit Trust, or Murray Goulburn, announced that following a competitive tender process, Woolworths Limited (ASX: WOW) has selected a new supplier to manufacture and package a range of its private label products. It expects annualised revenue loss to be approximately $108 million, compared to $2.87 billion in total revenue in financial year 2015.

Finally, Aconex Ltd (ASX: ACX) confirmed that its fourth quarter operating performance was consistent with expectations. It plans to officially report its results on Tuesday, 23 August.

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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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