ASX 200 to open flat: 9 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to open this morning’s session virtually unchanged. The Australian dollar, on the other hand, has trended lower towards US76 cents.

Here’s a quick recap:

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

The Reserve Bank of Australia will be happy with the Australian dollar’s decline. It will turn its attention to Wednesday’s Consumer Price Index (CPI) data release which could be a deciding factor as to whether or not to cut interest rates any further, starting with its meeting on Tuesday, 1 November.

Today, Healthscope Ltd (ASX: HSO) and SKYCITY Entertainment Group Limited-Ord (ASX: SKC) will be in focus. The pair’s share prices collapsed on Friday last week off the back of disappointing trading updates.

SkyCity in particular had already been under pressure following the arrests of 18 staff members of its rival, Crown Resorts Ltd (ASX: CWN). Meanwhile, The Australian Financial Review reported that Matt Bekier, CEO of Star Entertainment Group Ltd (ASX: SGR), has also cancelled his trip to Macau as a result of the events.

While the gaming and entertainment businesses struggled last week, aerial imaging business Nearmap Ltd (ASX: NEA) saw its shares soar higher. They ended last week at 89 cents and investors will likely take another look at the business this week.

Travel agency business Flight Centre Travel Group Ltd (ASX: FLT) could receive some attention after a team of students from Griffith University, taking part in the annual CFA Institute Research challenge, labelled the stock a “sell”.  According to The AFR, they think the shares are 9% overvalued based on Friday’s closing price.

Energy businesses such as Santos Ltd (ASX: STO) and Liquefied Natural Gas Ltd (ASX: LNG) could receive a boost from a rising oil price, while gold and iron ore both remained mostly flat.

Finally, Super Retail Group Ltd (ASX: SUL) will hold its Annual General Meeting in Queensland today, whereby any material announcements could move the dial on its share price.

Discover How 1 Man Made 100x His Money After 50

Few know, that as Warren Buffett blew out the candles on his 50th birthday cake, he had just 1% of his current fortune. Think about it: At an age when most give up hope, Buffett was just getting started on the remaining 99% of his fortune. Goes to show you that it's never too late for you to potentially get rich. Which is why we've gathered the strategies we learned from Buffett, distilled them down to 11 simple lessons, and put it in an exclusive report for you to claim. Just click here to learn more about this handy investing guide.

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.

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.