ASX 200 to rise again: 12 shares you need to watch today

Fresh off its best day in months, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to rise again today as confidence rises in a Clinton victory in tomorrow’s US election.

Here’s a quick recap:

  • FTSE 100 (UK): up 1.7%
  • DAX (Germany): up 1.93%
  • CAC 40 (France): up 1.91%
  • Dow Jones (USA): up 2.08%
  • NASDAQ (USA): up 2.37%

Bets for a Clinton victory helped bolster the prices of iron ore and oil overnight. Iron ore in particular rose 3.8% to more than US$67 a tonne, according to The Metal Bulletin, which could help bolster shares of BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) today.

Meanwhile, The Australian Financial Review reported that coking coal surged by its 10% limit amid tight supply. Whitehaven Coal Ltd (ASX: WHC) has been one of the top-performing shares of 2016, and could rise even further as a result.

Unfortunately for gold bulls, the spot gold price slipped 1.9% overnight, now fetching US$1,280 an ounce. That could weigh on St Barbara Ltd (ASX: SBM), EVOLUTION FPO (ASX: EVN), Northern Star Resources Ltd (ASX: NST) and their fellow gold miners.

Outside the resource sector, Inghams Group Limited (ASX: ING) will remain in focus after its ASX debut yesterday. Its shares ended the day 2.6% higher, but did fall below their IPO price during the session.

Coca-Cola Amatil Ltd (ASX: CCL) and Woolworths Limited (ASX: WOW) could also receive some attention. The Herald Sun yesterday reported that Woolworths was reviewing its five-year contract to buy products from SPC Ardmona, owned by Coca-Cola Amatil, after just two years. It reported that Woolies was looking to cut costs by switching to other suppliers.

Online real estate giant REA Group Limited (ASX: REA) will hold its annual general meeting today, along with Newcrest Mining Limited (ASX: NCM). This could provide investors with some insight into how they’re performing so far this year.

Domino’s Pizza Enterprises Ltd. (ASX: DMP) also held its AGM late yesterday, upgrading its earnings guidance. Thus, the shares could get another boost today now that investors have digested the information.

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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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