ASX preview on Tuesday: 9 shares you need to watch today

The Navitas Limited (ASX: NVT) share price will come into focus again today after the company’s share price was flatted on Monday. The NVT share price declined 14.9% for the day after what had been a relatively flat run since the beginning of 2017.

At the same time, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) will look to defend yesterday’s gains, although the futures market is pointing to a slight dip at the open which could make that difficult.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.33%
  • DAX (Germany): down 0.57%
  • CAC 40 (France): down 0.46%
  • Dow Jones (USA): down 0.24%
  • NASDAQ (USA): down 0.37%

The iron ore price is back below US$90 a tonne, according to The Metal Bulletin, which could weigh on the BHP Billiton Limited (ASX: BHP) share price, along with the Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) share prices.

According to The Australian Financial Review, some analysts now suggest the iron ore price could tumble as much as 30% during the second half of the year. That could put a real dent in the miners’ share prices.

Elsewhere in the resources sector, the gold price came under further pressure overnight. Shares of businesses such as St Barbara Ltd (ASX: SBM) and Evolution Mining Ltd (ASX: EVN) have come under pressure in recent sessions and the same could happen today.

Other shares that could receive some attention today include Aconex Ltd (ASX: ACX) and iSentia Group Ltd (ASX: ISD), both of which experienced strong rallies on Monday.

Small-cap biotechnology group Dorsavi Ltd (ASX: DVL) could also receive some attention after it closed 6.3% lower yesterday at 37.5 cents. According to the Dow Jones Newswires, Dorsavi’s shares were initiated at a ‘buy’ with a 63-cent share price target by Bell Potter.

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO. 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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