ASX preview on Tuesday: 10 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to rebound after yesterday’s 0.3% slide with the futures market pointing to a 17-point jump at the open.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.33%
  • DAX (Germany): up 0.22%
  • CAC 40 (France): up 0.13%
  • Dow Jones (USA): down 0.1%
  • NASDAQ (USA): up 0.24%

Shares of the gold miners soared on Monday. In fact, the top seven best performers yesterday were all gold miners. The Evolution Mining Ltd (ASX: EVN) share price surged 6.8% and Resolute Mining Limited (ASX: RSG) rose 6.4%. St Barbara Ltd (ASX: SBM) was the best performer from the entire ASX 200 cohort, with the SBM share price rising 8.3%.

The gold price remained flat overnight at US$1,204 an ounce, which could dampen the miners’ chances of rallying again today.

Oil prices remained fairly flat as well, but the iron ore price gained 1.8%. That could provide some support for the BHP Billiton Limited (ASX: BHP) share price, which fell marginally on Monday, together with Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG).

Elsewhere, BWP Trust (ASX: BWP) could be back in focus after its shares fell on Monday. According to the Dow Jones Newswires, UBS downgraded its target price for the trust from Neutral to Sell which weighed on its price yesterday.

The Impedimed Limited (ASX: IPD) and Lifehealthcare Group Ltd (ASX: LHC) share prices also fell on Monday, so investors will be looking for some reprieve today.

Finally, 1-Page Ltd (ASX: 1PG) will remain in a trading suspension today. The company voluntarily suspended its shares on Friday pending an announcement “in relation to a disposal” with The Australian Financial Review reporting that the board is readying to shut the company down.

Before getting started on your day, be sure to check out these two articles:

  1. Seeking income? 3 high-yield dividend shares to buy today
  2. Why these 4 ASX shares have started the week deep in the red

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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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