The Motley Fool

S&P/ASX 200 to open lower on Monday: 5 shares to watch

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is set to open slightly lower on Monday despite modest gains from global markets on Friday.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.12%
  • DAX (Germany): up 0.1%
  • CAC 40 (France): up 0.32%
  • Dow Jones (USA): down 0.1%
  • NASDAQ (USA): flat

In Europe, markets ended higher. London’s FTSE 100 set a record high, ending at 7,424 points. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 0.6% and 0.01% higher, respectively.

In the US, markets ended mostly flat on Friday. However, they finished the week higher, for the seventh time in a row.

Closer to home, the Australian market or S&P/ASX 200 is expected to open slightly lower.

Shares in focus will include SEEK Limited (ASX: SEK). This morning, the online jobs marketplace increased its stake in its online education service, from 50% to 80%. The deal with Swinburne University of Technology will cost Seek $118 million.

Meanwhile, health technology business Pro Medicus Limited (ASX: PME) announced a record implementation of its Visage 7 program at Mercy, the fifth largest Catholic health system in the US.

Fletcher Building Limited (Australia) (ASX: FBU) announced a profit guidance downgrade for its 2017 financial year. A larger-than-expected loss on a major construction project led the company to lower its operating profit guidance from between $720 million and $760 million to between $610 million and $650 million.

Sydney Airport Holdings Ltd (ASX: SYD) announced a 4.2% increase in international passengers for the month of February, with domestic passenger traffic falling 2.5% year over year.

Finally, Liquefied Natural Gas Ltd (ASX: LNG) revealed that a TERMPOL review of its Bear Head LNG project in Canada has been completed. The company said it is an important regulatory approval, allowing it to unlock its LNG opportunity.

These 3 stocks could be the next big movers in 2020

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

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.

Related Articles...

Latest posts by Owen Raszkiewicz (see all)