S&P/ASX 200 open Wednesday: 10 shares to watch

The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) is expected to open lower on Wednesday, with shares of Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking Corp (ASX:WBC) in focus.

| More on:

The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) is expected to open lower on Wednesday, with shares of Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) in focus.

Here’s a quick recap of global markets:

  • FTSE 100 (UK): up 0.6%
  • DAX (Germany): up 0.4%
  • CAC 40 (France): up 0.3%
  • Dow Jones (USA): down 0.2%
  • NASDAQ (USA): down 0.1%

In London, shares ended higher following a rally in mining shares. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 2.1% and 1.1% higher, respectively.

Across the pond, US markets ended lower despite reaching a new high during the period. Falling oil prices weighed on the energy sector.

Closer to home, the ASX 200 is expected to open slightly lower today, following a release of the Government’s 2017 Budget overnight.

Shares in focus will include CBA, Westpac, Australia and New Zealand Banking Group (ASX: ANZ), National Australia Bank Ltd. (ASX: NAB) and Macquarie Group Ltd (ASX: MQG). As part of the Government’s Budget, a tax of 0.06% will be imposed on the Big Banks.

In other news, CSR Limited (ASX: CSR) announced that its full-year revenue rose 7% to $2.46 billion with profit up 25%.

Also in focus, Boart Longyear Ltd. (ASX: BLY) shares have entered a trading halt pending a Supreme Court announcement into a scheme by its creditors for the company’s recapitalisation.

News Corp (ASX: NWS) reported a 5% rise in third-quarter sales and a break-even operating profit result, up from a $128 million loss last year.

REA Group Limited (ASX: REA) shares will also be in focus following a promising third quarter profit result. The owner of realestate.com.au reported revenue up 16% with operating profit up 20%.

Finally, Goldman Sachs analysts downgraded Fairfax Media Limited (ASX: FXJ) shares to ‘neutral’ from ‘buy’.

Wondering where you should invest $1,000 right now?

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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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's parent company Motley Fool Holdings Inc. owns shares of National Australia Bank Limited. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

The share price of ASX infant products retailer Baby Bunting Group Ltd (ASX:BBN) has been a solid performer so far …

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

A new landmark report by the Intergovernmental Panel on Climate Change (IPCC) was released earlier this week. It provided a …

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest …

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos Limited (ASX: AMS) share price has been on a tear this past week, rising 15% on the back …

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) had a breakout year in 2020, moving from relative obscurity …

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

Shares in ASX healthcare company Polynovo Limited (ASX: PNV) almost doubled in price last year. And, despite a shaky start …

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

Investing in other geographic markets has become a popular way to diversify a portfolio. The risks associated with being exposed …

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

Despite the News Corporation (ASX: NWS) share price getting a 31% bump between November last year and today, News Corp …

Read more »