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Shares hit turmoil: 10 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to come under pressure today. Shares across the U.S. plunged overnight following the latest Trump crisis.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.25%
  • DAX (Germany): down 1.35%
  • CAC 40 (France): down 1.63%
  • Dow Jones (USA): down 1.78%
  • NASDAQ (USA): down 2.57%

According to CNBC, Wall Street’s plunge came after reports that Donald Trump allegedly tried to interfere with an ongoing investigation by asking former FBI Director James Comey to dismiss the investigation into Michael Flynn, the former national security advisor.

The news could put pressure on some of Australia’s blue chip stocks which carry the most weight in the ASX 200 index.

Gold stocks such as Newcrest Mining Limited (ASX: NCM), Evolution Mining Ltd (ASX: EVN) and St Barbara Ltd (ASX: SBM), on the other hand, should benefit from a 1.9% increase in the gold price overnight. That was likely sparked by the uncertainty surrounding the Trump situation.

PUSHPAY FPO NZX (ASX: PPH) has released its results for the year ended 31 March 2017, reporting a 97.9% increase in annualised committed monthly revenue (ACMR) and a 78.9% increase in its total number of customers.

James Hardie Industries plc (ASX: JHX) also released its preliminary final report for the year ended 31 March 2017, announcing an 11% increase in net sales and a 13% increase in net profit.

The Appen Ltd (ASX: APX) share price will also be in focus after it released a trading update after the market closed on Wednesday, significantly increasing its full-year earnings guidance.

It may also be worth keeping an eye on a number of businesses that experienced sharp share price movements on Wednesday. Vita Group Limited (ASX: VTG) plummeted more than 30%, while NIB Holdings Limited (ASX: NHF), Medibank Private Ltd (ASX: MPL) and OrotonGroup Limited (ASX: ORL) also fell sharply.

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

  1. Am I too old to start investing?
  2. You’d be nuts to keep all your money in the Australian Dollar (A$) in 2017

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Motley Fool contributor Ryan Newman owns shares of Appen Ltd. The Motley Fool Australia owns shares of Appen Ltd. 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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