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6 shares you need to watch on Wednesday

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to pick up where it left off on Tuesday. After surging 95 points higher, the futures market is pointing to a 7-point lift at the opening bell following a stronger night on Wall Street, and a rebound in tech stocks.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.15%
  • DAX (Germany): up 0.59%
  • CAC 40 (France): up 0.4%
  • Dow Jones (USA): up 0.44%
  • NASDAQ (USA): up 0.73%

The Village Roadshow Ltd (ASX: VRL) share price will be in focus today after the group announced it had agreed to sell its 50% stake in the Singapore cinema exhibition business, Golden Village. Net proceeds after tax are anticipated to be around $175 million, realising a net profit of around $160 million.

Integrated Research Limited (ASX: IRI) also announced the appointment of its new CEO after the market closed on Tuesday. Mr John Merakovsky will take the helm as of 17 July, replacing Mr Darc Rasmussen who resigned from the company in February.

The board of directors of Ten Network Holdings Limited (ASX: TEN) is expected to meet today and could request a further suspension of trading in its shares, with a possible move to put the network into administration, according to reported by The Australian Financial Review.

Bellamy’s Australia Ltd (ASX: BAL) shares are likely to remain in a trading halt today following a business update and announcement of a new acquisition on Tuesday.

Meanwhile, the BHP Billiton Limited (ASX: BHP) share price and the Fortescue Metals Group Limited (ASX: FMG) share price could receive some attention after the iron ore price slipped 2.8% overnight, according to The Metal Bulletin.

The Brent oil price rose 1.1% and gold rose 0.1%. The Australian dollar retreated slightly to US75 cents ahead of the US Federal Reserve’s latest decision on interest rates.

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

  1. Tech Stock Sell-Off: Should You Be Scared?
  2. Why these 4 ASX shares have started the week 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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