The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to rise around 9 points this morning, as per the futures market, following a generally positive lead set by international markets on Friday.
Here’s a quick recap:
- FTSE 100 (UK): up 0.6%
- DAX (Germany): up 0.48%
- CAC 40 (France): up 0.89%
- Dow Jones (USA): up 0.11%
- NASDAQ (USA): down 0.22%
The Woolworths Limited (ASX: WOW) share price and Wesfarmers Ltd (ASX: WES) share price could receive some attention today following news that Amazon.com (NASDAQ: AMZN) will acquire Whole Foods Market (NASDAQ: WFM), greatly expanding its capacity in the grocery space.
Although the deal won’t impact Woolworths or Wesfarmers directly, it signifies the threat that Amazon could pose for Australia’s grocery sector when it does expand into Australia. The Metcash Limited (ASX: MTS) share price could also receive some attention due to its association with IGA.
The Adairs Ltd (ASX: ADH) share price will likely be in the spotlight again after it soared more than 47% on Friday. In a response to a price query issued by the ASX, Adairs’ management said that it was not aware of any information concerning it that could explain the high trading in its shares.
It also added: “In particularly, ADH is not aware of any information that its earnings for the 6 month period ending 30 June 2017 are likely to differ materially (upwards or downwards) from the current earnings guidance it has given for the period.” That may have eased some concerns for investors following a poor performance from the business in recent times.
Other shares that experienced big moves on Friday include Reliance Worldwide Corporation Aus P Ltd (ASX: RWC), Mineral Resources Limited (ASX: MIN), Galaxy Resources Limited (ASX: GXY) and RCG Corporation Ltd (ASX: RCG). All could be worth keeping an eye on today.
Before getting started on your day, be sure to check out these two articles:
- 3 beaten down dividend shares in the bargain bin
- Here’s why the Blackmores Limited share price has plummeted this month
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The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Amazon and Whole Foods Market. Motley Fool contributor Ryan Newman owns shares of Amazon. The Motley Fool Australia owns shares of Wesfarmers Limited. 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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