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6 shares you need to watch on Friday

bulls vs bears

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to slide around 9 points this morning, as indicated by the futures market, despite a mostly positive session on equities markets overnight.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.05%
  • DAX (Germany): up 0.12%
  • CAC 40 (France): up 0.25%
  • Dow Jones (USA): up 0.1%
  • NASDAQ (USA): up 0.21%

The Telstra Corporation Ltd (ASX: TLS) share price could receive more attention today with pressure mounting on the telecommunications business to cut its lucrative dividend to shareholders. The Telstra share price is sitting at $4.31, a long way below its 52-week high of $5.86.

The Collection House Limited (ASX: CLH) share price will also be in focus after the company announced a $2.45 million write-off for computer software development costs covering the period from 1 July 2010 to 31 March 2017.

Pioneer Credit Ltd (ASX: PNC), on the other hand, announced an upgrade to its FY2017 earnings guidance, as well as an outlook for the 2018 financial year. The group expects net profit after tax to hit $10.7 million this year and “at least” $16 million in 2018.

Similarly, Integrated Research Limited (ASX: IRI) said it anticipates both record profit after tax and revenue for the year completed 30 June 2017. Licence sales are expected to be between $52 million and $54 million, representing growth of 14% to 18%, while total revenue is expected to be between $90 million and $92 million. Profit after tax is expected to be around $18.5 million, representing 16% growth.

Finally, it could be worth keeping an eye on companies such as Sirtex Medical Limited (ASX: SRX) and Treasury Wine Estates Ltd (ASX: TWE). The pair were among the market’s top performing shares on Thursday, rising 4.1% and 4.5%, respectively.

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

  1. Top broker warns Telstra Corporation Ltd’s dividend may be slashed by 45%
  2. How I’d invest $10k in growth stocks today

Where to invest $1,000 right now

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

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Telstra 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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