7 shares you need to watch on Thursday

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set for a minor retreat at the opening bell with the futures market pointing to a 2-point decline.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.06%
  • DAX (Germany): up 0.17%
  • CAC 40 (France): down 0.02%
  • Dow Jones (USA): up 0.18%
  • NASDAQ (USA): up 0.25%

The Baby Bunting Group Ltd (ASX: BBN) share price could receive some more attention today after they dropped 7.2% on Wednesday, sparked by a business update that may have concerned some investors.

Similarly, Automotive Holdings Group Ltd (ASX: AHG) fell 3% on Wednesday, making it the worst performing share from the ASX 200 cohort. Investors will be hopeful for a recovery today.

On a more positive note, there were a number of shares that closed significantly higher. Among them were Blackmores Limited (ASX: BKL), up 6.2%, as well as Flight Centre Travel Group Ltd (ASX: FLT) and Bega Cheese Ltd (ASX: BGA), which rose 4.1% each.

And the iron ore miners could receive some attention after the ore price fell 2.2% overnight to US$59.65 a tonne, according to The Metal Bulletin. That could weigh on shares such as Fortescue Metals Group Limited (ASX: FMG).

Why Elon Musk's "secret weapon" was the most shorted share in Australia...

On 9 March, the visionary Tesla co-founder and CEO made a bold $63,000,000 to save a large swath of Australia. But in the process, he accidentally revealed the small Melbourne-based company that allows him to consistently make the impossible possible. At one point, this little understood company was actually the single most heavily shorted share in all of the ASX. Yet oddly enough, nine out of 10 analysts call it a screaming BUY! And that includes Motley Fool Australia.

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Motley Fool contributor Ryan Newman has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Blackmores Limited and Flight Centre Travel Group 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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