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4 shares you need to watch on Tuesday

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to retreat further today. After falling around 7 points on Monday, the futures market is pointing to another 22-point decline this morning.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.24%
  • DAX (Germany): down 0.4%
  • CAC 40 (France): down 0.73%
  • Dow Jones (USA): up 0.07%
  • NASDAQ (USA): up 0.1%

The Tower Limited (Australia) (ASX: TWR) share price is likely to come under pressure today. The company’s New Zealand-listed shares are trading nearly 16% lower at the time of writing after the company reported its full-year results (a loss after tax of $8 million) and a capital raising.

Ruralco Holdings Ltd (ASX: RHL) reported its full-year results to the market, as well, with revenue rising 2% and underlying net profit after tax up 95% to $26.2 million.

And Incitec Pivot Ltd (ASX: IPL) reported a 17% increase in earnings before interest and tax (EBIT) to $501.2 million, while net profit rose 8% to $318.7 million.

Meanwhile, Sirtex Medical Limited (ASX: SRX) provided a trading update for the first quarter of financial year 2018, saying that worldwide dose sales were flat versus the pror corresponding period. Reported sales revenue for the period was down 4.8%, partially due to currency headwinds, although its unaudited constant currency profit before tax was up 11.3%.

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Motley Fool contributor Ryan Newman has no position in any of the 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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