5 shares you need to watch on Friday

Telstra (ASX:TLS) has revised its guidance for FY18

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rebound today. After falling 41 points on Thursday, the futures market is pointing to a 22-point gain at the open.

Here's a quick recap:

  • FTSE 100 (UK): down 0.9%
  • DAX (Germany): down 0.29%
  • CAC 40 (France): down 0.47%
  • Dow Jones (USA): up 1.39%
  • NASDAQ (USA): up 0.73%

The Telstra Corporation Ltd (ASX: TLS) share price could be in focus today after it revised its full-year earnings guidance lower for the nbn.

The telco confirmed that it still expects to pay a total of 22 cents per share in dividends for the year, but reduced its total income guidance by $0.7 billion to between $27.6 billion and $29.5 billion. This should result in a $0.2 billion reduction in free cash flow for the year.

FONTERRA UNIT NZX (ASX: FSF), or the Fonterra Shareholders' Fund, will be placed in a trading halt today pending the decision from an arbitration tribunal relating to legal proceedings from 2014. Fonterra said:

"The decision is expected to be both lengthy as well as complex. Fonterra expects that it will not be in a position to immediately assess the financial implications of the decision and advise this to the market. Fonterra will make a market announcement of the implications once it has completed that assessment."

The Appen Ltd (ASX: APX) share price could also receive more attention today after soaring 22.5% on Thursday following the announcement of a major acquisition by the group.

Other companies that could also receive some attention include Myer Holdings Ltd (ASX: MYR), which gained 6.1% on Thursday, as well as Aristocrat Leisure Limited (ASX: ALL), which slipped 6.8%.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Ryan Newman owns shares of Amazon and Appen Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Amazon. The Motley Fool Australia owns shares of Appen Ltd and 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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