6 shares you need to watch on Tuesday

Tech stocks could be in focus after Aconex (ASX:ACX) received a massive takeover offer on Monday

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to continue its rise today following yesterday’s 41-point jump and a positive session for international markets.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.62%
  • DAX (Germany): up 1.59%
  • CAC 40 (France): up 1.33%
  • Dow Jones (USA): up 0.57%
  • NASDAQ (USA): up 0.84%

Australian-listed technology stocks could remain in focus today following yesterday’s acquisition of Aconex Ltd (ASX: ACX). The business was purchased at a 47% premium to its previous closing price, leading some to believe that other tech businesses may also be undervalued.

The likes of WiseTech Global Ltd (ASX: WTC) and XERO FPO (ASX: XRO) rallied strongly on Monday, and could thus be in the spotlight again today. Aconex itself surged 44% to $7.63 per share.

The GetSwift Ltd (ASX: GSW) share price could also receive some attention after it announced a partnership agreement with Toast. The update provided no details on the terms of the agreement, nor any indications regarding how much revenue it could generate.

Iron ore miners such as BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) could also receive some attention after the iron ore price surged 3.7% higher overnight, according to The Metal Bulletin.

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Motley Fool contributor Ryan Newman owns shares of WiseTech Global and Xero. The Motley Fool Australia owns shares of and has recommended ACONEX FPO. The Motley Fool Australia owns shares of WiseTech Global and Xero. 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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