MENU

What to watch on the ASX this week

The Australian share market returns to trade today after the long weekend and looks set to be as busy as ever ahead of earnings season.

Here are a few things to look out for this week:

Monday.

Arguably one of the biggest talking points today will be the return to trade of the GetSwift Ltd (ASX: GSW) share price after its suspension. The logistics platform provider’s shares have been suspended after an AFR report questioned why the company had not advised of contract losses.

Tuesday.

Debt collector Credit Corp Group Limited (ASX: CCP) and education provider Navitas Limited (ASX: NVT) are expected to report their first-half results on Tuesday. Credit Corp’s shares are up almost 30% since this time last year, so the market will no doubt be expecting its performance to justify this impressive rise.

Wednesday.

On Wednesday Australian fourth-quarter CPI will be released by the Australian Bureau of Statistics. Economists have forecast a 0.8% quarterly increase, bringing annual growth to 2%. Core inflation, however, is not expected to reach the RBA’s 2% to 3% target range. But if core inflation surprises and hits the RBA’s range then I would expect to see bond proxies such as Transurban Group (ASX: TCL) come under a bit of selling pressure. Also, GUD Holdings Limited (ASX: GUD) will release its interim results on Wednesday.

Thursday.

Overnight on Wednesday the U.S. Federal Reserve will make its latest decision on interest rates. According to CME Group, the market is currently pricing in just a 3.6% probability of a rate rise this month. If the Fed surprises then the ASX could be a touch volatile during trade on Thursday.

Friday.

Early on Friday morning Apple will report its latest quarterly results. These will be the first since the release of the iPhone X and will reveal how well the device is actually selling, amid speculation that it isn’t selling well. I feel it could potentially impact the Telstra Corporation Ltd (ASX: TLS) share price and Vita Group Limited (ASX: VTG) share price if this proves to be the case.

Finally, with earnings season about to kick off, here are three top shares I expect to deliver strong results.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Transurban Group. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!