MENU

5 things to watch on the ASX on Monday

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) gave back its strong early gains and ended the day with a 2.5-point decline to 6,116.2 points.

This took a bit of the shine of a positive week which saw the benchmark index rise almost 1%.

Will there be more gains ahead this week? Here are five things that could shape Monday’s trade:

ASX futures are pointing higher.

According to the latest SPI futures, the Australian share market is expected to open 4 points or 0.07% higher on Monday following a solid finish to the week in the United States. On Friday the Dow Jones rose 0.4%, the S&P 500 climbed 0.2%, and the Nasdaq technology index was flat.

Oil prices gave back some gains.

The shares of energy producers such as Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) could come under pressure on Monday after oil prices gave back some recent gains. According to Bloomberg, the WTI crude oil price slid 0.9% to US$70.70 a barrel on Friday, with Brent crude oil falling just under 0.5% to US$77.12 a barrel.

The iron ore price pushed higher.

While energy shares may come under pressure today, those with exposure to iron ore could be set for a solid day of trade after prices rose at the end of the week. According to Metal Bulletin, the benchmark 62% fines rose 0.9% to US$67.42 a tonne. This could be good news for the likes of Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO).

Shares going ex-dividend.

The shares of Australia and New Zealand Banking Group (ASX: ANZ) and Macquarie Group Ltd (ASX: MQG) are likely to trend lower today after going ex-dividend. ANZ Bank’s interim 80 cents per share dividend will then be paid to eligible shareholders on July 2, whereas Macquarie’s $3.20 per share final dividend will be paid out a day later on July 3.

Broker moves.

Two popular shares will be on watch this morning after being the subject of positive broker notes out of Goldman Sachs. The broker has upgraded Super Retail Group Ltd (ASX: SUL) to a buy rating with a $9.45 price target. And REA Group Limited (ASX: REA) has had its buy rating retained, but its price target increased 14% to $99.50.

Breaking news: ASX companies set to raise dividends!

It's been a nail-biter of a reporting season here in the first half of 2018.

But the real action, in my opinion, is what companies are doing with dividends.

What does this mean for you? Well there is one stock I've found that could very well turn out to be THE best buy of 2018. And while there's no such thing as a 'sure thing' when it comes to investing - this ripper might come as close as I've ever seen.

Click here it's FREE!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Super Retail Group Limited. The Motley Fool Australia has recommended REA 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 Scott Phillips.

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!