MENU

5 things to watch on the ASX on Monday

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) ended a tough week on a positive note with a 0.6% gain to 6,165.3 points.

Will the market be able to build on this on Monday? Here are five things to watch:

ASX futures pointing higher.

According to the latest SPI futures, the Australian share market is expecting to open the week higher. Futures are currently pointing to a 6-point or 0.1% rise at the open. This follows a mixed end to the week on Wall Street which saw the Dow Jones and S&P 500 edge higher but the Nasdaq drop a touch lower.

Aged care royal commission is coming.

Estia Health Ltd (ASX: EHE) and Japara Healthcare Ltd (ASX: JHC) shares could come under pressure on Monday after Prime Minister Scott Morrison announced a royal commission into Australia’s aged care system. According to the ABC, the inquiry will focus on residential and in-home aged care for seniors, but will also cover care for young people with disabilities who live in aged care homes.

Monash IVF accused of bullying.

The shares of Monash IVF Group Ltd (ASX: MVF) will be on watch today after the AFR reported that a former star doctor had opened up claims of bullying. According to the report, Dr Lynn Burmeister claims there were a number of events during her time with the company where she felt bullied and uncomfortable.

Oil prices mixed.

Oil prices had a mixed finish to the week. According to Bloomberg, the WTI crude oil price climbed 0.6% to US$68.99 a barrel and the Brent crude oil price dropped 0.1% to US$78.09 a barrel. Many experts are tipping oil prices to remain elevated over the coming months due to supply looking tight ahead of the northern hemisphere winter which traditionally sees a lift in oil usage.

Shares going ex-dividend.

The next round of shares going ex-dividend starts today. This includes the shares of airline operator Alliance Aviation Services Ltd (ASX: AQZ), waste management company Cleanaway Waste Management Ltd (ASX: CWY), hearing solutions company Cochlear Limited (ASX: COH), fintech star Hub24 Ltd (ASX: HUB), and fledgling telco Over The Wire Holdings Ltd (ASX: OTW).

Bonus: Watch this "Double Down" Buy Alert

Scott Phillips has stumbled upon a little-owned stock he believes could be one of the greatest discoveries of his 25 years as a professional investor.

 

This is your chance to get in early on of what could prove to be a very special investment recommendation. Think about how many investing trends you've missed out on, even though you knew they were going to be big. Don't let that happen again. This is your chance to get in early.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Cochlear Ltd. and Monash IVF Group Ltd. 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!