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5 things to watch on the ASX on Tuesday

On Monday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started the week on a positive note and closed the day 0.3% higher at 6,185 points.

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

ASX futures pointing lower.

According to the latest SPI futures, the Australian share market is expected to open the day 5 points or 0.1% lower on Tuesday. This follows a tough night of trade on Wall Street which saw the the Dow Jones fall 0.35%, the S&P 500 drop 0.55%, and the Nasdaq tumble 1.4% lower. Trade war concerns weighed heavily on the market once again.

TPG Telecom results release.

This morning TPG Telecom Ltd (ASX: TPM) will release its full year results. According to a note out of Goldman Sachs, its analysts are expecting the company to report a 1% rise in revenue to $2,509 million and a 1% decline in EBITDA to $830.6 million for FY 2018. This compares to the company’s EBITDA guidance of $839 million. On the bottom line the broker has forecast flat net profit after tax of $416 million and earnings per share of 44.8 cents. All eyes will be on any further merger details, such as the expected synergies.

RBA minutes to be released.

The Reserve Bank of Australia will release the minutes from its September meeting this morning. While no bombshells are expected to be revealed, I’ll be looking to see if there are any hints that rates could go lower before going higher.

Aged care shares will be in focus.

The shares of aged care operators Estia Health Ltd (ASX: EHE), Japara Healthcare Ltd (ASX: JHC), and Regis Healthcare Ltd (ASX: REG) all fell heavily on Monday after Prime Minister Scott Morrison announced a royal commission into Australia’s aged care system. I’m interested to see whether bargain hunters swoop in today or the declines continue. I wouldn’t be surprised to see the latter happen.

Shares going ex-dividend.

The shares of printing company IVE Group Ltd (ASX: IGL), import and export service provider Qube Holdings Ltd (ASX: QUB), and home care provider Zenitas Healthcare Ltd (ASX: ZNT) are likely to dip lower today after going ex-dividend for their respective final dividends.

Three growth shares to watch in FY 2019.

These top growth shares will be on watch in FY 2019 after delivering quality results during earnings season. I'm tipping them as buys and believe they can provide market-beating returns.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended TPG Telecom Limited. The Motley Fool Australia has recommended Zenitas Healthcare 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.

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