MENU

5 things to watch on the ASX 200 on Tuesday

On Monday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started the week in the red with a decline of 0.2% to 6,060.8 points.

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

ASX futures pointing higher.

The Australian share market is expected to push higher on Tuesday. According to the latest SPI futures, the ASX 200 is poised to open 0.2% or 13 points higher this morning despite a reasonably mixed night of trade on Wall Street. Late in the session the Dow Jones is down 0.25%, the S&P 500 is flat, and the Nasdaq is up 0.1%.

Challenger half year results.

The Challenger Ltd (ASX: CGF) share price will be on watch today when it releases its half year results. Last month the annuities company’s shares were smashed when it downgraded its full year guidance. I’ll be looking to see if its performance has improved since its update.

Transurban interim results.

Toll road giant Transurban Group (ASX: TCL) is due to release its half year results on Tuesday. According to Morgans, the broker is expecting double digit earnings growth driven by acquisitions. Whereas Goldman Sachs has pencilled in net profit after tax of $257 million and will be looking for commentary around ongoing development opportunities.

Oil prices lower.

Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) shares could slide lower on Tuesday after oil prices declined. According to Bloomberg, the WTI crude oil price fell 0.5% to US$52.47 a barrel and the Brent crude oil price dropped 0.9% to US$61.52 a barrel. Although US-China trade talks resumed, the market was not optimistic on them.

Shares going ex-dividend.

A number of shares are going ex-dividend this morning and are likely to trade lower. These include pet care company Greencross Limited (ASX: GXL), consumer products company GUD Holdings Limited (ASX: GUD), and insurance giant Insurance Australia Group Ltd (ASX: IAG).

JUST RELEASED: Our Top 3 Dividend Bets for 2019

NEW! The Motley Fool’s team of crack analysts has just released a timely report revealing the names and codes of their top 3 dividend share recommendations for 2019. Be among the first investors to get access—FREE, for a strictly limited time. You’ll discover the names of 3 hefty dividend paying companies with what our analysts consider to be solid growth prospects for the year ahead…

The first two currently offer fat, fully franked yields and the third is a surprising REIT offering you the chance to become a landlord with none of the hassle! If you’re looking for hot new ideas, look no further. But you do need to hurry. Snap up your free copy now, before supplies run out!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our top 3 dividend share recommendations right away.

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