On Tuesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) continued its positive run and finished the day 0.3% higher at 6,106.9 points.
Will the market be able to build on this on Wednesday? Here are five things to watch:
ASX futures are pointing higher.
The Australian share market looks set for a positive day of trade. According to the latest SPI futures, the ASX 200 is expected to open the day 12 points or 0.2% higher. This follows a reasonably positive night of trade on Wall Street which late in the session sees the Dow Jones up 0.1%, the S&P 500 up 0.3%, and the Nasdaq up 0.3%. Oil prices were mixed overnight, with the WTI crude oil price up 0.5% to US$55.84 a barrel and the Brent crude oil price down 0.7% to US$66.03 a barrel.
BHP delivers US$4 billion interim profit.
The BHP Group Ltd (ASX: BHP) share price will be on watch on Wednesday following the release of a strong half year result after the market close. BHP posted underlying EBITDA of US$10.5 billion, net debt of US$9.9 billion, and an interim dividend of 55 U.S. cents per share. A note out of Goldman Sachs reveals that it was expecting underlying EBITDA of US$10.5 billion, net debt of US$10.8 billion, and an interim dividend of 51 U.S. cents per share.
A2 Milk results.
The highly anticipated results of A2 Milk Company Ltd (ASX: A2M) will be released this morning. During the first four months of FY 2019 the dairy and infant formula company achieved revenue growth of 40.5% and net profit after tax growth of 64.5%. Investors will no doubt be hopeful that these growth rates were maintained in the latter part of the half.
Domino's results.
Another result that investors will be watching out for is the Domino's Pizza Enterprises Ltd (ASX: DMP) half year result. According to a note out of Goldman Sachs, its analysts have forecast half year revenue of $661.3 million and a net profit after tax of $74.1 million. This will be a 16.5% and 17.8% increase, respectively, on the prior corresponding period.
Other results.
WiseTech Global Ltd (ASX: WTC) shares will be on watch on Wednesday when it becomes the latest tech star to report its half year results. Expectations are high after Altium Limited (ASX: ALU) delivered what was arguably the result of the month on Monday. Elsewhere, Corporate Travel Management Ltd (ASX: CTD), Fortescue Metals Group Limited (ASX: FMG), and Woolworths Group Ltd (ASX: WOW) are all scheduled to release their respective results today.
