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 on a disappointing note. The benchmark index finished the day with a decline of 0.4% to 6,180.2 points.

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

ASX futures pointing higher.

The Australian share market looks set to bounce back on Tuesday after a very positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 0.5% or 33 points higher. Late in the U.S. session the Dow Jones is up 0.7%, the S&P 500 is 1.4% higher, and the Nasdaq has surged 2% higher.

Oil prices surge.

Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) shares will be on watch on Tuesday after oil prices surged higher overnight. According to Bloomberg, the WTI crude oil price pushed 1.3% higher to US$56.82 a barrel and the Brent crude oil price stormed 1.4% higher to US$66.64 a barrel. Prices rose after Saudi Arabia stood by OPEC output cuts.

Appen shares could return.

The Appen Ltd (ASX: APX) share price could be on the move today if it returns from its trading halt. Appen’s shares were halted whilst it launched a fully underwritten placement of A$285 million at an offer price of A$21.50 per share. These funds will be used to acquire San Francisco-based Figure Eight Technologies. Figure Eight is a best in class machine learning software platform which uses highly automated annotation tools to transform unstructured text, image, audio and video data into customised high quality artificial intelligence training data.

Shares going ex-dividend.

A number of shares are trading ex-dividend this morning and are likely to trade lower. These include mining services company Ausdrill Limited (ASX: ASL), media giant News Corp (ASX: NWS), gold miner Regis Resources Limited (ASX: RRL), and scrap metal company Sims Metal Management Ltd (ASX: SGM).

Telstra strike.

Telstra Corporation Ltd (ASX: TLS) will be in the spotlight on Tuesday when thousands of its employees strike over pay increases. According to the AFR, an estimated 5000 staff members will strike after Telstra refused to improve on its 1.5% annual pay increase offer. The employees, primarily from maintenance roles, are believed to be looking for annual increases of at least 3%.

NEW! Analyst Names 3 Dividend Picks for March

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of Appen 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!