The Motley Fool

5 things to watch on the ASX 200 on Monday

On Friday the S&P/ASX 200 index finished a disappointing week on a positive note. The benchmark index climbed 0.25% to 6,584.4 points.

Will the Australian share market be able to build on this on Monday and start the week on a high? Here are five things to watch:

ASX 200 expected to tumble.       

The S&P/ASX 200 index looks set to tumble lower on Monday after trade war concerns once again caused American investors to hit the sell button. According to the latest SPI futures, the ASX 200 index is poised to open the day 22 points or 0.35% lower this morning. On Wall Street the Dow Jones dropped 0.35%, the S&P 500 index fell 0.7%, and the Nasdaq sank 1%.

Bendigo and Adelaide Bank results.

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price will be on watch this morning when the regional bank releases its full year results. According to CommSec, the market is expecting the bank to report a net profit after tax of $421.75 million and declare a final dividend of 35 cents per share. A number of brokers have tipped the bank to release a very weak result due to falling rates and strong competition for mortgages.

Oil prices surges higher.

Energy producers including Beach Energy Ltd (ASX: BPT) and Oil Search Limited (ASX: OSH) could charge higher today after oil prices continued to rebound. According to Bloomberg, the WTI crude oil price climbed 3.7% to US$54.50 a barrel and the Brent crude oil price rose 2% to US$58.53 a barrel.

JB Hi-Fi result.

The JB Hi-Fi Limited (ASX: JBH) share price has been on fire this year. This has been driven by improving investor sentiment due to tax cuts and a potential uptick in the housing market. It also means expectations are high for the retailer with these results. According to CommSec, the analyst consensus is for a net profit after tax of $243.3 million.

Gold price edges lower.

The shares of Newcrest Mining Limited (ASX: NCM) and Resolute Mining Limited (ASX: RSG) could drop lower today after the gold price edged slightly lower on Friday. According to CNBC, the spot gold price dropped 0.1% to US$1,508 an ounce.

Analyst names blue chips to buy.

If you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – these blue chips are the ones to buy! Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend... While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...

Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.

You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!


Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.