The Motley Fool

5 things to watch on the ASX 200 on Friday

On Thursday the S&P/ASX 200 index was out of form again and dropped notably lower. The benchmark index finished the day 0.4% lower at 6,663.4 points.

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

ASX 200 poised to drop.     

It looks set to be a disappointing end to the week for the S&P/ASX 200 index. According to the latest SPI futures, the ASX 200 is expected to fall 0.4% or 27 points this morning. This follows a disappointing night of trade on Wall Street which saw the Dow Jones fall 0.5% lower, the S&P 500 drop 0.3%, and the Nasdaq slide 0.15%.

Macquarie half year result.

All eyes will be on the Macquarie Group Ltd (ASX: MQG) share price this morning when it releases its half year result. Macquarie is expected to post a 10% increase in first half profit. Looking ahead, management has previously guided to a full year result slightly down on FY 2019.

Oil prices lower.

Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) shares could come under pressure again today after oil prices tumbled lower. According to Bloomberg, the WTI crude oil price fell 1.7% to US$54.13 a barrel and the Brent crude oil price dropped 0.6% to US$60.23 a barrel. A rise in US inventories and weak Chinese economic data weighed on prices.

Orica results.

The Orica Ltd (ASX: ORI) share price could be on the move on Friday when it releases its full year results. According to a note out of Goldman Sachs, its analysts expect the chemicals company to report EBITDA of $951 million and NPAT of $358 million. It will also be looking out for management’s AN pricing outlook for 2020 as the industry progresses through a period of east coast pricing renewals.

Gold price rises.

Australia’s leading gold miners including Newcrest Mining Ltd (ASX: NCM) and Saracen Mineral Holdings Limited (ASX: SAR) could be on the rise today. According to CNBC, the spot gold price has jumped 1.2% to US$1,514.30 an ounce following the Federal Reserve’s rate cut.

Dividends to beat the rate cuts.

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement. In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now.

All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group 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.

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.

CLICK HERE FOR YOUR FREE REPORT!