5 things to watch on the ASX 200 on Monday

Domino’s Pizza Enterprises Ltd. (ASX:DMP), Santos Ltd (ASX:BPT), and Steadfast Group Ltd (ASX:SDF) will be on watch on the ASX 200 today…

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On Friday the聽S&P/ASX 200 Index聽(ASX: XJO) finished a disappointing week on a positive note. The benchmark index pushed 0.5% higher to 5,242.6 points.

Will there be more of the same on Monday? Here are five things to watch:

ASX 200 expected to jump higher.

The ASX 200 looks set to jump higher on Monday morning after a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 index is expected to open 1.6% or 82 points higher this morning. On Friday on Wall Street the Dow Jones climbed 1.1%, the S&P 500 rose 1.4%, and the Nasdaq index stormed 1.7% higher.

Oil prices pushing higher.

Energy producers including Santos Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could be on the rise today after oil prices pushed higher on Friday night. According聽to Bloomberg, the WTI crude oil price is up 2.7% to US$16.94 a barrel and the Brent crude oil price rose 0.5% to US$21.44 a barrel.

Gold price trades flat.

Gold miners including Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price ended a very positive week in a subdued fashion. According to CNBC, the spot gold price traded flat at US$1,745.70 an ounce. The precious metal ended the period with a weekly gain of around 2.5%.

Steadfast update.

The Steadfast Group Ltd (ASX: SDF) share price will be one to watch on Monday. After the market close on Friday, the insurance broker released a trading update which revealed strong organic and acquisition growth. According to the release, for the first nine months of FY 2020, revenue is up 25.8% to $597.9 million and EBITA is up 21% to $147.9 million. Its EBITA excludes the mark-to-market gain of $3.6 million from its listed investment in the Johns Lyng Group Ltd (ASX: JLG).

Domino鈥檚 rated as a buy.

The Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price could be on the move today after Goldman Sachs reiterated its buy rating on the pizza chain operator鈥檚 shares. The broker was pleased with its latest update and has lifted its price target up to $62.60. This price target implies potential upside of over 33% including forecast dividends over the next 12 months.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited and Steadfast Group 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.

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