Morning Market Movers: 11 stocks to watch

The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) is expected to open higher, with Transurban Group (ASX:TCL), National Australia Bank Ltd. (ASX:NAB) and Fisher & Paykel Healthcare Corp Ltd (ASX:FPH) in focus.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The local sharemarket is expected to open the day higher following strong leads from Europe overnight.

In Europe, a weaker currency and expectations of further central bank stimulus saw Paris' CAC 40 rise 1.08%, and London's FTSE 100 climb 0.88%.

Unfortunately, FTSE-listed shares of BHP Billiton Limited (ASX: BHP) closed another 2.4% lower overnight, as fears of falling copper prices weighed on the already high expectations of a cut to its dividend.

US shares were closed for the Thanksgiving holiday.

Closer to home, the Sydney Futures Exchange is pointing to a 16-point rise in the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) following a solid gains yesterday.

Once again shares of the embattled legal business, Slater & Gordon Limited (ASX: SGH), are expected to come under pressure with analysts at major investment banks dramatically reducing their price target forecasts this morning. Yesterday, Slater & Gordon's share price fell over 50% as investors reacted to proposed changes in the small claims courts of the UK.

Share prices of oil companies such as Woodside Petroleum Limited (ASX: WPL), Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO) may also be volatile today after oil prices declined 1.5%, to $US45.46 per barrel, overnight.

OrotonGroup Limited (ASX: ORL), Premier Investments Limited (ASX: PMV) and Regional Express Holdings Ltd (ASX: REX) are expected to hold their Annual General Meetings today.

Following the successful institutional component of the recent Transurban Group (ASX: TCL) capital raising this morning, shares of the toll road owner are expected to resume trading on the ASX. Transurban went into a trading halt earlier this week to conduct a $1 billion capital raising to fund its latest acquisition, Brisbane's AirportlinkM7.

National Australia Bank Ltd. (ASX: NAB) confirmed its decision to demerge its Clydesdale bank assets in the UK. It'll release the Scheme booklet in the week beginning 7 December 2015.

Finally, Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) announced its half-year report this morning, showing a 27% jump in profit year over year. Operating revenue was a record NZ$381 million, up 20%.

Motley Fool contributor Owen Raskiewicz owns shares of Slater & Gordon Limited. Owen welcomes your feedback on Google plus (see below), LinkedIn or you can follow him on Twitter @ASXinvest. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. 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 Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »