S&P/ASX 200 to open higher: 9 shares to watch

The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) is expected to trade higher. Shares of BHP Billiton Limited (ASX:BHP), Rio Tinto Limited (ASX:RIO) and Northern Star Resources Ltd (ASX:NST) will be 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 S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to trade higher today following positive leads from international markets on Friday.

Here's a recap:

  • Dow Jones (USA): up 2%
  • NASDAQ (USA): up 1.66%
  • FTSE 100 (UK): up 3.08%
  • DAX (Germany): up 2.45%

In Europe, energy and resources shares led the charge higher. Glencore Plc was a standout performer, rising 12.3%. Meanwhile, FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) rose 6.5% and 5.6%, respectively.

In the US, the Dow Jones returned from a five-day losing streak with shares in the energy and retail sectors helping the market higher. Twitter Inc. shares jumped 11% while Bank of America Corp rallied 7%.

Closer to home, the Sydney Futures Exchange is tipping an 87 point, or 1.8%, jump in the S&P/ASX 200.

Shares in focus will include energy producers BHP, Santos Ltd (ASX: STO), Woodside Petroleum Limited (ASX: WPL) and Oil Search Limited (ASX: OSH).

Also, in focus will be shares of Hansen Technologies Limited (ASX: HSN) which today reported a 50% jump in revenue and 43% lift in profit for its most recent half-year reporting period.

Aurizon Holdings Ltd (ASX: AZJ) announced a 135% fall in profit and 11% decline in revenue for its first half of its 2016 financial year. Amcor Limited (ASX: AMC) reported a 5.4% fall in half-year USD-denominated revenue and a 4.9% fall in profit.

Alliance Aviation Services Ltd (ASX: AQZ) announced a profit of $4.9 million (up from a loss last year) on revenue of $92.9 million, down 10% on the prior period.

Finally, CSG Limited (ASX: CSV) upped its revenue 8% for the six months to 31 December 2015. Profit fell 3%.

In broker news, Deutsche Bank analysts raised their price target on Rio Tinto shares 4.5% to $57.50, while Canaccord Genuity lifted their price target on Northern Star Resources Ltd (ASX: NST) shares by 17% to $3.40.

Motley Fool writer/analyst Owen Raszkiewicz has a financial interest in Hansen Technologies. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Twitter. 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 owns shares of Hansen Technologies. 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 »