What to watch on the ASX this week

The shares of BHP Billiton Limited (ASX:BHP), InvoCare Limited (ASX:IVC), and Myer Holdings Ltd (ASX:MYR) will be on watch on the ASX this week…

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

With earnings season out of the way, the week ahead looks set to be much quieter for the local share market.

But that doesn't mean that it won't be eventful. Here are a few things to watch out for this week:

Monday.

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set for a positive start to the week after Wall Street rebounded on Friday from Trump's trade comments. One share that is unlikely to move higher, though, is InvoCare Limited (ASX: IVC). The funerals company's shares go ex-dividend today for its fully franked 27.5 cents per share final dividend. This is then expected to be paid to eligible shareholders on April 6. The shares of BWX Ltd (ASX: BWX) and MNF Group Ltd (ASX: MNF) are also going ex-dividend this morning.

Tuesday.

The Reserve Bank of Australia will take centre stage on Tuesday for its second meeting of the year. Unfortunately for savers, the central bank is widely expected to keep interest rates on hold at the record low of 1.5%. Australian retail sales data is also scheduled to be released, with the consensus forecast tipping a 0.4% rise. Retailers such as Myer Holdings Ltd (ASX: MYR) and Harvey Norman Holdings Limited (ASX: HVN) will be worth keeping an eye on when this data is released.

Wednesday.

It looks set to be a reasonably quiet day on Wednesday. Notable shares that are going ex-dividend include health supplements company Blackmores Limited (ASX: BKL), wine company Treasury Wine Estates Ltd (ASX: TWE), and Australia's leading airline and flag carrier Qantas Airways Limited (ASX: QAN).

Thursday.

On Thursday the shares of mining giants South32 Ltd (ASX: S32) and BHP Billiton Limited (ASX: BHP) are due to go ex-dividend for their generous interim dividends. I think this could be a good time to consider the two miners, especially with the global economy looking strong. Dividend favourite G8 Education Ltd (ASX: GEM) is also set to go ex-dividend for its 10 cents per share interim dividend.

Friday.

The week looks set to come to end with another quiet day. The only events of note at this stage are the shares of OZ Minerals Limited (ASX: OZL), WiseTech Global Ltd (ASX: WTC), and Vista Group International Ltd (ASX: VGL) going ex-dividend.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited, BWX Limited, and MNF Group Limited. The Motley Fool Australia owns shares of Vista Group Int'l and WiseTech Global. The Motley Fool Australia has recommended G8 Education Limited and Treasury Wine Estates 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.

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 »