Changes are happening - please bear with us while we update our site.

Join Free
Log in

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Join Free
Log in

S&P/ASX 200 To Open Higher, 3 ASX Shares To Watch

The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.09% on Friday.
Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
More analysis

The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.09% on Friday.

Australian Dollar ($A) (AUDUSD): 72.52US cents

Dow Jones (DJI): up 0.26%

Oil (WTI): $US55.26 per barrel

Gold: $US1,318 per ounce

ASX Sharemarket News

In ASX sharemarket news, construction business Boral Limited (ASX: BLD) has announced a trading update and revised earnings guidance.

In the first half of FY19 the company expects net profit after tax to be approximately $200 million and EBITDA to be approximately $485 million (click here to learn what EBITDA is).

The company said that FY19 EBITDA is expected to be higher than FY18, with continuing operations having a skew towards the second half.

[ls_content_block id=”15758″ para=”paragraphs”]

Ship-building business Austal Limited (ASX: ASB) has increased its full year revenue guidance.

The company had previously indicated guidance of $1.3 billion to $1.4 billion for the first half of FY19.

The company now expects to report revenue of $1.9 billion as a result of a greater number of Littoral Combat Ships in the US, better than expected progress in the construction of the previously awarded LCS ships, currency exchange effects and other small changes.

Read more:

Can We Keep Milking A2 Milk Company (A2M) Shares?

NAB (ASX:NAB) Raises Home Loan Interest Rates – Is It A Buy?

1 Of My Favourite ASX Small Caps – Supply Network Limited (ASX:SNL)

4 Reasons To Be Bullish About ResMed (ASX:RMD) Shares Despite The Selloff

One of the largest listed investment companies (LIC), Argo Investments Limited (ASX: ARG), has announced its half year result this morning.

Argo Investments has announced a dividend increase from 15.5 cents per share last year to 16 cents per share this year. The increase is funded by a 42.2% increase of profit for half year to $157.2 million, which translated to earnings per share (EPS) growth of 39% to 22.1 cents.

A lot of the profit growth was from a one-off, non-cash income item from the demerger of Coles Group Limited (ASX: COL) from Wesfarmers Ltd (ASX: WES). Excluding that, Argo’s profit increased by 9.6%.

[ls_content_block id=”14948″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Latest stories

Free passive income report
Skip to content