S & P / ASX 200 (index: ^ AXJO) (ASX: XJO) on Thursday returned its morning gains and ended the day by 0.4% down to 5,864.7 points. Will the market be able to roll back on Friday and finish the week high? Here are five things you can watch: ASX futures show up. According to the latest SPI terms, the ASX 200 is expected to open on Friday a higher day. Current term contracts show an open 8-point or 0.15% profit. This is followed by mixed night trading on Wall Street, which in the late session sees Dow …
On Thursday S & P / ASX 200 (Index: ^ AXJO) (ASX: XJO) returned its morning gains and ended the day by 0.4% lower to 5,864.7 points.
Will the market be able to roll back on Friday and finish the week high? Here are five things you can watch:
ASX futures show higher.
According to the latest SPI terms, the ASX 200 is expected to open on Friday a higher day. Current term contracts show an open 8-point or 0.15% profit. This is the result of a mixed business evening on Wall Street, which in the late session saw Dow Jones drop by 0.25%, S & P 500 by 0.7%, and Nasdaq 1.3% higher.
Tech stocks could be on the rise.
Altium Limited (ASX: ALU) a WiseTech Global Ltd (ASX: WTC) were strong on the market on Thursday. These techno stars could be on the rise again on Friday after their technical peers in the US changed overnight. The technologically-oriented Nasdaq index rose 1.3% in the late trading.
Oil prices were mixed.
Santos Ltd (ASX: STO) a Woodside Petroleum Limited (ASX: WPL) will be ranked on Friday after a mixed night trading in oil prices. According to the Bloomberg price, the price of WTI oil fell by 0.8% to $ 53.80 per barrel, and the Brent oil price rose 0.4% to $ 61.90 a barrel. WTI oil rose 18% in January, the biggest gain in January.
The beach leaned toward the climb.
The Beach Energy Ltd (ASX: BPT) was one of the best performances on ASX 200 last month with a 34% profit. The good news for shareholders is that Goldman Sachs believes that these profits can continue after yesterday's update. The broker has a purchase rating and a price target of $ 2.00 per share for the Beach. This price target means a potential growth of 11% for its shares.
Iron ore prices.
Fortescue Metals Group Limited (ASX: FMG) a Rio Tinto Limited (ASX: RIO) are likely to trade higher on Friday after iron ore prices have risen steadily. According to the Metal Bulletin, the benchmark 62% of the fine increased by almost 3.5%, making the gain of more than 14% in the current week.
Motley Fool Contributor James Mickleboro has no place in any of the listed stocks. Motley Fool Australia owns shares of Altium and WiseTech Global. We, fools, may not all have the same views, but we all think that because of the variety of views we are making better investors. Motley Fool has a policy of publishing information. This article contains only general investment recommendations (AFSL 400691). Authorized by Scott Phillips.