Shares on the S&P/ASX 200 Index (INDEXASX: XJO) had another good week as the benchmark index smashed its record high from the week before. The ASX 200 is now up 5.98% in January and reached as high as 7,122.70 points.
Last week I had my eye on Lynas Corporation (ASX: LYC), Commonwealth Bank of Australia (ASX: CBA) and Insurance Australia Group (ASX: IAG).
It turned out to be a big week for all 3 of these ASX 200 shares. Lynas shares climbed higher after a solid quarterly update, while Commonwealth Bank was slapped with a class action.
It was IAG shares that were hit hard, however, as the Aussie insurer provided the update I'd been waiting for. IAG lowered its FY20 guidance as natural disasters have impacted its expected insurance margins for the year.
Check out the 3 ASX 200 shares that I'll be keeping my eye on as we enter the last week before the February results season.
1. Woolworths Group Ltd (ASX: WOW)
Shares in the ASX 200 supermarket chain climbed to a new 52-week high last week and could climb higher.
The exit of German supermarket giant Kaufland from Australia marks a big win for Woolworths and its domestic rival Coles Group Ltd (ASX: COL).
Both ASX 200 supermarket shares hit new record highs last week and I think Woolworths is one to watch in the week ahead. The group is set to release its results on 26 February and I think there could be a lot of volume in Woolworths shares in the next few weeks.
2. Crown Resorts Ltd (ASX: CWN)
The ASX 200 wagering group's shares are worth watching in the early part of this week. Crown released an after market update to the ASX on Friday afternoon about its senior leadership changes.
CEO and Chairman John Alexander will step down from both roles. Former Liberal Senator the Honourable Helen Coonan has been appointed as Chairman, while current CFO Ken Barton will step into the CEO role.
This comes as Crown gears up for a NSW government inquiry into the deal that saw James Packer sell $1.7 billion of his Crown shares to a Macau-based casino magnate.
3. CSL Limited (ASX: CSL)
There's hardly a week that goes by when I'm not watching the CSL share price. However, there is a significant milestone that is within reach for the ASX 200 healthcare stock.
The CSL share price has smashed the $300 per share barrier and closed at $310.70 on Friday. The group boasts a market cap of $141.02 billion. That's just $10 billion, or around $21 per share, shy of CBA's $150.36 billion market cap.
If CSL shares can climb 6.62%, or CBA shares fall during the week, CSL could take the mantle as the largest ASX 200 share on the market.
