There were some big shares making waves last week as the S&P/ASX 200 (INDEXASX: XJO) climbed 1.53% higher.
Last week I had my eye on Telstra Corporation Ltd (ASX: TLS), Commonwealth Bank of Australia (ASX: CBA) and AMP Ltd (ASX: AMP).
Telstra shares edged 0.53% lower last week after its half-year result and the Federal Court approving the TPG Telecom Ltd (ASX: TPM) merger with Hutchison Telecommunications Australia Ltd (ASX: HTA).
CBA shares climbed higher after the bank released its half-year earnings with stronger than expected profits. The AMP share price fell lower after posting a $2.5 billion loss and scrapping its dividend.
Check out the 3 ASX 200 shares that I'll be keeping my eye on in the third week of the February results season.
1. Altium Limited (ASX: ALU)
Altium is the first of the ASX 200 WAAAX shares to report its earnings in February. The Aussie-domiciled group is set to announce its half-year results after the market close today.
The Altium share price is up more than 1,000% in the last 5 years but needs another strong result to justify its lofty 69.5 price-to-earnings ratio.
If Altium fails to hit market estimates, there could be a violent share price drop, like we saw from Nearmap Ltd (ASX: NEA) in January.
2. Crown Resorts Ltd (ASX: CWN)
It's been a big few months for the ASX 200 group, with its shares coming under sustained pressure recently.
Crown has been in the public spotlight after an inquiry into James Packer's multi-billion-dollar share sale to Melco Resorts. The recent coronavirus epidemic has also sent the Crown share price lower on fears of reduced numbers of VIP guests from China travelling to Australia.
Crown is set to report its results on Tuesday and I'd be keeping a close eye on the Aussie wagering group this week.
3. Cochlear Limited (ASX: COH)
In my mind, Cochlear is one of those ASX 200 shares that tends to fly under the radar.
The healthcare group boasts a market capitalisation of $13.47 billion and its share price is up 155.71% in the last 5 years.
Cochlear is set to release its results today and could drag the ASX higher or lower, given its significant size.
