Last week the S&P/ASX 200 Index (ASX: XJO) overcame some tough days to finish the week in the black. The benchmark index recorded a 0.25% weekly gain to end the period at 5404.8 points.
Next week looks likely to be another eventful one for Australian investors. Here are a few things to watch:
Wall Street ends the week positively.
The Australian share market looks likely to start the week on a positive note after U.S. markets pushed higher on Friday night. The Dow Jones rose 0.25%, the S%P 500 climbed 0.4%, and the Nasdaq index jumped 0.8% higher. The latest SPI futures contracts are pointing to the ASX 200 index rising 32 points at the open on Monday.
TechnologyOne half year results.
The TechnologyOne Ltd (ASX: TNE) share price will be the focus of investor attention when it releases its half year results on Tuesday. Expectations certainly are high for the growing enterprise software company. Last week TechnologyOne's shares hit a record high of $10.26 in anticipation of strong profit growth. Its guidance for the full year will be equally important given the premium of 50x estimated forward earnings that its shares are trading at.
Aristocrat Leisure half year update.
On Thursday the Aristocrat Leisure Limited (ASX: ALL) share price will be one to watch when it reports its half year results. The gaming technology company is likely to reveal the extent of the impact that the pandemic has had on its operations. I'll be interested to see how its growing Digital operations are performing given lockdowns and casino closures. The company has already advised that no interim dividend will be paid.
Sydney Airport (virtual) AGM.
On Friday Sydney Airport Holdings Pty Ltd (ASX: SYD) will be holding its virtual annual general meeting. The airport operator is likely to give an update on current trading conditions and its expectations for the coming months as lockdowns and travel restrictions ease.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.
