5 things to watch on the ASX 200 next week

Credit Corp Group Limited (ASX:CCP) and REA Group Limited (ASX:REA) shares will be on watch on the ASX 200 next week…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Last week was one that investors will be in a hurry to forget. The S&P/ASX 200 Index (ASX: XJO) fell a disappointing 2.8% over the week to end it at 6,607.4 points.

Another busy week lies ahead, with plenty to keep investors on their toes. Here are five things to watch:

ASX futures pointing lower

The Australian share market looks set to start the week in the red after another poor night of trade on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to fall 34 points at the open. In the United States, the Dow Jones fell 2%, the S%P 500 dropped 1.9%, and the Nasdaq tumbled 2% lower. All three major indices dropped over 3% for the week. This was their worst weekly performance since October.

Reserve Bank meeting

On Tuesday the Reserve Bank of Australia will be holding its first meeting of the year and will discuss the cash rate. According to the latest cash rate futures, the market is pricing in a 75% probability of a cut to zero. This would be more bad news for income investors, who will potentially have to contend with even lower rate interest rates on savings accounts and term deposits.

Credit Corp kicks off earnings season

Earnings season kicks off next week with the release of the Credit Corp Group Limited (ASX: CCP) half year result. According to Morgans, the debt collection company is expected to deliver a strong result. Its analysts expect cash collections to be up 10% on the prior corresponding period and half year net profit to be up 2.5%. Though, the broker does see upside risk to its profit estimates.

Crown report

The Crown Resorts Ltd (ASX: CWN) share price could be on the move next week. After the market close on Friday, the casino and resorts operator announced that the New South Wales Independent Liquor and Gaming Authority (ILGA) has advised that on Monday it will receive the final report of the Bergin Inquiry into the suitability of Crown Resorts to hold the licence for Sydney's Barangaroo casino. The ILGA board will then consider the report and make its decision.

REA Group half year update

The REA Group Limited (ASX: REA) share price will be on watch on Friday when it releases its half year results. According to a note out of Morgans, its analysts expect a largely flat result. The broker is forecasting a slight revenue decline due to the impact of the Melbourne shutdown impact, which will be offset by increased cost control.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Crown Resorts Limited and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Broker Notes

Morgans names 3 ASX shares to buy now

These shares are highly rated by the broker.

Read more »

Man with backpack spreading his arms out and soaking in the sun.
Share Market News

ASX 200 just hit a record high: Is it time to sell its 3 biggest stocks?

Is it time to cash in or double down on these market dominators?

Read more »

navy ship sailing at dusk
Broker Notes

After jumping 15% this week, are Austal shares a buy, hold or sell according to Macquarie?

Austal shares jumped 15% this week on a major defence deal and earnings upgrade.

Read more »

Broker looking at the share price.
Share Market News

5 things to watch on the ASX 200 on Thursday

The Australian share market looks set to run out of steam on Thursday and drop into the red.

Read more »

A fresh-faced young woman holds an Australian flag aloft above her head as she smiles widely.
Best Shares

3 Australian stocks to buy and hold for a lifetime

I think these stocks will outlive us all.

Read more »

Woman in celebratory fist move looking at phone
Opinions

Why I made this ASX growth share my latest buy

This stock has virtually everything that I’m looking for.

Read more »

A man rests his chin in his hands, pondering what is the answer?
Broker Notes

Boss Energy, Macquarie, and Newmont shares: Buy, hold, or sell?

What does Ord Minnett think of these ASX 200 shares? Let's find out.

Read more »

A happy elderly woman smiles and cheers as she looks at good investment news on her laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

Today's session was one for the record books.

Read more »