Harvey Norman Holdings Limited (ASX:HVN) and WiseTech Global Ltd (ASX:WTC) shares will be on watch on the ASX 200 next week…
The post 5 things to watch on the ASX 200 next week appeared first on Motley Fool Australia. –
It was another great week for the S&P/ASX 200 Index (ASX: XJO) last week.
The benchmark index continued its positive run and climbed 2.1% to end the period at 6,539.2 points.
Another busy week awaits investors next week. Here are five things to watch:
ASX 200 futures pointing higher.
The Australian share market looks set to start the week on a positive note despite a subdued night of trade on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to rise 34 points at the open tomorrow. On Friday the Dow Jones fell 0.75%, the S&P 500 dropped 0.7%, and the Nasdaq fell 0.4%. Rising COVID-19 cases in the United States weighed on investor sentiment.
Fisher & Paykel Healthcare result.
The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price will be in focus on Wednesday when it hands in its half year results. The medical device company is widely expected to deliver strong first half growth due to robust demand for ventilators during the pandemic. In August the company provided full year guidance for operating revenue of approximately NZ$1.61 billion and net profit after tax of NZ$365 million to NZ$385 million. Investors may be hoping this guidance is upgraded on Wednesday.
Harvey Norman AGM update.
Also on watch on Wednesday will be the Harvey Norman Holdings Limited (ASX: HVN) share price. It is holding its annual general meeting that day and traditionally provides the market with a sales update at the event. Expectations are high for the retailer after its rival JB Hi-Fi Limited (ASX: JBH) delivered a strong update at its meeting last month.
WiseTech Global AGM.
The WiseTech Global Ltd (ASX: WTC) share price could be on the move on Thursday when it holds its annual general meeting. The logistics solutions company is likely to provide investors with an update on current trading and its expectations for the full year. In August, WiseTech provided FY 2021 guidance for revenue growth in the range of 9% to 19% (representing revenue of $470 million to $510 million) and EBITDA growth of 22% to 42% (representing EBITDA of $155 million to $180 million).
Other annual general meetings of note.
As well as the aforementioned meetings, there are a good number of other companies holding their own events this week. This includes healthcare technology company Pro Medicus Limited (ASX: PME), infection prevention company Nanosonics Ltd (ASX: NAN), gold miner Northern Star Resources Ltd (ASX: NST), and private hospital operator Ramsay Health Care Limited (ASX: RHC).
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
- These were the worst performing ASX 200 shares last week
- These were the best performing ASX 200 shares last week
- ASX 200 ends flat on Friday
- Why the Oil Search (ASX:OSH) share price is the worst performer today
- What would it take for the ASX 200 to hit 7,000 again?
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Nanosonics Limited. The Motley Fool Australia owns shares of WiseTech Global. The Motley Fool Australia has recommended Nanosonics Limited and Ramsay Health Care Limited. 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.