It was a strong finish to the month for ASX 200 shares as the S&P/ASX 200 Index (INDEXASX: XJO) climbed 4.90% higher in January.
I was keeping an eye on Woolworths Group Ltd (ASX: WOW), Crown Resorts Ltd (ASX: CWN) and CSL Limited (ASX: CSL) last week.
Crown was one of several ASX 200 shares hammered lower after concerns the coronavirus outbreak could mean less Chinese VIP gamblers. The Woolworths share price closed out the week by hitting a new record high of $41.98 per share while CSL shares also pushed higher.
Check out 3 of the biggest Aussie companies that I've got my eye on as we kick off a new month on the ASX.
1. Commonwealth Bank of Australia (ASX: CBA)
I'll be watching the largest of the ASX 200 shares this week ahead of the bank's half-year results on Friday.
CBA is set to release its half-year results and should provide a good indication of where the banks are headed in 2020. Commonwealth Bank shares at a 52-week high and have been quietly climbing higher in January.
Any missed targets or signs of weakening profit margins could be met by a sell-off from investors who are already wary of high share price valuations.
2. Mirvac Group (ASX: MGR)
There are two good reasons to watch the Mirvac share price this week. The Aussie real estate group is set to report its results on Friday as the February earnings season kicks off.
However, I think the Reserve Bank of Australia's (RBA's) interest rate decision on Tuesday is a big flash point. The RBA meets on the first Tuesday of every month to determine any changes to monetary policy.
Mirvac is one of the ASX 200 shares that benefits from a low-interest-rate environment thanks to its residential real estate portfolio. Low rates means more borrowing, and more borrowing means higher property valuations.
It's worth noting that the RBA is expected to keep rates on hold at 0.75% on Tuesday. However, I'd keep an eye on the Mirvac share price in a big week for the property group.
3. Nearmap Ltd (ASX: NEA)
Nearmap is one of the hottest ASX 200 shares and has climbed 2,321.43% higher in the last 7 years. The Nearmap share price hit $4.29 per share in mid-June 2019 but is now trading at just $1.70 per share.
Nearmap shares slumped 29.55% on Thursday after lowering its FY19 guidance figures. These top ASX growth stocks trade at very high price to earnings (P/E) multiples. That can result in volatile share price swings if they miss their growth targets.
Nearmap is one ASX 200 share price to watch this week to see if shareholders think it's good value.
