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3 ASX shares I’m watching this week

Some of the biggest ASX 200 shares reported their earnings last week as the S&P/ASX 200 (INDEXASX: XJO) edged 0.12% higher.

Last week I had my eye on Altium Limited (ASX: ALU)Crown Resorts Ltd (ASX: CWN) and Cochlear Limited (ASX: COH).

The Altium share price gained 0.45% but that wasn’t the full story, as the tech stock endured heavy losses after a disappointing half-year result. Crown shares slumped 1.18% lower despite a result in line with expectations while Cochlear shares edged 0.60% lower.

Check out the 3 ASX 200 shares that I’ll be keeping my eye on in the third week of the February results season.

Afterpay Ltd (ASX: APT)

I don’t think there are too many weeks where Afterpay shares aren’t being watched, but this will be a big one. The ASX buy now, pay later group’s shares will be worth watching as it reports its half-year results on Thursday.

Afterpay shares will be under a lot of scrutiny after a big week that saw fellow tech stocks Altium Limited (ASX: ALU) and Nearmap Ltd (ASX: NEA) disappoint the market with their own results. The group has led the ASX higher in 2019 and 2020. Afterpay’s market share has swelled past $10 billion and is now higher than Qantas Airways Limited (ASX: QAN).

Woolworths Group Ltd (ASX: WOW)

I’m watching Woolworths shares this week because they are one of the biggest names to report their earnings. The Woolies half-year result is expected on Wednesday and I’m sure I won’t be the only one taking notice.

It’s been a busy start to the year in the Aussie supermarket sector with German chain Kaufland leaving the country with a whimper. That means the domestic rivalry between Woolworths and Coles Group Ltd (ASX: COL) is back on, with Aldi still lurking.

With the Coles underpayment scandal putting pressure on its share price last week, the Woolworths share price could really surge on the ASX with a strong half-year result.

A2 Milk Company Ltd (ASX: A2M)

There are a few big names that I’d be unwilling to bet against, given their track records. a2 Milk is one of those ASX shares which has been rocketing higher for many years and delivering for shareholders.

With listed rival Bellamy’s being taken off-market by China Mengniu Dairy, a2 Milk could be under pressure in 2020. The group still has a strong market share in the lucrative Chinese infant formula market but its results will be worth watching.

If there are signs of slowing growth or missed expectations, I’d expect to see a2 Milk shares fall lower this week.

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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited. The Motley Fool Australia owns shares of A2 Milk, AFTERPAY T FPO, and Altium. The Motley Fool Australia has recommended Cochlear Ltd. 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.

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