Another week, another wild ride for ASX 200 shares.
The S&P/ASX 200 Index (ASX: XJO) edged 0.2% lower to 6,024 points despite strong gains from the tech sector.
Last week, I was watching Coles Group Ltd (ASX: COL), Mirvac Group (ASX: MGR) and Northern Star Resources Ltd (ASX: NST).
The continued volatility was good for global gold prices which saw the Northern Star share price close up 3.7% for the week. Coles shares slid 2.0% from an all-time high while Mirvac shares dropped 2.8% lower.
After another volatile week on the markets, find out why I've got my eye on HUB24 Ltd (ASX: HUB) and 2 more ASX 200 shares this week.
HUB24 and 2 more ASX 200 shares to watch this week
Any recent share gainer is worth watching in my books. That's certainly the case for HUB24 shares which are up 46.9% in July alone.
Shares in the wealth management software platform surged after the company reported record annual inflows of $4.95 billion, up 27% from FY19, with funds under administration climbing 34% to $17.2 billion for the year.
I think those strong numbers make the ASX 200 finance share worth watching in the weeks ahead.
While on the subject of numbers, Thursday's budget update has provided some food for thought.
In particular, I think ASX 200 bank shares are worth watching after the Federal Government announced an $85.8 billion budget deficit for the year.
With net debt set to balloon to $488 billion by the end of June. That could be good or bad news depending on how that money is spent in 2020.
ASX bank shares like Commonwealth Bank of Australia (ASX: CBA) are so intertwined with the Aussie economy. That means strong government support could be good for the CommBank loan book and earnings quality.
Finally, the Orocobre Limited (ASX: ORE) share price is on my weekly watchlist. The ASX 200 lithium share rocketed 13.2% higher last week on renewed hopes of an electric vehicle boom.
Tesla Inc (NASDAQ: TSLA) shares have continued climbing recently on the back of strong earnings and closed out short positions. Strong production to fulfill demand could make lithium shares like Orocobre worth watching in the weeks ahead.
