The S&P/ASX 200 Index (ASX: XJO) snapped a losing streak last week as the benchmark index edged 0.1% higher to 5,864.50 points. That’s despite ongoing volatility in tech shares as ASX 200 mining shares like Saracen Mineral Holdings Limited (ASX: SAR) saw strong gains.
As I look ahead to another big week of trade, I’ve got my eye on a few potential movers and shakers. Here are 3 ASX 200 shares that I think are worth watching this week.
3 ASX 200 shares to watch this week
Let’s start with Saracen. The Saracen share price was one of the top performers last week as the ASX gold share rocketed 4.2% higher on Friday.
Market volatility has been good for gold shares with the precious metal in high demand right now for its perceived safety. That’s certainly been reflected in the Saracen share price this year which has rocketed 63.3% higher in 2020.
There’s always the risk of commodity-based shares overinvesting and seeing a medium to long-term slump. However, I think we’ll see more volatility in 2020 which could push ASX gold shares higher through to the end of the year.
Outside of gold shares, I’ve got my eye on a potential growth stock: Qube Holdings Ltd (ASX: QUB). The ASX 200 logistics share fell 2.6% lower on Friday which could present a buying opportunity.
Qube has a market capitalisation of $4.8 billion and a 2.0% dividend yield right now. I’m bullish on the logistics sector as more retailers shift from bricks-and-mortar to an online warehouse model similar to Amazon.com, Inc. (NASDAQ: AMZN).
I’ve also got my eye on an ASX 200 media share in the form of Domain Holdings Australia Ltd (ASX: DHG).
The Domain share price slipped 2.4% lower on Friday but I think the short-term outlook for property isn’t all bad. Prices are starting to stabilise which is good news for more listings and higher traffic to the Domain site.
Shares in the real estate media group are down 1.4% for the year but could be worth a look if the housing rebound continues in 2020.
Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now
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