5 things to watch on the ASX 200 next week

Credit Corp Group Limited (ASX:CCP) and REA Group Limited (ASX:REA) shares will be on watch on the ASX 200 next week…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Last week was one that investors will be in a hurry to forget. The S&P/ASX 200 Index (ASX: XJO) fell a disappointing 2.8% over the week to end it at 6,607.4 points.

Another busy week lies ahead, with plenty to keep investors on their toes. Here are five things to watch:

ASX futures pointing lower

The Australian share market looks set to start the week in the red after another poor night of trade on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to fall 34 points at the open. In the United States, the Dow Jones fell 2%, the S%P 500 dropped 1.9%, and the Nasdaq tumbled 2% lower. All three major indices dropped over 3% for the week. This was their worst weekly performance since October.

Reserve Bank meeting

On Tuesday the Reserve Bank of Australia will be holding its first meeting of the year and will discuss the cash rate. According to the latest cash rate futures, the market is pricing in a 75% probability of a cut to zero. This would be more bad news for income investors, who will potentially have to contend with even lower rate interest rates on savings accounts and term deposits.

Credit Corp kicks off earnings season

Earnings season kicks off next week with the release of the Credit Corp Group Limited (ASX: CCP) half year result. According to Morgans, the debt collection company is expected to deliver a strong result. Its analysts expect cash collections to be up 10% on the prior corresponding period and half year net profit to be up 2.5%. Though, the broker does see upside risk to its profit estimates.

Crown report

The Crown Resorts Ltd (ASX: CWN) share price could be on the move next week. After the market close on Friday, the casino and resorts operator announced that the New South Wales Independent Liquor and Gaming Authority (ILGA) has advised that on Monday it will receive the final report of the Bergin Inquiry into the suitability of Crown Resorts to hold the licence for Sydney's Barangaroo casino. The ILGA board will then consider the report and make its decision.

REA Group half year update

The REA Group Limited (ASX: REA) share price will be on watch on Friday when it releases its half year results. According to a note out of Morgans, its analysts expect a largely flat result. The broker is forecasting a slight revenue decline due to the impact of the Melbourne shutdown impact, which will be offset by increased cost control.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Crown Resorts Limited and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »