After a big week for the S&P/ASX 200 Index (ASX: XJO), there are a few ASX 200 shares that I’ve got in my sights.
The benchmark Aussie index edged 0.6% lower to 6,073.80 points as investors reacted to the latest run of earnings results.
Find out why I’ve got my eye on Polynovo Ltd (ASX: PNV) and 2 more ASX 200 shares in the week ahead.
Polynovo and 2 more ASX 200 shares to watch
It was a volatile week for the Polynovo share price after the Aussie biotech announced its FY20 results.
Polynovo saw sales growth of 104% to $19.1 million but reported a net loss after tax of $4.2 million. That wasn’t enough to impress investors as the ASX 200 biotech share price fell 14.5% lower in the space of 2 days.
However, a strong resurgence saw the Polynovo share price rocket 12.9% on Friday, thanks to robust insider buying.
Speaking of resurgences, I think the Afterpay Ltd (ASX: APT) share price could be on the move on Monday.
The buy now, pay later (BNPL) group released its FY20 results on Thursday. That was headlined by a 112% increase in underlying sales to $11.1 billion driven by strong growth across Australia, New Zealand, the United Kingdom and the United States.
However, the ASX 200 fintech still managed to report a statutory loss despite strong sales. That didn’t impress investors with the Afterpay share price falling 5.6% lower to $88.75 per share.
Finally, I’ve got my eye on the Woolworths Group Ltd (ASX: WOW) share price this week.
Shares in the ASX 200 conglomerate jumped higher on Thursday after the company’s full-year results.
The Woolworths share price is up 9.6% this year but it has been a volatile ride for investors. I think Woolworths is worth watching in the week ahead as investors try and re-value the ASX 200 share.
Foolish takeaway
It’s been a wild ride in August with many Aussie companies reporting their half-year or full-year earnings.
These are just a few of the ASX 200 shares that I’ve got my eye on in the week ahead with some exciting results including IOOF Holdings Limited (ASX: IFL).
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More reading
- ASX 200 Weekly Wrap: Earnings drag ASX back to reality
- 5 things to watch on the ASX 200 on Monday
- Unlikely ASX stock winners from the change in the Fed’s inflation policy
- 3 of the best ASX tech shares to buy in September
- ASX reporting season heroes to buy for FY21
Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of POLYNOVO FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO and Woolworths Limited. 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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