It was a bumper week for ASX 200 shares as the S&P/ASX 200 Index (ASX: XJO) jumped 1.71% higher.

Last week I was watching Northern Star Resources Ltd (ASX: NST), Woodside Petroleum Limited (ASX: WPL) and Wesfarmers Ltd (ASX: WES).

The Northern Star share price jumped 3.06% higher as investors looked to the safety of gold amid continued volatility. Woodside shares climbed as OPEC slashed production – a potential sign that the oil price war is coming to an end. Wesfarmers shares gained 2.53% despite announcing 75 Target store closures on Friday.

After a big week for last week’s top picks, here are the 3 ASX 200 shares that I’ll be keeping my eye on in the week ahead.

3 ASX 200 shares to watch this week

I think it’s worth watching the CSL Limited (ASX: CSL) share price this week. The biotech giant’s shares fell 3.61% lower last week and are trading at $290.93 right now.

CSL shares have had strong support around the $290-300 per share mark. I think earnings could still be steady in 2020 given CSL’s operations are spread far and wide across the healthcare sector.

Another ASX 200 share to watch is A2 Milk Company Ltd (ASX: A2M). The Kiwi dairy group’s shares fell 2.88% last week but remain up 22.80% in 2020. 

I think investors are wondering how to value the dairy company right now. Tensions with China may threaten more exports than just barley and a2 Milk generates significant revenue from its Asian sales channels.

My final ASX 200 share to watch this week is Stockland Corporation Ltd (ASX: SGP). In contrast to the other 2, Stockland shares rocketed 13.70% higher last week.

Many of the Australian real estate investment trusts (REITs) jumped in value last week as Aussies anticipated the easing of coronavirus restrictions. That’s good news for the retail REITs and their tenants, and could provide a much-needed earnings boost in 2020.

The Stockland share price is worth keeping an eye on this week to see if there’s more growth in store as the Aussie economy begins to re-open.

More reading

• Is the NAB share price a buy today?
• 2 quality ASX shares to buy for long-term growth
• 5 ASX 200 winners and 4 losers of last week
• 5 things to watch on the ASX 200 on Monday
• 3 ASX 200 growth shares I want to buy for my portfolio

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 CSL Ltd. The Motley Fool Australia owns shares of A2 Milk and Wesfarmers 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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In turbulent times like these, expanding your portfolio with quality, diversified, well-priced ASX shares with a proven track record is, I believe, a good way to achieve portfolio stability. Not to mention, help provide the foundation for strong shareholder returns over the next decade and beyond. 

Here are two S&P/ASX 200 Index (ASX: XJO) shares which I believe meet these criteria: Ansell Limited (ASX: ANN) and Brickworks Limited (ASX: BKW).

Ansell

Ansell is involved in the development, manufacturing and sale of gloves and protective personal equipment in the industrial and medical markets.

The manufacturer reported in a business update in late March that it has been experiencing high demand for its hand and body protection products, as these products are industry certified for protection against infections such as the coronavirus. This includes its single-use examination gloves and surgical gloves. These products are very likely to continue seeing strong demand over the next few months as the crisis continues. Although there has been reduced demand for some of its industrial products, the overall demand for Ansell’s product portfolio has been higher over the past few months.

This increased demand has helped drive up its share price. Despite an initial dip in its share price in February and the middle of March, at the time of writing Ansell was at a 52-week high of $34.82.

Even with this recent share price increase, I still think that Ansell offers a relatively good buying opportunity for investors with a long-term investment horizon.

Ansell’s significant size and geographic spread helps the company maintain a very strong competitive position. Also, new product lines position Ansell well to generate growth over the next few years, supported by a strong research and development program.

Brickworks

Brickworks has gained a strong reputation as one of the most consistently performing businesses on the ASX over the past few decades, underpinned by its diversification across a number of divisions.

The group’s Building Products division manufactures and distributes a range of bricks and other masonry products. Its property division owns a significant holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), providing the company with a strong and steady dividend income stream.

Brickworks also has a significant stake in an industrial property trust with Goodman Group (ASX: GMG), which builds and operates a range of property for industrial businesses.

Although there is always the risk of a further downturn in the building industry, I believe that the significant fall in its share price since late February by more than 30%, now offers investors a relatively good buying opportunity.

Brickworks shares also currently offer an attractive trailing dividend yield of 4.27%, which grosses up to 6.1% with full franking.

More reading

• ASX 200 shares to buy for growth and income
• Is the NAB share price a buy today?
• 3 ASX 200 shares to watch this week
• Replace your term deposit with these dividend shares
• 5 ASX 200 winners and 4 losers of last week

Motley Fool contributor Phil Harpur has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Ansell 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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