Weekly Reports | May 18 2018
This story features CSL LIMITED, and other companies. For more info SHARE ANALYSIS: CSL
For a more comprehensive preview of next week's events, please refer to "The Monday Report", published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the FNArena Calendar.
By Greg Peel
Today’s trading notwithstanding, we enter next week with an ASX200 apparently not about to crash through 6100 but as yet reluctant to breach the post-GFC high of 6135. Allowing a bit of licence on the downside, the index has now been stuck in that range since May 3 with no apparent drivers on the horizon, others than those unforeseen.
At the individual stock level there’s still quite a bit going on, although corporate events now begin to dwindle as we approach the typical “blackout” period leading in and out of EOFY. What we will see from here – and there’s already been one or two – are unscheduled updates bringing profit warnings as we enter the traditional “confession session”.
Rarely do companies “confess” to a pending earnings result that will beat expectations, although it does happen (see CSL ((CSL)) today).
The only major local economic release next week is March quarter construction work done, which feeds into the ultimate GDP release in June.
US economic releases next week include the Richmond Fed index and Chicago Fed national index, new and existing home sales and house prices, durable goods, consumer sentiment and a flash estimate of the May manufacturing PMI.
Japan and the eurozone will also flash.
The minutes of the last Fed meeting are due on Wednesday.
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For more info SHARE ANALYSIS: ALL - ARISTOCRAT LEISURE LIMITED
For more info SHARE ANALYSIS: AWC - ALUMINA LIMITED
For more info SHARE ANALYSIS: BKL - BLACKMORES LIMITED
For more info SHARE ANALYSIS: BLY - BOART LONGYEAR GROUP LIMITED
For more info SHARE ANALYSIS: CSL - CSL LIMITED
For more info SHARE ANALYSIS: GOR - GOLD ROAD RESOURCES LIMITED
For more info SHARE ANALYSIS: JHX - JAMES HARDIE INDUSTRIES PLC
For more info SHARE ANALYSIS: SKI - SPARK INFRASTRUCTURE GROUP
For more info SHARE ANALYSIS: SVW - SEVEN GROUP HOLDINGS LIMITED
For more info SHARE ANALYSIS: SYD - SYDNEY AIRPORT
For more info SHARE ANALYSIS: TNE - TECHNOLOGY ONE LIMITED