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Next Week At A Glance

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).

Next week brings more out-of-cycle earnings reports, in this case from TechnologyOne ((TNE)) and Aristocrat Leisure ((ALL)), with a quarterly result from James Hardie ((JHX)).

AGMs will be held by Boart Longyear ((BLY)), Alumina ltd ((AWC)), Beadell Resources ((BDR)), Spark Infrastructure ((SKI)), Westfield ((WFD)), Gold Road Resources ((GOR)) and Sydney Airport ((SYD)).

Investor days will be hosted by Seven Group Holdings ((SVW)) and Woodside Petroleum ((WPL)) while Blackmores ((BKL)) will host an analyst meeting.

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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CHARTS

ALL AWC BKL BLY CSL GOR JHX SKI SVW SYD TNE WPL

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 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

For more info SHARE ANALYSIS: WPL - WOODSIDE PETROLEUM LIMITED