You might expect the entire banking sector and perhaps the market to move higher if CBA reports a billion buyback
In Australia, it's the most important week for earnings releases, with proxies and some of our biggest companies reporting this week. So, it could be hugely pivotal for markets and respective sectors, so if we get an earnings beat in Australia's biggest bank, for example, you might expect the entire banking sector and perhaps the market to move higher. The inverse is also possible, which quite typically occurs.
We could see a big moves from key sectors. Of course we have Australian banks that are on the move (with $CommBank (CBA.AU)$ CBA reporting and a possible extention of its $1 billion buyback program), healthcare could be supported higher (with CSL $CSL Ltd (CSL.AU)$ —the world's biggest influenza vaccine maker—and Cochlear $Cochlear Ltd (COH.AU)$ —global hearing implant leader—releasing results). Real estate will be in focus with Goodman Group $Goodman Group (GMG.AU)$ reporting too.
Goodman is one of the biggest industrial landlords in the world and a landlord to companies and brands including Amazon, Samsung, Tesla, Coca-Cola, Coles, IGA owner Metcash, Brickworks, JD.com, Dell, Linfox, and more. And of course, we await BHP results in two weeks, BHP being the biggest mining company in the world.
In the US, the focus is on gold this week and the consumer, with Barrick $Barrick Gold (GOLD.US)$, the world's second-biggest gold company, reporting, and Alibaba $Alibaba (BABA.US)$ also reporting. However, the world still awaits Nvidia's $NVIDIA (NVDA.US)$results, which are two weeks away.
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