Stocks to watch as ASX reporting season continues

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Mark O'Donnellon 16/08/2022|
2 min read
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Reporting season continues in Australia, with some more big names scheduled to provide  financial performance updates over the remaining days of August. Among Australian stocks,  players in the resources and energy industries are still generating attention as fluctuations in the  prices of oil and commodities persist. 

Analysts believe that Australia is in an ideal position to benefit from the implications of the global  energy disruption. Likely riders to potential gains from this hypothesis are Woodside Petroleum  (ASX: WPL), Santos (ASX: STO), Beach Energy (ASX: BPT), Karoon Energy (ASX: KAR) and  Senex Energy (ASX: SXY). 

Perhaps the most notable commodity firm to watch for is Newcrest Mining (ASX: NCM). The  company was in the red last week and is considered susceptible to industry-wide inflationary  pressures. However, considering the recovery of gold prices, it will be interesting to see whether  the company will have similar turnaround once it discloses results on Aug. 19. 

Going beyond energy and resources 

Outside the resources and commodities industries, attention remains high for financial  companies in Australia, although not exactly for the right reasons. 

Insurance Australia Group (ASX: AIG) is in the red following its results on Aug. 12. It reported a  loss attributable to shareholders of A$460 million for the six months ended June 30. As of  Monday afternoon, its shares fell roughly 3%. 

Medical supplier Ebos Group (ASX: EBO) is similarly on the watch list for failing to stage a  recovery. It closed on the red Monday at NZ$38.65, falling nearly 1%. The company is reporting  first-half results on Aug. 24. Its financial update is expected to feature the completion of its  LifeHealthcare acquisition and a sneak peek into future prospects. 

Over the next two weeks, other companies that will provide financial updates are Coles (ASX:  COL), Woolworths (ASX: WOW) and Domino’s Pizza (ASX: DMP).