xAnts

The Australian share market faced a bit of a stumble on Friday, with the S&P/ASX 200 (ASX: XJO) closing slightly down. After a period of relative stability, the index dipped 0.3% to finish at 8,807.1 points. But will Monday bring a turnaround? Investors are keen to see if the market can regain its footing and head back towards positive territory.

Here's a rundown of five key stocks to keep an eye on as we head into the trading week, along with the factors influencing them. This isn't financial advice, of course - always do your own research before making any investment decisions. Let's dive in!

1. BHP Group (ASX: BHP)

As a major player in the resources sector, BHP's performance is often closely tied to global commodity prices. Recent fluctuations in iron ore and copper prices, driven by concerns about Chinese economic growth, could impact investor sentiment. Keep an eye on any overnight news from China and any updates from BHP regarding production targets. A positive catalyst could be a rebound in iron ore prices or a favorable update on their copper operations.

2. Commonwealth Bank (ASX: CBA)

Australia's largest bank is always a bellwether for the overall economy. Recent interest rate decisions by the Reserve Bank of Australia (RBA) and the outlook for future hikes will continue to be key factors. Investors will be watching for any signals about the bank's lending practices and how they are managing potential risks in the housing market. Strong mortgage growth and stable bad debt levels would be seen as positive signs.

3. Westpac Banking Corp (ASX: WBC)

Similar to CBA, Westpac's performance is heavily influenced by the broader economic climate and interest rate environment. The bank has been focusing on improving its efficiency and streamlining operations. Any news regarding their cost-cutting initiatives or their competitive positioning in the mortgage market will be of interest to investors.

4. CSL Limited (ASX: CSL)

CSL, a global leader in biotechnology, is known for its relatively stable earnings. However, the biotech sector can be sensitive to regulatory changes and clinical trial results. Investors will be monitoring any updates on CSL's pipeline of new products and therapies, as well as any news related to the global demand for its existing products. A successful clinical trial or regulatory approval could provide a boost.

5. Woodside Energy Group Ltd (ASX: WDS)

With the ongoing energy crisis and volatility in oil and gas prices, Woodside remains a stock to watch. Geopolitical factors and global demand will continue to play a significant role in its performance. Keep an eye on any developments related to LNG projects and the company's commitment to sustainability initiatives. While energy prices are currently elevated, any signs of a slowdown in global demand could weigh on the stock.

Disclaimer: This information is for general guidance only and does not constitute financial advice. Investors should conduct their own research and seek professional advice before making any investment decisions.