2 Stocks To Monitor This Week: Apple and Salesforce.com

2 Stocks To Monitor This Week: Apple and Salesforce.com

With the S&P 500 coronavirus (Covid-19) recovering from the outbreak and seeing historical records, the extent of the improvement in the US markets has also been seen. As it is known, the US central bank has kept its monetary policy at the lowest levels in history as part of the fight against the decline caused by the epidemic since March. This situation therefore provides substantial support to the shares. Federal Reserve (FED) officials are expected to continue this loose policy at the meeting, which is expected to be held next week. The annual Jackson Hole symposium held by the FED will begin with the speech of FED Chairman Jerome Powell on Thursday, where he will evaluate the results of the monetary policy and the FED's policy framework review. S&P 500, which gained 0.7 percent in the last five trading days, closed its fourth week in a row with an increase. The S&P 500 index, which broke the record for February 19 on Tuesday, achieved the fastest bear market recovery ever seen. In this article, we commented on two stocks that will be watched closely this week.

1.Apple

Shares of Apple investors, which closed the last week by moving the market value to $ 2 trillion, will be divided into 1 to 4 after the closing of the transaction today. That is, shareholders will receive 3 additional shares for each share they hold. Following the split, transactions will begin on August 31st. Shares of technology giant Apple recorded a strong recovery after the divestiture from the Coronavirus (Covid-19) outbreak and gained 134 percent in the last year. The goal of this move was to make the stock accessible to a wider audience of investors. Completing Friday at $ 497.48, Apple achieved a market value of $ 2.12 trillion, becoming the first company in history to reach this level. With this development, Apple has made a share split for the fifth time since its public offering in 1980. The last split was in 2014; the previous ones happened in 1987, 2000 and 2005.

2. Salesforce.com

Salesforce.com, the software and cloud-based service provider for corporate customers, will publish its quarterly report on Tuesday, August 25, after the market close. The company is estimated to post a profit of $ 0.67 per share, with $ 4.9 billion in sales revenue. Having valued over 18 percent since the last earnings report at the end of May, the share completed Friday at $ 207.53. The San Francisco-based software provider lowered its annual revenue and profit forecasts in late May on the grounds that the recession caused by the coronavirus epidemic weakened the demand for the company's cloud applications. Although Salesforce.com is the leader in sales tracking software, growth rates have slowed down over time.