3 Stocks To Follow In The Upcoming Week

3 Stocks to follow in the upcoming week have been determinted. Those 3 stocks were Microsoft, Apple and Amazon stocks.

This week, while some of the biggest companies in the USA will release their last quarter reports, will be a week in which investors will focus on the US market. In the crucial week of the first quarter earnings period, we will examine three technology giants. The data to be announced by these companies can reveal whether they are still profitable from the epidemic-induced increase in demand that has brought their shares to record peaks in recent months. 1. Microsoft Microsoft (NASDAQ: MSFT) will announce fiscal 2021 third quarter results after the market close on Tuesday, April 27. The analysts' consensus estimate was that the software and cloud computing giant announced a profit of $ 1.78 per share, with sales of $ 41.04 billion. Microsoft has profited greatly from the increase in demand for connectivity as people take their jobs and social interactions from their homes. Growth in this segment jumped by 50 percent in the last quarter, as corporate customers accelerated their transition to the cloud, where they can store their data and run their applications over the internet during the epidemic process. MSFT shares closed the week at $ 261.15 after rising 17 percent this year. 2. Apple Apple (NASDAQ: AAPL), manufacturer of computers and smart wearables, as well as iPhone models, will announce fiscal 2021 second quarter results after the market close on Wednesday, April 28. Analysts' average forecast was $ 0.98 per share with sales of $ 76.71 billion. Due to uncertainty regarding sales of new iPhone models, Apple stock has lagged behind the general market so far this year. After experiencing a period of weak growth in iPhone sales, it was stated that Apple is on the verge of a new cycle of super growth, thanks to new 5G-enabled phone models. Despite this, Apple shares have remained almost stable this year, despite a rise of 80 percent last year. Apple finished Friday with $ 134.32. 3. Amazon Amazon (NASDAQ: AMZN), the world's leading online retail giant, will announce its first quarter results after the market close on Thursday, April 29th. The consensus expectation was that the world's most valuable e-commerce company announced a profit of $ 9.49 per share, with sales of $ 104.49 billion. Amazon stocks, which have been on the rise since March 2020, when the epidemic exploded, recorded a strong recovery. Amazon shares, which rose nearly 6 percent over the past month, closed on Friday at $ 3,340.88. According to Investing.com analysts, a weakness in the stock or a possible negative surprise in the quarter results would provide an ideal buying opportunity.     Source: Investing.com