3 Stocks To Follow In The Upcoming Week

3 Stocks to follow in the upcoming week have been determinted. Those 3 stocks are AMC, GameStop and Chewy stocks. This week, investors relieved as the US economy showed signs of recovery, while stocks performed strongly. The stocks that are likely to be the highlights of the market next week are as follows.

1. AMC Entertainment Holdings

AMC Entertainment Holdings (NYSE:NYSE:AMC), one of the favorite stocks of new investors lately, may have its ups and downs this week. According to the news, the company's executives and senior staff were among those who sold a total of $ 8 million worth of shares of the company last week. After the stock rose 80 percent last week, two board members and four executives sold their holdings at nearly a record price. The stock ended Friday at $47.91, down almost 8 percent. AMC was on the verge of bankruptcy just a few months ago, as the epidemic caused movie theaters to be closed and competition from streaming services increased.

2. GameStop

GameStop Corp (NYSE:GME), which left its mark on Wall Street months ago, is preparing to announce its quarterly results after the market close on Wednesday, June 9th. On average, analysts expect the company to report a loss of $0.67 per share with revenue of $1.13 billion. GameStop stocks rose more than 1200 percent this year as individual investors organized and made sudden purchases. The stock closed Friday at $248.36 after losing more than 3%.

3. Chewy

Chewy Inc., which sells pet products online. (NYSE: NYSE:CHWY) will report its latest quarterly results on Thursday, June 10, before markets open. Analysts expected a loss of 3 cents per share with sales of $2.12 billion. During the pandemic, where consumers stock up on food and products for their pets, Chewy thinks this will continue as online sales drop. The company reported that it reached 19.2 million active users with a 43 percent growth in March. Chewy, which is still in the early stages of growth, expects net income to be between $8.85 - $8.95 billion in 2021, which is about 25 percent growth in revenue compared to last year. Chewy, which has dropped 16 percent this year, finished Friday at $75.21.   Source: Investing.com