3 Stocks To Follow Next Week

3 stocks to follow next week have been determined. Those stocks were GameStop, Adobe Systems and Visa. Here are the details..

1. GameStop

Reddit lovers' favorite stock, GameStop (NYSE: GME), will announce its fourth quarter results after the market close on Tuesday, March 23. Analysts' average forecast was $ 1.35 per share with sales revenue of $ 2.21 billion. GameStop announced this month that it has recruited activist investor Ryan Cohen, founder of Chewy (NYSE: CHWY), to lead its e-commerce breakthrough. Texas-based GameStop, which formed a strategic planning and capital allocation committee under the leadership of Cohen, said that the new establishment will determine the steps to transform itself into a technology company and help create continuous value for shareholders. The stock, which gained approximately 1000 percent value this year, ended Friday with $ 200.27.

2. Adobe Systems

Software manufacturer Adobe Systems (NASDAQ: ADBE), which owns popular products such as Photoshop, will share fiscal 2021 first quarter results after market closure on Tuesday, March 23. Wall Street's forecast was $ 2.79 profit per share with $ 3.76 billion in revenue. Adobe stocks fell 12 percent this year, behind NASDAQ. The stock closed the day at $ 441.50, up 0.53 percent on Friday.

3. Visa

Credit card giant Visa (NYSE: V) may again have a lost week after news that the Department of Justice in the US has launched an investigation into the company's debit card activities and possible anti-competitive practices. Visa stocks closed at $ 206.90 on Friday, down 6 percent. According to reports, investigators are examining whether Visa's wage policies illegally gave it unfair market dominance.     Source: Investing.com