3 Stocks to Follow Next Week

3 stocks to follow next week have been determined. Those shares were shares of Salesforce.com, Kroger and Snowflake.

Stocks in the US fell sharply on Friday as the new Covid variant reminded investors that the threats posed by the deadly epidemic still exist, despite improvements in vaccinations and treatments around the world.

1. Salesforce.com

Salesforce.com (NYSE:CRM), which provides software and cloud-based services for customer service management to corporate customers, will publish its quarterly results on Tuesday, November 30, after the market close. The software company is expected to post earnings of $0.92 per share on revenue of $6.8 billion. Salesforce completed its acquisition of Slack Technologies for $27.7 billion last summer, and the deal is expected to generate revenue growth of over 25% per year. Salesforce shares, which closed Friday at $284.21, rose 27% this year, surpassing the technology-heavy NASDAQ index.

2. Kroger

Supermarket chain Kroger (NYSE:KR) will release its third-quarter results ahead of the market open on Thursday, Dec. Analysts expected earnings of $0.66 per share with $31.14 billion in revenue. Kroger stock has gained 36% this year, thanks to increased sales and US involvement in vaccination efforts against Covid-19. Kroger recorded a record $132.5 billion in sales revenue for the year ending Jan.

3. Snowflake

Cloud data software maker Snowflake (NYSE:SNOW) will release its fiscal 2022 third-quarter results on Wednesday, December 1, after the market close. Analysts expect the company to report a profit of $0.0567 per share, with sales of $305 million. On analyst day in June, Snowflake announced they are targeting $10 billion in revenue by fiscal 2029. Analysts expect annual revenue to exceed $1 billion in current fiscal 2022. SNOW shares, which gained 30% this year, closed Friday at $362.60.   Source: Investing.com