3 Stocks To Monitor In The Next Week

The 3 stocks to monitor next week are GameStop, Amazon and Alphabet. Especially, GameStop stock, which has been confusing Wall Street recently, should be emphasized.

As it is known, the main reason for the GameStop rally was the organization of small investors in social forums such as Reddit to raise prices in order to create short squeeze. The fact that a group of small investors is so organized against Wall Street along with Elon Musk’s "Gamestonk !!" tweet, with a link to the corresponding WallStreetBets Reddit forum sparked the situation. After these developments, it seems inevitable that the mentioned stock will be on the agenda next week. So here are 3 shares that should be watched carefully next week:

1.GameStop

It was stated that the GameStop stock, which is said to be not a stock that long-term investors would normally focus on, attracted attention during the epidemic process. It was stated that the stock has become an important indicator for reasons such as the latest developments experienced by the company and the high number of young investors who are at home during the epidemic and looking for ways to earn money. The stock rose once again on Friday, after trading platform Robinhood announced that transactions for securities that were previously restricted would continue in a limited way. GameStop thus gained over 400 percent last week and over 1,600 percent this month. The stock closed Friday at $ 325, bringing the company a market value of $ 22.66 billion. Although it is not known when this buying trend will end, analysts state that this stock is not for serious investors. On the other hand, the company's sales revenue is expected to drop 18 percent this fiscal year, according to a forecast by Bloomberg.

2. Amazon.com

Leading online retailer Amazon.com (NASDAQ: AMZN) expects to announce its fourth quarter results after the market close on Tuesday, February 2nd. The e-commerce company with the world's highest market value is expected to once again exceed expectations thanks to its strong profit momentum. The company's sales revenues are expected to increase by 37 percent to $ 119.68 billion compared to the same period last year, with a profit of $ 7.16 per share. Undoubtedly, one of the companies that has benefited the most from the coronavirus epidemic has been Amazon. However, Amazon warned in October that adjustments to its operations and increased costs due to the epidemic could reduce its earnings per share. Amazon shares, which have been nearly stable for the last 3 months after the strong increase since the fall in March, completed Friday at $ 3,204.40.

3. Alphabet

Alphabet, the parent company of Google (NASDAQ: GOOGL), will also announce its fourth quarter results after the market close on Tuesday. Analysts' average expectation was of $ 52.89 billion in revenue and $ 15.7 in profit per share. Concerns that the coronavirus-induced recession will force companies to cut their digital advertising spending caused Google stocks to remain weak in 2020. On the other hand, the company outperformed analyst expectations with the increase in digital ad revenues in October. The stock, which has increased almost 25 percent in the past 12 months, completed Friday at $ 1,827.36.         Source: Investing.com