3 Stocks To Monitor In The Upcoming Week

3 stocks to monitor in the upcoming week are Tesla, Oracle and JD.com. .

The $ 1.9 trillion stimulus package offered by US President Joe Biden passed the Senate. Parallel to this development, while there is a perception that the markets will open positively, bond volatility will also be one of the issues to be watched carefully. Under uncertain market conditions, 3 stocks that should be monitored closely next week were examined:

1. Tesla

Investors will carefully follow the movements in Tesla (NASDAQ: TSLA) shares, after the 30 percent loss of value since the summit in January. Tesla shares closed at $ 597.95 on Friday, when growth stocks lost about 4 percent. As a result of the increasingly accelerated divestment in technology stocks, investors are also worried that the competition in the electric vehicle market is fierce and the company may have difficulty in increasing the sales volume as the price cuts in some models.

2. Oracle

Oracle (NYSE: ORCL)) will announce fiscal 2021 third quarter results after market close on Wednesday, March 10. Analysts' expectations were $ 10.05 billion in sales revenue and $ 1.11 in profit per share. At the end of December, the company announced a forecast for quarterly revenue that exceeded expectations, a sign of improved demand for cloud computing services after years of weak sales. Revenue is said to have likely increased by 2-4 percent in the period ending February, enabling the company to record sales growth for the third consecutive quarter after two fiscal year revenue declines. Oracle shares, which completed Friday with $ 69.97, gained nearly 7 percent on the last trading day of last week, with the expectation that the results will exceed expectations. The stock has increased 26 percent in the past six months.

3. JD.COM

Chinese e-commerce company JD.Com (NASDAQ: JD) will announce its fourth quarter results before the market opening on Thursday, March 11. Analysts expected $ 33.9 billion in revenue and $ 0.19 in profit per share. According to the news published by Bloomberg last month, the company aims to raise billions of dollars by offering the shipping company JD Logistics to the public in Hong Kong in order to benefit from the e-commerce boom after the coronavirus epidemic in China. According to the report, the initial public offering will provide a resource of about $ 5 billion and will give the unit close to $ 40 billion. JD's shares listed on the NASDAQ have fallen more than 16 percent since their peak on Friday and closed at $ 90.62 on Friday.       Source: Investing.com