3 Stocks To Monitor In The Upcoming Week
3 Stocks to monitor in the upcoming week have been determined. Those 3 stocks were Bed Bath & Beyond, Walgreens, and Constellation Brands.
After the strong gains in the stock markets in 2021, investors will start the new year with an optimistic mood. The current expectation is that the US growth momentum will remain strong enough to take a fresh blow from the rapidly spreading
Omicron variant.
1. Bed Bath & Beyond
US furniture and home furnishings giant Bed Bath & Beyond (NASDAQ:BBBY) will report its fiscal 2021 third-quarter results on Thursday (January 6th), ahead of market opening. Analysts expect the retailer to report a profit of $0.017 per share, with sales of $1.96 billion.
The stock, which has become a favorite among individual investors on platforms like StockTwits, had an extremely volatile 2021. BBBY, which has fallen 80% since its peak at the beginning of last year, closed the year at $14.58.
2. Walgreen Boots Alliance
Walgreens Boots Alliance (NASDAQ:WBA), the second-largest pharmacy operator in the US, will also release its fiscal 2022 first-quarter results on Thursday, ahead of the market opening. Analysts are expecting earnings of $1.35 per share with revenue of $32.46 billion.
The company had benefited from the epidemic, thanks to the millions of Americans who also shopped for other products when they came to pharmacies for vaccinations. Walgreens shares, which appreciated over 30% in 2021, closed the year at $52.16.
3. Constellation Brands
Constellation Brands (NYSE:STZ), the maker of the beer brand Corona, will also report its fiscal 2022 third-quarter results ahead of market opening on Thursday, Jan. Analysts expect earnings of $2.21 per share with sales of $2.28 billion.
STZ shares, which gained 14% value in 2021, closed the last trading day of the year at $ 250.97.
Source: Investing.com