3 Stocks To Monitor In The Upcoming Week

3 Stocks to monitor in the upcoming week have been determinted. Those 3 stocks were Oracle, Adobe and Kroger stocks.

With the Fed starting its two-day meeting this week, investors' focus is likely to shift to macro indicators such as interest rates and inflation. Equity investors view the market positively for now. In this mood of the market, the 3 stocks to watch closely next week will be: 1. Oracle Oracle Corporation (NYSE:ORCL) will announce its fiscal 2021 fourth quarter results after market close on Tuesday, June 15. Analysts expected earnings per share of $1.31, with sales of $11.02 billion. Oracle shares have soared this year as demand for its cloud computing services has improved after years of quiet sales. The stock, which closed Friday at $82.90, has climbed 28 percent this year, more than triple the NASDAQ 100 Index's earnings for the same period. 2. Adobe Systems Another stock that investors will watch with interest this week will be Adobe Systems (NASDAQ:ADBE). The company, the maker of popular products like Photoshop, will announce its fiscal 2021 second-quarter results after the market close on Thursday, June 17. Wall Street had expected earnings of $2.81 per share on revenue of $3.73 billion. Users of Document Cloud products such as Adobe Acrobat PDF and electronic signature software have increased as millions of people work from home. Adobe shares closed Friday at $541.26 after rising 8 percent this year. 3. Kroger Kroger stock is up 22% this year, driven by the company's soaring sales and participation in the Covid-19 vaccination efforts in the US. The company supplies vaccines to millions of people across the country, creating more repeat customers for its pharmacies and supermarket products. Kroger had record revenue of $132.5 billion in the year ending January 30. Kroger says it trusts its in-store pharmacies and clinics will make their supermarket central to consumers' lives, even as the coronavirus outbreak declines. The results, which will be announced next week, may signal the course of the company as the epidemic is brought under control.         Source: Investing.com