3 Stocks To Monitor In The Upcoming Week

3 Stocks to monitor in the upcoming week have been determinted. Those 3 stocks were Salesforce, Best Buy and Dell Technologies stocks.

The last quarter results of some of the leading companies in the USA will be monitored cloesly. 1. Salesforce.com Salesforce.com (NYSE:CRM), which provides software and cloud-based services for customer relationship management to corporate companies, will announce its quarterly results after the market close on Wednesday, August 25th. The software provider is expected to report a profit of $0.92 per share on revenue of 6.24 billion. Salesforce strengthened its position by acquiring Tableua in 2019 and MuleSoft in 2018. Salesforce is now in the process of acquiring Slack Technologies for $27.7 billion, which is projected to drive sales growth over 25% annually. Salesforce stock gained nearly 16% last quarter, outstripping the tech-heavy NASDAQ Index. The stock closed Friday at $256.13. 2. Best Buy Electronics and tech chain Best Buy (NYSE:BBY), which has stores across the US and Canada, will report its second-quarter results ahead of market opening on Tuesday, August 24. Analysts' consensus estimate was for the company to post a profit of $1.89 per share, with revenue of $11.49 billion. Although demand for the company's products is still higher than normal, according to CFO Matt Bilunas, "it is difficult to predict how sustainable these trends will be given the high degree of uncertainty associated with the impact of the Covid-19 outbreak." Best Buy stock, which lost nearly 2% in the last quarter, closed at $112.63 on Friday. 3. Dell Technologies Dell Technologies (NYSE:DELL) will report its fiscal 2022 second-quarter results on Thursday, August 26, after the market close. Analysts had expected earnings of $2.03 per share with revenue of over $25.54 billion. CEO Michael Dell states that the company is trying to reduce its reliance on one-time hardware sales. Dell's goal is to make the company a reseller of subscription-based computing services. DELL currently still generates about half of its revenue from the sale of computers to corporate and individual customers. Dell shares, which have gained 36% this year, closed at $98.50 on Friday.     Source: Investing.com