3 Stocks To Monitor In The Upcoming Week

3 Stocks to monitor in the upcoming week have been determinted. Those 3 stocks were Micron Technology, Bed Bath & Beyond and Toast stocks.

Markets are likely to remain volatile in the last week of the third quarter, amid fears that the troubles of Chinese real estate company Evergrande will spread to the financial system. While S&P 500 and Dow Jones closed the week positive on Friday, NASDAQ index finished the week steady. Beyond these macro trends, 3 stocks that may show activity with the opening of the markets due to their unique developments were examined.

1. Micron Technology

Semiconductor manufacturer Micron Technology (NASDAQ:MU) will report its quarterly results on Tuesday, September 28, after the market close. The storage chip maker is expected to report earnings of $2.33 per share in the fourth quarter of fiscal 2021, with revenue of $8.23 billion. CEO Sanjay Mehrotra said in March that demand for memory chips will remain strong and supply will remain tight in the coming year. Cars, servers and other electronics have higher memory requirements than in the past, and companies and consumers are spending on everything from smartphones to network systems, according to Mehrotra. Micron shares, which have not changed significantly this year, closed Friday at $74.05.

2. Bed Bath & Beyond

US furniture and home products giant Bed Bath & Beyond (NASDAQ:BBBY) will announce its fiscal 2021 second quarter results on Thursday after the market close. Analysts had expected the retailer to post a $0.52 loss per share on sales of $2.06 billion. The company said in June that the loss narrowed in the first quarter and raised its sales forecast for the year. Bed Bath & Beyond shares have rallied more than 40% this year, ending Friday at $22.95.

3. Toast

The newly listed shares of Toast (NYSE:TOST), a company that makes software and hardware for restaurants, will be in focus this week after raising $870 billion in capital in its initial public offering last Wednesday. Shares of the Boston-based company opened Wednesday at $65.26, 63% above the $40 offering price. Toast sold 21.7 million shares on Tuesday after offering its shares at between $34 and $36. However, after the initial rise, stocks tumbled 15% and closed Friday at $55.78.   Source: Investing.com