3 Stocks To Monitor In The Upcoming Week

3 Stocks to monitor in the upcoming week have been determined. Those 3 stocks were Apple, Amazon, and Microsoft stocks.

In this pivotal week of the third-quarter earnings reporting period, we'll look at 3 tech companies whose figures may show whether they are still benefiting from the epidemic-driven demand growth that has driven their stocks to record highs in recent months.

1. Apple

Apple (NASDAQ:AAPL) will announce its fiscal 2021 fourth-quarter results after the market close on Thursday, October 28. Analysts' average expectation was $1.23 per share, with revenue of $84.85 billion. This year, Apple released new MacBook Pro, Mac mini, MacBook Air, AirPod and iPad models and updated Apple Watch devices to take advantage of the trend of working from home and the accumulation of demand for technological devices. But consumers who want to buy these devices during the current holiday period are facing delays, a threat to what could be the biggest sales quarter in Apple's history, Bloomberg reported last week. After an 80% jump in 2020, Apple shares are up over 11% this year, closing Friday at $148.69.

2. Amazon

E-commerce giant Amazon.com (NASDAQ:AMZN) will also announce its third-quarter results after the market close on Thursday. The consensus expectation was that the world's largest e-commerce company announced a profit of $8.91 per share with revenue of $111.62 billion. Amazon presented a sales figure and forecast that fell short of expectations in July, as economies reopened and some consumers returned to their old spending habits. Investors are likely to focus on the slowdown in this trend in the company's core e-commerce activities, which CFO Brian Olsavsky says will continue throughout the year. The slowdown in sales stands out as the most important reason behind the 8% decline in Amazon shares last quarter. Shares closed Friday at $3,335.55.

3. Microsoft

Microsoft (NASDAQ:MSFT) will announce its fiscal 2022 first quarter results after the market close on Tuesday, October 26. The software and cloud computing giant is expected to report $2.02 per share on revenue of $43.93 billion.   MSFT shares, which are up 39% this year, closed Friday at $309.16.   Source: Investing.com