3 Stocks To Monitor Next Week

3 stocks to monitor next week have been determined. Those stocks were Zoom Video, Broadcom and DocuSign.

Last week, the $ 6 trillion budget proposed by US President Joe Biden had a great impact in the markets. While the effects of the said proposal, which instilled optimism in the markets, continue, the following 3 big stocks should be watched carefully this week.

1. Zoom Video

Zoom Video Communications (NASDAQ:ZM) will report its fiscal 2022 first quarter results on Tuesday, June 1, after the market close. Analysts expected earnings of $0.99 per share with revenue of $907.61 million. The leading video communication platform, thanks to curfew restrictions and telework trends, saw a dramatic increase in sales and became one of the companies that benefited most from the epidemic. Shares of the San Jose, California-based company have failed to impress investors this year after gaining 400% in value last year. Shares, which stood at $331.53 as of Friday's closing, have lost 2% this year.

2. Broadcom

Broadcom (NASDAQ:AVGO) will be the last major chip maker to publish quarterly results in the current period. The company will announce its fiscal 2021 second quarter results on Thursday, June 3, after the market close. Analysts expected earnings of $6.43 per share, with sales of $6.51 billion. Broadcom is one of the world's largest chipmakers, producing parts from smartphone components to semiconductors in home Wi-Fi devices and key components of networking equipment. Broadcom announced in March that nearly 90% of the company's 2021 supply has already been ordered by customers, and the chipmaker has produced enough from external suppliers to meet the customer demand. Broadcom stocks, which closed the week at $472.33, have gained approximately 8% this year and approximately 65% in the last 12 months.

3. DocuSign

E-signature company DocuSign (NASDAQ:DOCU) will announce its quarterly results on Thursday after the market close. Analysts expected the company to announce a profit of $0.28 per share, with revenue of $438 million. The San Francisco-based application software company has seen significant growth in its digital services as remote work and social distancing trends push companies to use digital signatures and manage their contracts electronically. According to Dan Springer, the company's CEO, DocuSign is still at an early stage in its growth, and Springer's estimate was that the accessible market is $50 billion in size. DocuSign stock, which has lost nearly 9% this year, closed the week at $201.62.   Source: Investing.com