3 Stocks To Monitor Next Week

3 Stocks to monitor in the upcoming week have been determinted. Those 3 stocks were Nike, Costco and FedEx.

Although September has traditionally been a relatively weak month for the stock market, major indices closed the past week with minor losses. The S&P 500, Dow and NASDAQ Composite closed the week with losses of 0.6%, 0.1% and approximately 0.5%, respectively. While the volatile market conditions continue to dominate the environment, the 3 stocks that will publish quarterly results in the coming days, which should be watched closely, are as follows.

1. Nike

Sportswear giant Nike (NYSE:NKE) will announce its fiscal 2022 first quarter results after the market close on Thursday, September 23. Analysts' average expectation was $1.12 per share, with sales of $12.46 billion. Analysts remain bullish for Nike stock despite the strong rally this year, as Nike's profit margins improved dramatically as it shifted sales to a lower-cost online model. Nike shares, which have gained more than 20% in the last three months, finished Friday at $ 156.42.

2. Costco Wholesale

With Costco Wholesale (NASDAQ:COST) also due to announce its fiscal 2021 fourth quarter results after the market close on Thursday, September 23, the retail industry will be the focus. Analysts had expected the chain to post a profit of $3.56 per share, with sales of $61.4 billion. Costco has been one of the investors' favorite stock picks over the past year. Costco stock, which gained nearly 20% in value last quarter, should post strong results from this point on to continue the upward trend. The stock closed Friday at $459.51.

3. FedEx

FedEx (NYSE:FDX), the world's largest cargo delivery company, is another big name that will release its financial results next week. Analysts expect the Memphis, Tennessee-based transportation giant to show sales jumping to $21.9 billion from $19.3 billion a year earlier in its fiscal 2022 first-quarter report, which will be released after market close on Tuesday (September 21st). The company's latest results showed that although sales increased during the epidemic period, the effects of cost pressures began to be felt. FedEx's capital expenditures are expected to increase by more than 20% in fiscal 2022, as FedEx has increased its spending to increase efficiency, including 16 facilities to be completed by the end of the year. FedEx shares, which have lost nearly 11% in the past three months, closed Friday at $255.22.     Source: Investing.com