3 Stocks To Monitored Closely This Week!

3 Stocks To Monitored Closely This Week!

With the S&P 500 finally seeing new highs, offsetting the damages of the epidemic divestitures, there is little left to question the strength of recovery in the US markets. The loose monetary policy of the US central bank, which has lowered the interest rates to the lowest levels in history in order to combat the decline caused by the epidemic since March, provided significant support to the shares. FED officials are expected to maintain this loose attitude in the meeting to be held next week. The S&P 500 gained 0.7% in the last five trading days and closed the fourth week in a row with an increase. The index broke the record for February 19 on Tuesday, revealing the fastest bear market recovery in its history. In this article, we will consider three stocks that we will be watching closely this week.

Apple

After completing a serious week in which the market value exceeded $ 2 trillion, the shares of Apple (NASDAQ: AAPL) investors will be divided into 1 to 4 after the closing of the transaction on August 24. Shareholders will receive three additional shares for each share they hold. Following the split, transactions will begin on August 31st. The iPhone manufacturer's stock recovered strongly after the epidemic-driven divestiture in March. With 134% gain in value over the previous year, the aim of this step was to bring the stock to a level achievable for a wider investor base. Apple completed Friday at $ 497.48, seeing a market value of $ 2.12 trillion, becoming the first company in history to see this milestone. On this move, Apple went to a share split for the fifth time since its public offering in 1980.

Amazon

Amazon.com (NASDAQ: AMZN) stock may show some mobility this week, with a change in the company's executive staff. After founder Jeff Bezos announced the long-term founding Jeff Wilke's retirement plan, Amazon announced Dave Clark, the head of logistics, as the new CEO of the retail segment. Clark, 47, will head the Worldwide Consumer unit, the group responsible for e-commerce, which also includes Amazon's retail web page and growing logistics efforts. In a parallel move, Andy Jassy took over as CEO of the cloud computing division of Amazon Web Services. According to Bloomberg, most people expected William as the replacement for Bezos. For this reason, his retirement announcement was an unexpected news for Amazon followers. In an email to employees, Bezos announced three new members of the S team, which consists of almost 24 senior executives who, along with the CEO, expressed company priorities. These are Alicia Boler Davis, vice president of customer satisfaction, John Felton, vice president of global delivery services, and Dave Treadwell, vice president of e-commerce services. Amazon stock closed the last trading day of the previous week at $ 3,284.72, down 0.38%.

Salesforce.com

Salesforce.com (NYSE: CRM), which provides software and cloud-based services to corporate customers, will publish its quarterly revenue report on Tuesday, August 25, after the market close. The software provider is projected to post a profit of $ 0.67 per share, with $ 4.9 billion in sales revenue. The stock, which has risen more than 18% since the company's last earnings report at the end of May, closed Friday at $ 207.53. The San Francisco-based company reduced its annual revenue and profit estimates at the end of May on the grounds that the coronavirus-based recession reduced demand against the company's cloud applications.