3 Stocks To Watch In The Next Week

3 stocks to watch in the next week were compiled on the last day of the current week. Those shares were NVIDIA, Salesforce and Best Buy.

It was stated that the decrease in the number of coronavirus (Covid-19) cases, the expectation of a stronger recovery in the second quarter, and the positive expectations for the new stimulus package could enable the US stock markets to start the week positively. While it was stated that the aforementioned developments supported some of the best shares in sectors such as energy and finance, it was emphasized that this positive perspective helped some banks to improve their forecasts. After the recovery in retail sales in January, Goldman Sachs increased its first quarter growth forecast to 6 percent and Morgan Stanley to 7.5 percent. Investors focused on the stocks that should be watched weekly in this positive mood. The stocks of the 3 companies that will announce the last quarter results will be as follows:

1. NVIDIA Corporation

Tech giant NVIDIA Corporation (NASDAQ: NVDA) will announce its results for the fourth quarter after the market close on Wednesday, February 24. Analysts expect the company to post a strong quarter with $ 4.82 billion in revenue and $ 2.8 per share. NVIDIA shares had performed strongly over the past 12 months as demand for chips used in data centers and game consoles increased. The stock, which gained 88 percent last year and 14 percent in 2021, completed Friday with $ 597.06.

2. Salesforce.com

Salesforce.com (NYSE: CRM), which provides corporate software and cloud-based services for customer service management to its corporate customers, will announce its quarterly results after the market closing on Thursday, February 25. The company is estimated to post a profit of $ 0.7541 per share, with revenue of $ 5.67 billion. In the past quarter, Salesforce stock lost nearly 7 percent in value and outperformed the overall market. The stock ended Friday with $ 246.56. The company's latest report will include the acquisition of Slack Technologies (NYSE: WORK) for $ 27.7 billion, as it acquired a popular business communications platform in one of the biggest technology deals of the year. In addition, Salesforce informed investors in December that it foresees a growth of 17 percent in the newly completed period. If this rate materializes, it will be the quarter in which the company grew the slowest in the last 11 years.

3. Best Buy

Electronics and technology chain Best Buy (NYSE: BBY) will announce its fourth quarter results before the market opens on Thursday, February 25. Analysts' expectation was that the company announced a profit of $ 3.45 per share, with revenue of $ 17.12 billion. Best Buy shares, which were strengthened by spending to improve homes in the US working from home, gained almost 30 percent last year. The stock closed its Friday with $ 118. Most of the revenue came from online orders, which nearly tripled in the US in the last quarter.     Source: Investing.com