3 Stocks To Watch In The Next Week

3 stocks to watch in the next week have been determined. Those 3 stocks were Nike, FedEx and Paychex.

The three stocks, which will all release their quarterly results next week and should be followed closely, are as follows. 1- Nike Sportswear giant Nike (NYSE:NKE) will announce its fiscal 2021 fourth-quarter results after the market close on Thursday, June 24. Analysts' average expectation was $0.51 per share, with sales of $11.09 billion. After a strong rally after the pandemic-induced slump last year, Nike stocks are starting to come under pressure this year. Investors will look for new signals of an improvement in sales as economies reopen in the company's two largest markets, the US and China. It was stated that if Nike can show a strong improvement in its sales, the stock could end its current bearish trend. Nike shares, which fell 9 percent this year, closed Friday at $128.41. 2- FedEx FedEx (NYSE:FDX), the world's largest cargo delivery company, is another giant that is expected to announce its fiscal 2021 fourth quarter results after the market close on Thursday. Analysts' average expectation was for the company to post a profit of $4.98 per share, with sales of $21.47 billion. The company's latest results have proven that the company's business has taken off, thanks to increased demand due to the pandemic. At the same time, FedEx provided a bullish forecast for the am financial year. FedEx shares, which have appreciated approximately 10 percent this year, finished Friday at $285.32. 3- Paychex Investors will focus on the last quarter results of Paychex (NASDAQ:PAYX), which will be announced before the market opening on Friday, June 25th. The Rochester, New York-based payroll processing and human resources company is expected to report a profit of $0.67 per share, with sales of $980 million. The stock, which has risen nearly 9 percent this year, ended Friday at $102.02.         Source: Investing.com