3 Stocks to Watch in the Next Week: Apple, Nike, Pacific Gas & Electric

3 Stocks to Watch in the Next Week: Apple, Nike, Pacific Gas & Electric

3 Stocks to Watch in the Next Week: Apple, Nike, Pacific Gas & Electric Since the outbreak in March, incentives by the United States government and the prospect of a "V" recovery have led to an unprecedented increase in the market. Investors are preparing for a new week of volatility. Despite this, the corona virus continues to spread, which raises doubts about rapid economic recovery. More than 30,000 new cases have been recorded in the United States, an increase of 1.6 percent yesterday, the biggest leap in the past three weeks. Florida broke a new record in the new cases. Since the bottom in March, the S&P 500 index has increased by more than 40 percent. In the past two weeks, the S&P 500 has returned to the horizontal trend and traded in early June.

APPLE

Apple (NASDAQ: AAPL) will be very important for investors next week. iPhone manufacturers start their development meetings every year. Third-party application developers have become an important part of the company's $ 46 billion in revenue-generating service activities, accounting for almost 18 percent of the company's total revenue for the previous fiscal year. Apple's stock price has shown an impressive recovery since the bottom on March 23. The stock rose more than 60 percent and closed the last Friday at $ 349.72, slightly lower than $ 356.56 on June 19.

NIKE

Nike (NYSE: NKE) will announce its fourth quarter financial 2020 revenue report after closing on Thursday (June 25th). The average expectation of analysts is that the sportswear giant will announce $ 7.45 billion sales revenue and $ 0.12 profit per share. In the last quarter, it was the first quarter that was subject to various restrictions in the U.S. and Europe, causing the company to close its store in Beaverton, Oregon, and drop sales. CEO John Donahoe said in late March that the company's e-commerce activity is still in "growth" mode, despite the shock caused by the corona virus epidemic. Donahoe said that when people had to leave home, they quickly returned to the digital app ecosystem and Nike's expert coaching network. Serious online sales prospects helped Nike's shares recover from the $ 60.58 bottom in March. The stock, which had increased 58 percent since March, ended Friday on $ 95.78.

PASIFIC GAS & ELECTRIC

After the final approval for the Pacific Natural Gas and Electricity Company (NYSE: PCG) bankruptcy plan serving northern and central California, the uncertainty about the future of the company disappeared. The court adopted the company's Chapter 11 plan, covering billions of dollars in damage caused by fires in 2017 and 2018. Chief Executive Officer Bill Johnson said yesterday: "PG&E is determined to make basic improvements from Chapter 11 and transform them into services that meet the highest standards of security, management and operation. Plan to get rid of bankruptcy protection in July. '' PG&E filed for bankruptcy in January 2019 as a result of identifying its faulty products behind the scenes of fires in northern California, causing more than 100 people to die, and where tens of thousands of houses burned. The stock ended Friday at $ 10.22 after falling more than 5 percent.