3 Stocks To Watch Next Week

The 3 stocks to watch next week are announced as follows: Disney, Twitter, Coca-Cola. Companies will publish earnings reports.

With the fast and decisive steps taken by President Biden on the incentive package in the USA, the Reddit rush ended, and investors focused on market normals. The Reddit craze that has swept the US stock market in recent weeks has apparently caused tech companies, who are the main big ones, to skip earnings reports. According to data compiled by Bloomberg, the technology sector is now ahead of all sectors in the S&P 500 index, and more than 95 percent of the companies in the industry have made profits above expectations. The 3 stocks to be examined below are important in terms of being large companies that will publish their income reports.

1.Disney

The Walt Disney Company (NYSE:DIS) will announce fiscal 2021 first quarter results after the market close on Thursday, February 11th. Analysts expected revenue of $ 15.89 billion and a loss of $ 0.33 per share. "The House of Mouse", which had to stop the activities of amusement parks, cruise ships and hotels during the coronavirus epidemic, suffered great losses. On the other hand, a good thing about the quarterly report to be released next week may be the number of subscribers of Disney +, the new streaming service that takes advantage of staying home. Shares of the company, which fell almost 40 percent in March, grew approximately 25 percent in the last year. This performance of the company proves the trust of the investors. The company's stock had completed Friday at the level of $ 181.16.

2.Twitter

Twitter (NYSE:TWTR), one of the social media platforms with the highest number of users, will announce the fourth quarter results next week. Analysts predicted a profit of $ 0.29 per share, with revenue of $ 1.18 billion in the report, which is expected to be released on Tuesday (February 9th). Compared to other social media platforms, considering that it is used extensively especially during election periods, Twitter seems to stand out among its competitors. In addition, the number of subscribers should increase in order for Twitter shares to maintain this rise. The stock, which closed Friday at $ 56.78, gained nearly 30 percent in the last three months and pleased its investors.

3. Coca-Cola

Coca-Cola (NYSE:KO), the world's leading soft drink producer, plans to announce its 2020 fourth quarter results before the market opening on Wednesday, February 10. Analysts' average forecast was $ 0.42 per share with sales revenue of $ 8.61 billion. The Atlanta-based company's sales undoubtedly experienced tremendous pressure during the epidemic. The company says they expect growth in China, although the closure of venues such as movie theaters and stadiums in many countries, as well as the food and beverage industry, will reduce the company's sales. Speaking to the Wall Street Journal, Coca-Cola CFO John Murphy stated that in China, consumers "mostly" returned to their pre-epidemic lives, but consumption outside the home has not yet reached the pre-epidemic level. Coca-Cola shares, which completed Friday at $ 49.65, lost nearly 16 percent last year.         Source: Investing.com