3 Stocks To Watch Next Week
3 stocks to watch in the next week have been determined. Those 3 stocks were Netflix, Johnson & Johnson and IBM.
The market will focus on quarterly performances, with some giant US companies from different sectors presenting their 2021 second quarter results this week.
1-Netflix
Streaming platform
Netflix (NASDAQ:NFLX) will announce its second-quarter results on Tuesday, July 20, after the market close. Analysts had expected earnings of $3.1 per share on revenue of $7.32 billion.
After showing a strong recovery during the Covid-19 outbreak, Netflix stock tumbled a bit as subscriber growth slowed and competition intensified. The company reported in April that the net number of new members in the first quarter was 2 million less than its own estimate.
Netflix shares, which closed Friday at $ 530.31, fell 2 percent this year.
2- Johnson & Johnson
Global healthcare giant Johnson & Johnson (NYSE:JNJ) will report its second-quarter results on Wednesday, July 21, ahead of the market opening. Analysts' consensus estimate was for the company to post $2.29 earnings per share, with $22.5 billion in revenue.
The Covid-19 vaccine produced by J&J could not become widespread due to the interruption of use during the period when the regulators investigated the claims that dangerous blood clots were seen in some people to whom the vaccine was applied, together with the problems experienced in production. The pause was lifted on April 23 after 10 days.
Despite all these problems, J&J's core business still looks strong as the US economy reopens and hospitals resume non-essential operations post-pandemic. J&J shares, which have increased by 7 percent this year, closed Friday at $ 168.10.
3- IBM
International Business Machines (NYSE:IBM) will release its latest quarter figures after the market close on Monday, July 19th. Analysts' consensus estimate was that IBM posted a $2.32 per share profit for the quarter ended June 30, with revenue of $18.29 billion.
IBM reported revenue growth in April for the first time in 11 quarters, driven by demand for cloud services. IBM also reported that the revenues of Red Hat, which it acquired for $34 billion in 2019, rose 17 percent in the first quarter.
IBM stocks, which closed Friday at $138.90, gained 10 percent this year.
Source: Investing.com