3 Stocks You Should Watch Next Week

What are the 3 stocks you should watch next week? Stocks that should be watched next week are as follows: Zoom Video, Target and Costco.

Haris Anwar said that US investors should be ready for a volatile week as bond yields soar and inflation fears last week. The US 10-year Treasury bond yield, considered an important measure of interest rates on consumer loans, rose above 1.6 percent on Thursday for the first time in almost a year. All three of the leading stock indices lost on a weekly basis amid concerns that higher interest rates and inflation would lower stocks. The S&P 500 posted its second consecutive weekly loss, down 2.5 percent this week. The Dow with 30 shares fell 1.8 percent, while the NASDAQ fell 4.9 percent, the biggest.

1. Zoom Video

Zoom Video Communications (NASDAQ: ZM) will announce fiscal 2021 fourth quarter results after the market close on Monday, March 1. Analysts expect $ 0.81 in profit per share, with $ 910 million in sales revenue. The video-communication platform had a good year when training and work were carried out from home during the coronavirus epidemic. In November, Zoom announced that by the end of the quarter it had 433,700 customers with more than 10 employees and 1,289 of these companies contributed over $ 100,000 to the last 12 months of revenue. Zoom stocks, which closed Friday at $ 373.61, rose 241 percent over the past year. The stock fell more than 30 percent after peaking at $ 588 in October.

2. Target

Target (NYSE: TGT) will announce its fourth quarter results before the markets open on Tuesday, March 2. Analysts forecast a profit of $ 2.54 per share, with an average of $ 27.4 billion in sales revenue. It is stated that the company's comparative sales, including e-commerce, increased by 20.7 percent compared to the previous year, almost doubling analyst expectations. CEO Brian Cornell told analysts that Target has grown its market share as more consumers use the company's website and in-store pickup option. The company, which has grown in categories such as electronics, home decoration, clothing and food and beverage, has valued about 4 percent this year, after an 80 percent rise in 2020. The stock ended Friday with $ 183.44.

3. Costco Wholesale

Costco's (NASDAQ: COST) will announce fiscal 2021 second quarter results after the market close on Thursday, March 4th. Analysts forecast the company to post a profit of $ 2.44 per share, with sales revenue of $ 43.72 billion. With Target, Costco became one of the profitable companies from this period, as consumers chose to stockpile toilet paper, food and other basic supplies due to the coronavirus epidemic. Shares closed Friday with $ 331 after a nearly 1 percent drop.         Source: Investing.com