Three Major Stocks To Follow This Week

Three Major Stocks To Follow This Week

This week, some of the largest banks in the United States have announced their 2020 second quarter data, officially starting the new income period, and investors will focus their attention on these publications. Along with the uncertainty caused by the corona virus epidemic, it is expected that the revenue will drop 44% in the second quarter, after most companies fail to present a view in the first quarter data. According to the Refinitiv I / B / E / S data, this is thought to be the worst quarter performance since the Great Recession, in which the profit of the S&P 500 fell by 67% in the last quarter of 2008. But if companies can demonstrate that this global pandem has survived and there is an improvement in their sales, investors may perceive this as a sign that the worst has passed. With the beginning of the earning period, we have compiled for you three big shares from different sectors that can be closely monitored.

Netflix

Publisher giant Netflix Inc (NASDAQ: NFLX) will announce its second quarter earnings report on Thursday (July 16th) after the market close. Analysts expect that to be $ 1.82 per share, with sales revenue of $ 6.09 billion. Netflix shares performed very strongly during the COVID-19 pandemic, with investors hoping that things would recover as the company's share was the best share in the quarantine period. At the close of Friday, the S&P 500 fell more than 1% this year, while its Netflix stock gained almost 69% appreciation. The stock ended the day with an increase of 8% at $ 548.73.

JPMorgan Chase (NYSE: JPM)

Trade and investment bank JPMorgan Chase (NYSE: JPM), one of Wall Street's most important shares, plans to release its second quarter data on Tuesday, July 14, before the market opens. Analysts think the company will announce $ 1.19 per share, along with sales revenue of $ 30.4 billion. There is almost no segment in the banking sector that is not damaged by the global pandemic. With the unprecedented level of monetary incentives implemented by the FED's growth target, interest rates have reached zero as consumers have significantly reduced their spending, with consumer spending being the main driving force behind US economic growth over the past decade. JPMorgan stock, which completed the Friday trading day at $ 96.27, lost 32% this year.

Johnson & Johnson

Global health stock Johnson & Johnson (NYSE: JNJ) will post its second quarter revenue report on Thursday (July 16th) before the market opens. The stock has been under pressure for the last year due to the growing rise in legal disputes against the baby powder produced by the company and concerns that it will harm the company's income and future growth rate. But the corona virus pandemic has recovered the outlook for solid health stocks that have grown stronger as investors switched to secure dividend payments. JNJ's share, which closed Friday at $ 142.37, did not change significantly this year. The analysts' average expectation is that the pharmaceutical company will report a profit of $ 1.47 per share, with sales revenue of $ 17.5 billion. The company is also among the pharmaceutical manufacturers in the period of vaccine production under COVID-19.