Which 3 Shares Should You Watch This Week?

Which 3 Shares Should You Watch This Week? Which 3 shares should you watch this week? 3 key stocks to watch this week: FedEx, Nike and Pfizer. Last week, there was an active week due to the public offering of Airbnb (NASDAQ: ABNB) and DoorDash (NYSE: DASH) stocks. The Dow and S&P 500 fell 0.6 percent and 1 percent, respectively, recording their first loss in three weeks. NASDAQ lost 0.7 percent weekly. Last week has been a week full of uncertainties for both the US and Europe. While there is still no agreement on Brexit on the European front, uncertainties in the stimulus package in the USA have also confused. When Congress missed the time required to offer incentives, the Senate approved state funding. However, the level of satisfaction this amount will create is unknown. Amidst all this uncertainty, investors are also focused on final quarter results of some of the US's largest companies. The reports in question are curious as they can shed light on the change in behavior brought about by the coronavirus epidemic. In this sense, the 3 shares that should be followed this week are discussed as follows:  

1. FedEx

FedEx (NYSE: FDX), the world's leading delivery company, will announce its fiscal second quarter results for 2021 after the markets close on Thursday, December 17. Analysts estimate the company has an average revenue of $ 19.27 billion and a profit of $ 3.81 per share. FedEx's results, which will be reported 1 month before other US companies, are important in terms of the delivery industry being an indicator for the global economy. Current data published by the company proves that things have also made a leap forward due to the demand boom in the coronavirus epidemic. The fact that citizens who are closed to their homes due to coronavirus epidemic measures are forced to order, naturally increases the number of deliveries of the company. Brie Carere, the company's CMO, told Bloomberg News in September that FedEx expects the US market to reach 100 million packages per day by 2023, three years earlier than the previous forecast. Meanwhile, FedEx shares increased nearly 90 percent this year and closed Friday at $ 289.47. The company's recent messages can serve as hints about how long the uptrend will continue and whether this is a signal for a long-term trend.  

2. Nike

Nike (NYSE: NKE), one of the world's leading brands, will publish the 2021 financial second quarter results on Friday, December 18, after the markets close. Analysts estimate that the company will generate an average of $ 10.55 billion in sales revenue and a profit of $ 0.62 per share. Markets generally expect Nike to reopen its stores and release very strong data due to the rise of "direct to consumer" activities. Investors with these expectations put the shares of the company, which gained more than 35 percent this year, to the top last week. Nike shares finished Friday at $ 137.41. Thanks to the company's brand strength and digital strategy, Nike appears to be well-positioned for long-term growth. So much so that the company profited from the coronavirus epidemic that brought many industries to a halt. Despite the cancellation of the sports events, the company made a profit in its first fiscal quarter and reported much better than expected results.   3.Pfizer On Friday, Pfizer (NYSE: PFE), which received an emergency use permit from the US for the coronavirus vaccine it developed with its German partner BioNTech, may have a move this week. Buying the shares of companies developing vaccines against coronavirus this year made the investor happy. The US Food and Drug Administration's permission to use the vaccine developed by Pfizer and its German partner BioNTech (NASDAQ: BNTX) will soon start a mixed vaccination process in the country. It was said that the groups where vaccines will be administered first will be healthcare workers and elderly people living in care facilities.   Pfizer shares, which increased by 20 percent in the last 3 months, closed Friday at $ 41.12. The company's German partner, BioNTech, gained 94 percent in the same period.    

Source: Investing.com