As the markets continue to fluctuate, investors are always on the lookout for promising stocks to add to their portfolios. The following are some stocks that you should keep an eye on in the coming week. These picks are based on various factors including technical analysis, earnings reports, and market trends.
Tesla, Inc. (TSLA)
Tesla, Inc. (NASDAQ: TSLA) has been a dominant force in the electric vehicle (EV) market. The company is expected to release its second-quarter earnings report next week, which could provide valuable insights into its financial performance and future prospects. Investors will be closely watching for any updates on Tesla's production targets, especially for the highly anticipated Cybertruck.
Apple Inc. (AAPL)
Apple Inc. (NASDAQ: AAPL) remains a tech giant that continues to innovate and dominate various sectors, including consumer electronics and services. The tech giant is scheduled to release its third-quarter earnings report next week. Investors will be looking for any signs of growth in Apple's services business, as well as any updates on the new iPhone and Mac lineup.
Facebook Inc. (FB)
Facebook Inc. (NASDAQ: FB), now known as Meta Platforms, Inc., is expected to release its second-quarter earnings report next week. The social media giant has been facing various challenges, including privacy concerns and increased competition. Investors will be closely watching for any updates on Meta's revenue growth, user engagement, and efforts to diversify its advertising revenue.
Amazon.com, Inc. (AMZN)
Amazon.com, Inc. (NASDAQ: AMZN) is one of the most influential companies in the retail industry. The e-commerce giant is expected to release its second-quarter earnings report next week, providing investors with insights into its financial performance and strategic direction. Investors will be paying attention to Amazon's revenue growth, especially in the areas of cloud computing and digital services.
Nike, Inc. (NKE)
Nike, Inc. (NASDAQ: NKE) is a leader in the athletic footwear and apparel industry. The company is scheduled to release its fiscal fourth-quarter earnings report next week. Investors will be looking for any updates on Nike's sales growth, especially in the wake of the COVID-19 pandemic. The report will also provide insights into Nike's digital transformation and expansion into new markets.
Case Study: NVIDIA Corporation (NVDA)
NVIDIA Corporation (NASDAQ: NVDA) is a leading developer of graphics processing units (GPUs) and other hardware for the gaming, professional visualization, data center, and automotive markets. In April, NVIDIA reported a strong first-quarter earnings report, which resulted in a significant increase in its stock price. The company's success can be attributed to its strong performance in the gaming and data center sectors, as well as its aggressive expansion into new markets such as autonomous vehicles and artificial intelligence.
Conclusion
These are some of the stocks to watch in the upcoming week. As always, it is essential to conduct thorough research and consult with a financial advisor before making any investment decisions. Keep an eye on these companies and their respective earnings reports, as they could offer valuable insights into the market's direction.