The third week in a row, American stocks have risen as attention has shifted from micro events to macro ones. Federal Reserve minutes were published on Wednesday, while Jerome Powell is scheduled to speak at the Jackson Hole Symposium in Wyoming on Friday.
Several important companies, such as Palo Alto Networks (PAN), Lowe’s (Lowe’s), TJX Inc., Intuit and Workday, released their results for the quarter.
Next week, we can expect to see more results published by companies. Nvidia, the third largest company in terms of market capitalization, is the company to keep an eye on when its results are released next Wednesday. Watch out for these top stocks next week.
Lululemon Athletica | LULU
Lululemon Athletica’s stock price is in the spotlight as it announces its results Thursday. The company will release these numbers at a moment when its growth is slowing and the stock price has fallen by over 48% since its high of this year.
Lululemon faces major competition as companies such as Gap, Nike Adidas and On Holding. The company has limited room for expansion, particularly in China where its presence is in cities such as Beijing, Shanghai Guangzhou and Shenzhen.
Analysts predict that its revenues will be around $2.41 billion, and earnings per share at $2.94.
Lululemon’s stock is in a downward spiral; the situation could worsen
BOX
Box has long been an uninteresting stock. Box has only risen 9.9% in this year, and dropped by more than 6.6% over the past 12 months.
Box has turned a profit after its revenue grew from 696 million dollars in 2019 to more than $1.03 billion the previous year. Investors are likely to be the reason behind its poor performance because they don’t expect the storage sector to continue growing.
Box is scheduled to release its financial results Tuesday. Analysts anticipate that Box’s revenue will have risen to $269 millions in Q2, while the EPS should be up 15% at $0.40.
AFRM
Affirm will be in the spotlight when it announces its results Wednesday. Affirm is a leader in the Buy Now Pay Later industry.
It is predicted that its growth in revenue will have increased by 35% to 603 million dollars, as it did before. Analysts expect the company to reduce its losses from Q2’23, which were 69 cents a share to 51 cents.
The company’s stock price, which is down by nearly 40% in the last year, may be boosted with these results.
Goldman Sachs predicts an Affirm share price increase of 40%
MDB
MongoDB’s stock has fallen by nearly 40% in the past year, as investors continue to be concerned about its future growth. The biggest one-day drop occurred on May 30, when the company published poor financial results.
The company is likely to use its upcoming Thursday results in order to change the story about the business.
Analysts still have low expectations for the stock. It is estimated that earnings per share have dropped by 49 cents from Q2’23. Analysts expect the revenue will be $464 million.
Salesforce | CRM
Salesforce has not had a good year this year after a stellar year in 2023. Salesforce’s stock is down over 18% since its peak this year. It has fallen by 1.79 %. This decline was largely due to a 20% drop in earnings that occurred at the end of May.
Salesforce reported a revenue increase of $9.33 Billion from $8.24 Billion in the same time period in 2023. The company also released a weak forecast as it’s artificial intelligence efforts failed.
Salesforce is expected to release its financial results on Wednesday. Analysts expect revenue of $9.22 billion, and earnings per share to be around $2.36.
OKTA
Okta is a security solution provider that has seen its stock rise by 7.2% in the past year. The company is still 15.25% under the high point of 2023, as its growth trajectory continues to be questioned.
Analysts expect the company to have a revenue of $632 million, and earnings per share will rise to $0.61. Its revenue is expected to be $2.54billion for the entire year. This represents a 13.2% rise from 2023.
Watch out for these other stocks
Next week, more companies will release their financial reports including:
Tuesday: PDD Holdings (BHP Group), HEICO (Heico Group), Trip.com and Ubiquiti.
PDD Holdings Stock Forecast: Buy or Sell?
Tuesday: AutoZone, SentinelOne, PVH, Nordstrom, Ambarella
SentinelOne’s stock has formed a golden cross in advance of its earnings report on August 27.
Tuesday : Nvidia (CrowdStrike), AutoDesk (Veeva Systems), HP, Veeva Systems (Li Auto), Nutanix, Abercrombie & Fitch, Bath & Body Works, Chewy, Prudential, Nutanix, Nutanix, Li Auto, Nutanix, Abercrombie & Fitch, Bath & Body Works, Bath &
The SMH ETF, the SOXX ETF, the NVDX and XLK are preparing for an important event on August 28.
The CrowdStrike Stock could experience elevated volatility on August 28
Friday: Marvel Technology (Dollar General), Brown-Forman (Best Buy), Ulta Beauty and The Gap.
Friday : Miniso Ascendis Pharma Brady Corporation AMTD
Stocks to Watch Next Week: LULU BOX MDB CRM OKTA
