US stocks declined in recent months, as Donald Trump’s trade tariffs continued to be a concern. After falling almost 12% since its peak this year, the Nasdaq index is now in a correction. The Dow Jones, S&P 500 and other indices also have experienced a sharp pullback.
The Federal Reserve’s interest rate announcement this week was met with a mild reaction by these stocks. The committee indicated that interest rates would stay between 4.25% – 4.50% for some time. Investors were waiting for the expiry of Friday’s option contracts when stocks initially jumped.
Stocks to Watch in the US Next Week
Only a handful of companies are expected to release their US financial results. Oklo, Intuitive machines (LUNR), GameStop(GME), Chewy(CHWY), Walgreens Boots Alliance and Walgreens Boots Alliance are some of the notable companies.
Oklo stock
Oklo is a Sam Altman-associated company that will publish its financial results next week. The Oklo share price is down 53% since its peak this year.
Investors have taken profits after last year’s boom. The stock rose from $5.53 up to $60 at the time as AI-driven demand boosted demand for companies that produce modular reactors.
Oklo will have a modest amount of results, as the company has not yet begun to make money and is still developing. Investors are likely to react to the cash burn of Oklo and its potential order intake.
Stock GameStop
GameStop will come under the spotlight when it releases its financial results Tuesday. The numbers are likely to show that GameStop’s financial results will continue to decline as the demand for consoles and physical games has declined.
According to estimates, GameStop revenue fell 17.6% during the fourth quarter of 2012 and reached $1.48 Billion. The company’s revenue for the year will be $4.02 Billion, and then $3.75 Billion next year.
The company’s business is reportedly deteriorating and it has been reported that they are considering adopting a Bitcoin strategy , as we suggested a few month ago. It would be emulating MicroStrategy which is now a giant.
Intuitive Machines (LUNR)
Intuitive machines, the struggling space company will also be a stock worth watching. After a recent mission failure, the LUNR share price dropped by more than 70%. The stock price has fallen to its lowest point since last October.
Investors will pay attention to Intuitive Machine’s recent mission, and its impact on the business. Investors expect LUNR to make over $55.7 in the fourth-quarter, which would translate into an annual revenue $228. The company will make $342 millions next year. However, the incident that occurred recently may affect its performance.
Chewy (CHWY) stock
Chewy is another stock that will make headlines next week. It sells pet foods in the United States. The numbers are coming at a moment when Chewy’s stock has fallen by around 20% due to growth concerns.
Analysts expect the revenues to rise by nearly 13%, to $3.2 Billion. The annual revenue will be about $11.8 Billion, which is a growth of 5.93%. Chewy’s average stock forecast price is expected to rise from $32.3 up to $38.78.
Lululemon (LULU)
Lululemon’s stock price has fallen by nearly 25% since its peak this year due to concerns over competition, growth and Donald Trumps tariffs. Analysts expect the company to have sales of $3.6 billion in 2018, an increase of 11.8% from last year.
Read more: Lululemon stock: valuation reset done, 20% gains possible
Walgreens Boots Alliance
Walgreens will release its results next week. Data will reveal whether or not the company is growing this year. Analysts expect the company’s revenue to have increased by 2.3% to $37,9 billion in the quarter ending February.
Sycamore Partners is acquiring the company, so the impact of these figures on stock prices will be minimal.
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