Friday, December 8, 2023
HomeETF News3 Stocks To Watch In The Coming Week: Home Depot, Salesforce, Aurora...

3 Stocks To Watch In The Coming Week: Home Depot, Salesforce, Aurora Cannabis

After a powerful rally that sent major U.S. indices to new record highs last week, markets are entering a sensitive phase. The march higher could face a hurdle this coming week if the U.S. and China fail to provide some positive news on the trade front.

Xinhua, China’s state news service reported yesterday that the two countries had “constructive talks,” on Saturday. However, no agreement was finalized though the two sides, “agreed to maintain close communication.”

Beyond the macro risks, there are still some big earnings announcements ahead during the coming week, especially from a variety of large retail companies. We’re keeping a close eye on the following three stocks:

1. Home Depot

The hardware and household improvement chain, Home Depot (NYSE:HD), will be reporting third quarter earnings on Tuesday, Nov. 19, before the open. On average, analysts expect $2.52 a share profit on sales of $27.53 billion.

The world’s largest home improvement chain has pursued a variety of successful strategies during the past few years, to fuel growth and benefit from strong consumer spending. In the second quarter, however, Home Depot failed to impress investors when it lowered its sales forecast, warning that falling lumber prices—as well as the potential effects of tariffs on U.S. consumers—could weigh on growth.

Read more at :


Most Popular

Recent Comments