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3 Stocks To Watch In The Coming Week: Apple, Oracle, Zoom Video

By Investing.com (Haris Anwar/Investing.com)Stock MarketsSep 12, 2021 07:16AM ET
www.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-apple-oracle-zoom-video-200601624
3 Stocks To Watch In The Coming Week: Apple, Oracle, Zoom Video
By Investing.com (Haris Anwar/Investing.com)   |  Sep 12, 2021 07:16AM ET
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Equities wrapped another down week as investors remained concerned about the spreading COVID Delta variant and its impact on U.S. economic growth. 

For the past week, the Dow finished roughly 2.2% lower, its second negative week in a row. The S&P 500 was off about 1.7% for the week, while the NASDAQ Composite slumped 1.6%. The Delta variant surge appears to have peaked in Florida and other states, a Wall Street Journal report said, though cases and hospitalizations are still rising in Kentucky, North Carolina and parts of the Midwest. 

How quickly this variant gets under control, and how fast the economic recovery resumes, have significant implications for the performance of the US this fall and during the winter holiday season. Keeping this uncertain economic outlook in mind, we have put together a list of three stocks, below, which could dominate market activity this week. 

1. Oracle

Oracle (NYSE:ORCL) will release its fiscal 2022, first quarter earnings report on Monday, Sept. 13, after the market close. Analysts are projecting $0.97 a share profit on sales of $9.76 billion.

ORCL Weekly TTM
ORCL Weekly TTM

The Austin, Texas-based tech company's shares have strengthened this year, on improving demand for the tech giant’s cloud computing services, after years of stagnant sales. The stock closed on Friday at $89.68, up 38% this year.

No surprise, the business segment has boosted growth prospects as well, as the company focuses on cloud computing as an accelerator of revenue growth at the world’s second-largest software maker. 

ORCL plans to spend more on its cloud division as it tries to compete with other tech giants like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), both leading Oracle in this arena.

2. Apple 

Shares of Apple (NASDAQ:AAPL) may remain under pressure this coming week after a federal judge, on Friday, ordered the company to change the way it operates its App Store business after being accused of 'monopolistic' behavior.

AAPL Weekly TTM
AAPL Weekly TTM

The stock fell 3.3% after the ruling, its biggest decline since May 4, erasing about $85 billion from the iPhone maker’s market capitalization. Shares closed on Friday at $148.97.

A federal judge granted an injunction sought by Epic Games, maker of Fortnight, which would allow developers to steer consumers to outside payment methods for mobile apps. It also ordered the game maker to pay damages to Apple for breach of contract.

“The high-profile case highlights a broader concern about online platforms and digital commerce. Regulators and lawmakers in Washington, Brussels and beyond are seeking to rein in big tech companies,” the Wall Street Journal said in a report.

3. Zoom Video 

Zoom Video Communications (NASDAQ:ZM) will hold a briefing for financial analysts on Monday amid signs that the video-conferencing platform's pandemic era growth is coming to an end as schools and offices reopen.

ZM Weekly TTM
ZM Weekly TTM

Shares of the San Jose, California-based company are under pressure after management provided a sales forecast on Aug. 30 for the current quarter that fell short of some analysts’ estimates.

The stock closed on Friday at 301.50, down more than 10% for the year after having surged five-fold in 2020, when the use of its communication platform exploded in the midst of the pandemic. But that meteoric growth is slowing earlier than many analysts had forecast.

Zoom revenue rose 369% in the 2020 fiscal fourth quarter, 191% in the first quarter of 2021, and 54% in the three months that ended July 31. The company’s forecasts indicate sales may increase just 15% in the fiscal fourth quarter.

3 Stocks To Watch In The Coming Week: Apple, Oracle, Zoom Video
 

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3 Stocks To Watch In The Coming Week: Apple, Oracle, Zoom Video

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Comments (4)
Larry Langley
Larry Langley Sep 12, 2021 6:37PM ET
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almost every State has hospitals filled and you think people are going back to the office? The REITs, and big companies changed their minds last week on back to the office. None of the CEOs or data reflect back to normal.
Gary Chew
Gary Chew Sep 12, 2021 6:37PM ET
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in the San Francisco bay area, the hospitals are empty, and the parking lots have maybe 3 cars in them….San Francisco is a major meteopolitan area in a state with 39 million people
Cameron Anderson
Cameron Anderson Sep 12, 2021 6:37PM ET
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Jason Dillon
Jason Dillon Sep 12, 2021 1:23PM ET
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it's called "Fortnite"...
Scott Espeseth
Scott Espeseth Sep 12, 2021 1:20PM ET
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Apple's weekly chart shows a textbook bearish Twin Towers formation with a Negative RSI divergence on the Daily chart. Wait for RSI to become Oversold on the Daily chart to identify the Demand zone for a long position near the 200 dma. My zone assessment is 134.45-132.50sl
Miguel Massens
Miguel Massens Sep 12, 2021 1:20PM ET
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yiu are correct. 132.7 is the year 2020 close, Sept 2020 high...and a breakout in 2021 thst was not retested.
Charles Bonsu
Charles Bonsu Sep 12, 2021 1:01PM ET
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GDP: $900,450,320,120,900,800.00 EXPENDITURES: $50,000,000,000,000.00 EXPENDITURE CATEGORIES: Military 38%, Law and Order 41%, Administration 13%, Industry 4%, Healthcare 4% REVENUE: $400,000,000,000,000,000.00 INFLATION: 0.0%
 
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