Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

3 Stocks To Watch In The Coming Week: Oracle, Adobe, Kroger

By Investing.com (Haris Anwar/Investing.com)Stock MarketsJun 13, 2021 09:25AM ET
www.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-oracle-adobe-kroger-200585752
3 Stocks To Watch In The Coming Week: Oracle, Adobe, Kroger
By Investing.com (Haris Anwar/Investing.com)   |  Jun 13, 2021 09:25AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

While bulls continue to lead the markets forward, investor focus will likely shift to macro indicators, such as interest rates and inflation, as the Federal Reserve begins its two-day meeting this week.

Although the central bank is unlikely to make any moves on rates, it could provide some insights into how it sees the economic rebound progressing and whether the need to remove some monetary stimulus has indeed arrived.  

So far, stocks investors don’t see any danger to their favorable views on the market. The S&P 500 finished on Friday at a new high, posting a 0.4% gain for the week. Keeping this macro picture in mind, following are three stocks we'll be monitoring in the coming week.

1. Oracle

Oracle Corporation (NYSE:ORCL) will release its fiscal 2021, fourth-quarter earnings report on Tuesday, June 15, after the market close. Analysts are projecting $1.31 a share profit on sales of $11.02 billion.

The shares of the software company are surging this year on improving demand for the tech giant’s cloud computing services after years of stagnant sales. Its stock closed on Friday at $82.90 after climbing 28% this year, more than three times the return produced by the benchmark NASDAQ 100 Index.

Oracle Weekly TTM
Oracle Weekly TTM

Growth prospects are improving as the company focuses on cloud computing services in an effort to accelerate revenue growth at the world’s second-largest software maker. Customer interest in the firm’s internet-based applications has finally offset declining demand for its legacy tools.

2. Adobe Systems

Another stock that will come under investor scrutiny this coming week is Adobe Systems (NASDAQ:ADBE). The software manufacturer, whose product lineup includes Photoshop, will release its fiscal 2021, second quarter earnings on Thursday, June 17 after the close. Wall Street expects $2.81 EPS and $3.73 billion of revenue.

Adobe Weekly TTM
Adobe Weekly TTM

Adobe’s earnings during the pandemic showed that the software maker’s cloud-based creative tools are in great demand. Chief Executive Officer Shantanu Narayen has offered new creative software tools to clients to accelerate Adobe’s revenue growth. 

In March, the company raised its 2021 fiscal year revenue forecast to $15.45 billion from $15.15 billion and said sales in its main digital media segment would increase 22% after earlier projecting 19% growth. Adjusted earnings will be about $11.85 a share, an increase from $11.20 previously forecast.

The company introduced a version of its popular app—Illustrator—for Apple's (NASDAQ:AAPL) iPad, back in October, as part of an effort to expand its products' footprint to include more devices used by professionals and hobbyists.

Consumers of Document Cloud products—including Adobe Acrobat PDF and electronic signature software—have surged with millions working from home.  Adobe shares closed on Friday at $541.26 after rising 8% this year.

3. Kroger

Supermarket behemoth, Kroger Company (NYSE:KR) will report its Q1, 2021 earnings on Thursday before the market opens. Analysts are expecting $0.98 a share profit on sales of $39.56 billion.

Kroger's stock has gained 22% this year on the grocer’s surging sales and its participation in the U.S. vaccination campaign against COVID-19. The company is delivering millions of vaccinations to people nationwide, creating more repeat customers for its pharmacies and supermarket offerings. Kroger generated record sales of $132.5 billion in the year ended Jan. 30.

Kroger Weekly TTM
Kroger Weekly TTM

Kroger is betting that its in-store pharmacies and clinics can keep its supermarkets central to consumers’ lives even as the coronavirus recedes. Next week’s earnings could provide some insight to investors regarding the path it intends to take once the pandemic is contained.

“COVID has taught us that pharmacy is always really important and will be important as we go forward,” Rodney McMullen, Kroger’s chief executive, told WSJ.com in March.

3 Stocks To Watch In The Coming Week: Oracle, Adobe, Kroger
 

Related Articles

3 Stocks To Watch In The Coming Week: Oracle, Adobe, Kroger

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Mordcai Blau
Mordcai Blau Jun 13, 2021 1:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Appe and nvidia are by far the best stocks for the long run.
Nour Durra
Nour Durra Jun 13, 2021 12:19PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
AMC and GME also
Sheraz Boss
Sheraz Boss Jun 13, 2021 12:19PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hello
Miki Afik
Miki Afik Jun 13, 2021 12:19PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
AMC
Leon Kelly
Leon Kelly Jun 13, 2021 10:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Haris, Oracle is up over 50% for the year. even if they beat I expect them to tank just like MsFT did.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email