- Apple Inc’s (NASDAQ: AAPL) planned launch of a new iPhone is drawing interest in the market. The stock had closed at US$148.97 on Sep 10.
- Zoom Video (NASDAQ: ZM) plans to upgrade its platform to stay in demand in the “scattered and dynamic work environments” after a roller coaster ride last year.
- Tesla, Inc. (NASDAQ: TSLA) delivered 201,250 vehicles in the second quarter of 2021. The EV maker’s stock price jumped 96% over the past year.
Although many stocks have been drawing investors’ interests, as evidenced by their high trading volume, here are five stocks to watch out for in the market this week.
Apple Inc. (NASDAQ: AAPL)
Apple is set to showcase its new iPhone model at its annual event this month. Apple sales have increased manifold after the launch of its 5G-enabled devices last year.
The stock gained around 34% over the past year.
The Cupertino, California-based technology company has been in the news lately. Last week, a federal court had asked the company to ease its payment rules for in-app purchases for customers. The stock fell after the ruling.
The company will be closely watched ahead of its new iPhone launch.
Apple has a market cap of US$2.6 trillion and a P/E of 29.32,
The stock closed at US$148.97 on Sep 10.
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Oracle Corporation (NYSE: ORCL)
It is a technology company based in Austin, Texas, and provides ERP solutions. It has a market cap of US$248 billion and a P/E of 19.45.
The company is expected to declare its Q1 results after the market hours on Monday. The company earned US$40.48 billion in revenue in FY ended May 31, 2021.
Its net income was US$13.75 billion in FY 2021.
In FY 2020, its revenue and net income were US$39.07 billion and US$10.14 million, respectively.
Last week, it announced free training and certification for Oracle Cloud Infrastructure (OCI) as part of efforts to reduce the skill gap in learners. It is also offering Oracle Autonomous database for free for a certain period.
The stock gained 56% in one year. It closed at US$89.68 on Sep 10, 2021.
Zoom Video Communications, Inc.
The company provides a video communication platform, and it is based in San Jose, California.
On Monday, it announced plans to upgrade its platform considering the “scattered and dynamic work environments”. The Zoom stock fell nearly 23% in one year.
For the quarter ended July 31, the revenue was US$1.02 billion and net income was US$317 million or US$1.04 per share diluted.
The company has a market capitalization of US$87.8 billion, and a P/E ratio of 89.32.
The stock closed at US$301.5 on Sep 10, 2021.
Tesla, Inc. (NASDAQ: TSLA)
The Tesla stock would also be on investors’ radar this week. This Palo Alto, California-based electric vehicle maker is the leader in the EV segment. However, the stock has been volatile of late.
Its market capitalization is US$727.6 billion, and P/E is 378.29. It earned US$11.96 billion in revenue and US$1.14 billion in net income in the June quarter of 2021.
The company delivered 201,250 vehicles in the second quarter of 2021.
The stock price has increased by 96% in one year and closed at US$736.27 on Sep 10.
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AMC Entertainment Holdings, Inc. (NYSE: AMC)
It is a movie and theatrical exhibition company with a global presence. The Leawood, Kansas-based company has a market capitalization of US$26.6 billion.
The stock had hit a high of US$62.55 in June, fuelled by trends on the RedditBet forum. The stock is rising again after retreating in August.
The meme stock caught the eye of investors after Disney Co’s announcement last week to release movies in the theatre first before releasing them online. It may have boosted sentiments for the AMC stock, which grew 803% in one year.
The stock closed at US$50.16 on Sep 10.
These stocks are likely to remain in investors’ limelight this week, although it may be for various reasons. However, investors must evaluate the companies carefully before investing in stocks.