Top stocks to watch out this week

Highlights

  • Zoominfo retained the No.1 position on the G2’s Fall 2021 Grid Reports on 26 grids.

  • Nike, Inc. (NYSE: NKE) has a P/E ratio of 43.14 and a forward P/E ratio of 36.38.

  • com, Inc. (NASDAQ: AMZN) has opened a fulfillment center in Fargo, North Dakota, with over one-million-square-foot area for over 1,000 full-time employees.

The following are the top stocks to watch out for this week.

ZoomInfo Technologies Inc. (NASDAQ: ZI)

It is a technology company that provides an intelligence platform for sales and marketing.

The go-to-market software and data provider company is based in Vancouver, Washington. ZoomInfo has retained No.1 position on the G2’s Fall 2021 Grid Reports on 26 grids.     

Its revenue was US$174 million for the June quarter this year compared to US$111 million in the same period the previous year. Its net income was US$9.3 million against a net loss of US$(34.4) million for the June quarter of 2020. With its constantly improving grid position and YoY financials, this company has been on investors’ radar.

Its market capitalization is US$25.7 billion, the P/E ratio is 285.57, and the forward P/E for one year is 188.47. The stock closed at US$67.85 on Sep 17.

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Nike, Inc. (NYSE: NKE)

It is one of the world’s largest and popular footwear and apparel brands based in Beaverton, Oregon. The company reported revenue of US$44.54 billion and net income of US$5.73 billion for the fiscal year ended May 31, 2021.

The company hopes to draw more customers and sales from the new products it launched recently. It is also hoping to boost its sales revenue from leisure-athletic products.

Its market capitalization is US$243 billion, the P/E ratio is 43.14, and the forward P/E one-year ratio is 36.38. The stock closed at US$156.42 on Sep 17, 2021.

Also Read: Top five mid-cap retail stocks with more than 100% YTD gain

Top stocks to watch this week: ZoomInfo Technologies, Nike, Amazon.com, Snowflake

Source – pixabay

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Amazon.com, Inc. (NASDAQ: AMZN)

On Monday, the e-commerce company opened its new fulfillment center in Fargo, North Dakota. The center has over a one-million-square-foot area, where more than 1,000 full-time employees will be working.

Its net sales were US$113 billion and net income was US$7.78 billion for the June quarter of 2021. Amazon saw solid growth during the pandemic.

The Seattle, Washington-based company has a market cap of US$1.7 trillion. Its P/E ratio and forward P/E one-year ratio are 58.13 and 66.36, respectively. The stock closed at US$3462.52 on Sep 17.

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Snowflake Inc. (NYSE: SNOW)

Snowflake is a data warehousing and data-sharing company based in San Mateo, California. It was founded in 2012. Today, as more companies scale up their operations, they want the company data to be organized to make fast decisions. As such, Snowflake is aiming to capitalize on this growing demand.

Its revenue and net income were US$272 million and US$190 million, respectively, for the quarter ended July 31, 2021. It has a market cap of US$92.8 billion. The stock closed at US$322.8 on Sep 17, 2021.

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Bottomline

Technology companies have seen notable gains in recent quarters. Analysts expect the technology sector to continue that growth momentum in the coming quarters. These brands have been in focus and are expected to draw investors' interests this week. Stock investments are fraught with risks. Hence, investors should carefully evaluate the companies before investing. 

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