Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

3 Stocks To Watch In The Coming Week:, Costco, Dell

By (Haris Anwar/ MarketsMay 24, 2020 02:43
3 Stocks To Watch In The Coming Week:, Costco, Dell
By (Haris Anwar/   |  May 24, 2020 02:43
Saved. See Saved Items.
This article has already been saved in your Saved Items

Optimism around a potential coronavirus vaccine and the reopening of the U.S. economy boosted the stock market to another winning week. On a weekly basis, the Dow climbed 3.3%, the S&P 500 advanced 3.2% and the NASDAQ Composite rose 3.4%. These positive catalysts are likely to provide an additional lift to the market, which at this point, is ignoring the rising U.S.-China tensions.

On Friday, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told NPR that Moderna's (NASDAQ:MRNA) vaccine data looked “promising,” and he remains “enthusiastic” about the economy reopening.

During the coming trading week, which is one day shorter due to the Memorial Day holiday on Monday, we’re focusing on the following three stocks:

1. (NYSE:CRM) will be reporting its fiscal 2021, first-quarter earnings on Thursday, May 28 after the market closes. The company, which sells enterprise software and cloud-based services to corporate clients, is forecast to report more than $4.86 billion in revenue and $0.69 of earnings per share.

CRM Weekly TTM
CRM Weekly TTM

One of the biggest drivers of future growth for Salesforce is the company’s acquisition of Tableau Software for $15.3 billion last year. The all-stock deal was Salesforce’s largest transaction ever, part of its move to expand into the business intelligence arena.

According to the company, the Tableau deal will boost sales and propel the software maker more deeply into competition with segment giants Microsoft Corporation (NASDAQ:MSFT) and Oracle (NYSE:ORCL), both of which offer business intelligence tools. shares are up more than 9% for the year, after recovering from the coronavirus-induced plunge. They closed on Friday at $177.85, gaining 1.48% on the day.

2. Costco

The retail sector will once again come under scrutiny on Thursday when Costco Wholesale (NASDAQ:COST) reports its fiscal 2020 third quarter results after the close. Analysts are expecting $2.71 a share in profit on sales of $49.97 billion.

Costco, along with Walmart (NYSE:WMT), has been one of the primary beneficiaries of pandemic-related consumer stockpiling in recent weeks as housebound shoppers scoop up toilet paper, cereal and other everyday essentials while sheltering in place.


For the 35 weeks ended May 3, Costco reported net sales of $107.64 billion, an increase of 7.8% from $99.89 billion during the similar period last year.

That gain shows the retailer continued to benefit from the coronavirus-induced demand for consumer goods despite the limited services or closures of entire departments. These limitations could still hurt earnings and future growth. Costco shares are up 3% for the year, closing at $302.43 on Friday.

3. Dell Technologies

Dell Technologies (NYSE:DELL) will also release its fiscal Q1 2021 results on Thursday, May 28, after the market close. Analysts expect $0.99 EPS on $20.66 billion in revenue.

Bloomberg reported last week that Dell will discontinue contributions to employees’ 401(k) retirement plans under a matching program, beginning June 1 due to the contracting economy and shrinking spending on information technology.


The Round Rock, Texas-based company hasn’t released results since February, so it’s unclear how high a toll the pandemic has taken on the hardware maker. Software maker VMware (NYSE:VMW), of which Dell owns more than 80%, also reportedly cut salaries, executive pay and 401(k) matches in response to the faltering global economy.

Shares of the information technology company are down 16% for the year. Dell closed on Friday at $43.07, down about 3%.

The company, which was already facing soft IT spending before COVID-19 hit the major economies this year, could further downgrade its sales forecast.

3 Stocks To Watch In The Coming Week:, Costco, Dell

Related Articles

3 Stocks To Watch In The Coming Week:, Costco, Dell

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with 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
  • 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.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. 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’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
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 (1)
Ed Crain
Ed Crain May 25, 2020 14:54
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Haris is getting paid by another publicly traded corporation today!👎🏻
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
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'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
Sign up with Email