Here are your stock selections for the week: June 28, 2021
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According to the Wall Street Journal, the stock market hasn’t been this calm since 2017. But after a chaotic year for the stock market, enjoy the peace while you can.
This week on Wall Street, the much-anticipated jobs statistics from the June US Jobs Report will be revealed. Krispy Kreme (ticker: DNUT) will also be public again.
The earnings season is almost over, but this week will again see reports from Walgreens Boots Alliance (Ticker: WBA), Micron (Ticker: MU) and General Mills (Ticker: GIS).
Are you looking for stocks to add to your portfolio? From sneakers to used car retailers to semiconductors, look no further than the following four stock picks.
Nike (ticker: NKE) has always been an icon in the sneaker world, but – perhaps since Air Force Ones became one of the biggest shoe trends of the last year – the company has seen a huge sales increase. Along with the pandemic favoring comfort clothing, the company has experienced strong growth.
The brand announced that the shares had reached a record high of 15.5%, after sportswear brand OG announced that its North American sales for the last quarter were $ 5.4 billion, for a total turnover of 12.3 billion dollars. He only looks from here, too, with the company predicting it will surpass $ 50 billion in revenue in this fiscal year for the first time in its history.
New York-based Progyny (ticker: PGNY), which manages fertility allowances for employees of large companies, has seen strong growth since its IPO in 2019. Progyny is the first fertility allowance company to enter on the stock market, and even got the big tech players on board, with clients like Google, Amazon, Facebook, and Microsoft.
The company has seen 40% growth so far in 2021 and 51% revenue growth in the first quarter, up $ 41 million from $ 81 million for the same quarter of Last year.
Applied Materials (ticker: AMAT) is a California-based company that supplies equipment for semiconductor chips. Semiconductors are in high demand and scarce, and with their use in everything from powering electric vehicles to computers and other everyday electronics, many companies in the industry are on their way to take advantage of it right now.
In May, Applied Materials posted its best sales and earnings growth in four years, beating analysts’ expectations. With the company providing critical engineering for the industry sought, the company reported that its technology has been used almost all new advanced chips and displays in the world.
The used car market has been on fire over the past year, with many choosing to travel by car as a socially remote form of transportation. Florida-based used car retailer AutoNation (ticker: AN) has seen its shares rise more than 160% since the same time around this time last year.
Its first-quarter profits were three times higher than the same period last year, a historic record for the company. Going forward, AutoNation has taken steps to expand its nationwide network and aims to sell 1 million vehicles per year.
Disclaimer: The Market Buzz contributor has no position in any of the stocks mentioned.
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