ββ#ForexChief #GameStop #Kroger #CVSHealth #nyse #nfp #SignifyHealth #forexnews #stocks #worldnews β
π₯ Three relevant papers of the current week
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π₯ We have an interesting trading week ahead of us as yet another strong NFP showed that the US economy is fairly resilient. After a summer rally, stocks again came under pressure from sellers.
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In the next two weeks, we invite you to pay attention to:
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GameStop (NYSE: GME)
The company is trying to diversify the business, but efforts to revive the video game retailer's stock have so far failed. Gamers are shifting en masse from buying game discs to digital software downloads.
Π‘ompany will publish a report before earnings for the 2nd quarter tomorrow, September 7, after the close of US stock exchanges. Analysts expect a loss of about $0.41 per share on sales of $1.27 billion. But we do not recommend selling these papers yet.
GME shares have already lost about 26% this year and now require at least a major technical correction. We consider the growth forecast of 95% ($110) over the course of 12 months to be too optimistic, but the price zone of $50-55 is quite realistic.
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Kroger (NYSE: KR)
The supermarket giant is suffering from abnormally high inflation as shoppers prefer cheaper brands. However,
Kroger's own-label sales rose 6.3% in the first quarter, and the company is very optimistic about increasing total sales by 2.5-3.5% next year.
Report must be published on Friday, September 9, before the market opens. Analysts expect earnings of $0.7954 per share and sales of $34.23 billion.
Now KR shares have lost about 23% from their April high, but growth to the $55-58 zone by the end of this year is quite real. The target for the first half of 2023 is $70-75.
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CVS Health (NYSE: CVS)
CVS stock has weathered the global market downturn and is down just 3% this year. Now the largest pharmacy chain intends to buy Signify Health (NYSE:SGFY), which specializes in home health care, for about $8 billion. Against this background, speculative interest in CVS Health papers is growing and the price zone of $117-127 is quite real.
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Profits to yβall!