Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

3 Stocks To Watch In The Coming Week:, Chewy, CrowdStrike

By (Haris Anwar/ MarketsMay 29, 2022 08:01
3 Stocks To Watch In The Coming Week:, Chewy, CrowdStrike
By (Haris Anwar/   |  May 29, 2022 08:01
Saved. See Saved Items.
This article has already been saved in your Saved Items

During the upcoming, holiday-shortened week, US markets may still continue their rebound amid speculation that the Federal Reserve is 'past peak hawkishness,' thus might not be as aggressive in hiking interest rates as investors originally anticipated.

All three major indices scored big gains in the previous week, each rising higher than 6%. Both the S&P 500 and NASDAQ Composite broke a seven-week losing streak, while it had been eight weeks of losses for the Dow Jones Industrial Average.

Stock markets have been extremely volatile amid uncertainty over the Fed’s pace of policy reversal and its impact on the economy. After suffering major losses, some investors now feel that weakening data on housing and inflation might help the central bank to pause or slow the pace of tightening later this year.

During the coming trading week, when markets will be closed on Monday for the Memorial Day holiday, we’re focusing on the following three stocks:

1. (NYSE:CRM) will be reporting its fiscal 2023, first-quarter earnings on Tuesday, May 31 after the market closes. The company, which sells enterprise software and cloud-based services to corporate clients, is forecast to report $7.38 billion in revenue and $0.94 of earnings per share.

CRM Weekly TTM
CRM Weekly TTM

In March, the San Francisco-based company provided a strong forecast for quarterly and annual revenue as the leader in customer relations software further integrates Slack and expands its product line. Revenue for the full year will be as much as $32.1 billion, according to the company. 

Salesforce bought Slack, an instant messaging platform, for $27.7 billion last year as part of its push to increase the value and utility of its flagship software which lets businesses manage and interact with customers.

CRM shares, which closed on Friday at $165.10, have lost 35% of their value this year as investors rushed to sell high-growth players. 

2.  Chewy

The online pet-products retailer, Chewy (NYSE:CHWY), will report its latest quarterly earnings on Wednesday, June 1, before the market open. Analysts are predicting $0.10 a share loss on sales of $2.41 billion.


In the aftermath of the pandemic-driven boost to e-commerce sales—when customers sheltering in place stocked up on food and toys for pets—Chewy is facing a tough road ahead. The retailer gave a weaker revenue forecast in late March for the current year as it navigates through escalating costs and supply-chain disruptions that have led to more items being out of stock.

In a letter to shareholders, the company said: 

“We saw operating conditions in certain areas deteriorate as the quarter unfolded, particularly when Omicron’s mid-quarter arrival further disrupted already weakened supply chains across our industry.”

The stock has fallen 54% this year after more than doubling in the prior year. Shares closed on Friday at $27.11.

3. CrowdStrike Holdings

The cloud-based cybersecurity provider CrowdStrike Holdings (NASDAQ:CRWD) is scheduled to release its fiscal 2023, first quarter earnings on Thursday, June 2 after the market close. Analysts expect $0.23 a share profit on sales of $463.8 million.

CRWD Weekly TTm
CRWD Weekly TTm

Austin, Texas-based CloudStrike provides cloud workload and endpoint security, advanced threat intelligence, and cyberattack response services to global clients. The tech company has been one of the major beneficiaries of a surge in spending by global companies and governments to make their networks secure from hackers and attacks by adversaries.

Relationships with partners such as Amazon Web Services (NASDAQ:AMZN) are helping CrowdStrike increase revenue, which is poised to grow at three times the rate of the broader cybersecurity market through 2025, according to Bloomberg Intelligence. CRWD stock closed at $166.82 on Friday, after falling 18% this year.

3 Stocks To Watch In The Coming Week:, Chewy, CrowdStrike

Related Articles

Daniel Shvartsman
A Bear Market Shopping List By Daniel Shvartsman - Jun 25, 2022 3

Volatility has been the constant in the 2022 bear market. Wherever we go in the next 12-18 months, bargains are starting to emerge. Here are five stocks I think are positioned well...

3 Stocks To Watch In The Coming Week:, Chewy, CrowdStrike

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)
Christina Ortega
Christina Ortega May 30, 2022 9:09
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I thought you are so amazing
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
Our Apps
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
Sign up with Email