US stocks have retreated in the past few months as concerns about Donald Trump’s tariffs continued. The Nasdaq 100 index has moved into a correction after falling by almost 12% from its highest point this year. Similarly, the Dow Jones and the S&P 500 indices have pulled back sharply.
These stocks reacted mildly to this week’s Federal Reserve interest rate decision. In it, the committee left interest rates unchanged between 4.25% and 4.50% and hinted that they would remain there for a while. Stocks jumped initially and then pulled back as investors waited for Friday’s options expiry.
Top US stocks to watch next week
The US earnings season has ended, with just a few companies expected to publish their financial results. Some of the most notable ones are Oklo (OKLO), Intuitive Machines (LUNR), GameStop (GME), Chewy (CHWY), and Walgreens Boots Alliance (WBA).
Oklo stock
Oklo, a company associated with Sam Altman, will be one of the top stocks to watch next week as it publishes its financial results. These results come as the Oklo stock price has crashed by over 53% from its highest point this year.
Oklo shares have dived as investors took profit following last year’s surge. At the time, the stock jumped from $5.53 to almost $60 as demand for modular reactor companies rose because of AI demand.
Oklo’s results will not show much since the company is still in development and has yet to start making money. Investors will react to its cash burn and potential order intake.
GameStop stock
GameStop, the most popular meme stock, will be in the spotlight as the company publishes its financial results on Tuesday. These numbers will likely show that the company’s business continued deteriorating as demand for physical games and consoles waned.
The average estimate is that GameStop’s revenue dropped by 17.6% in the fourth quarter to $1.48 billion. Its annual revenue will be $4.02 billion, followed by $3.75 billion next year.
With its business deteriorating, the company is said to be considering a Bitcoin strategy as we recommended a few months ago. Such a move would see it emulate MicroStrategy, which has become a juggernaut.
Intuitive Machines (LUNR)
The other top stock to watch will be Intuitive Machines, the embattled space company. LUNR stock price has crashed by over 70% after a recent failed mission. It has dropped to the lowest level since October last year.
While Intuitive Machine’s earnings will be important, investors will focus on its recent mission and how it will affect its business. The expectation is that LUNR made over $55.7 million in the fourth quarter, translating to an annual revenue of $228 million. It will then make $342 million next year, but the recent incident may hurt its performance.
Chewy (CHWY) stock
The other top stock to watch next week will be Chewy, a company that sells pet food in the United States. These numbers will come at a time when the Chewy stock price has crashed by about 20% amid growth concerns.
Analysts anticipate the results to show that the revenue rose by almost 13% to $3.2 billion. This will translate to an annual revenue figure of about $11.8 billion, a 5.93% annual growth. The average Chewy stock price forecast is $38.78, up from the current $32.3.
Lululemon (LULU)
Lululemon stock has crashed by almost 25% from its highest level this year as concerns about competition, growth, and Donald Trump’s tariffs. Therefore, analysts expect that the company’s sales will be $3.6 billion, a 11.8% increase from a year earlier.
Read more: Lululemon stock: valuation reset done, 20% gains possible
Walgreens Boots Alliance (WBA)
Meanwhile, Walgreens, the second-biggest pharmacy chain in the US, will be a top stock to watch next week as it releases its numbers. The data will show whether the company has returned to growth this year. Analysts anticipate the results to show that its revenue rose by 2.3% in the February quarter to $37.9 billion.
While these numbers are important, their impact on the stock will be limited as the company is being acquired by Sycamore Partners.
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