Feb. 24, 2021, 4:10 p.m. EST

Best Stocks To Buy Tomorrow? 4 Reporting Earnings This Week

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Feb 24, 2021 (StockMarket.com via COMTEX) -- Are These The Best Stocks To Buy Before Earnings?

Is the stock market open on Presidents Day?If you are asking yourself this question this morning, you may be disappointed to find out that the stock market is indeed closed today (sorry). With the stock market closed today, it also gives us more time to prepare ourselves for another busy week ahead. You may have missed Bitcoin's recent rally while relaxing over the long weekend. The cryptocurrency surpassed $49,000 for the first time, before falling back to below $48,000. But with such swings, I may not be able to truly relax.

While most of the attention is also garnered around the Reddit investors since the breakout of GameStop ( NYSE: GME ) and AMC Entertainment Holdings ( NYSE: AMC ), we have seen a number of huge single stock rallies beyond Reddit's reach. You may also be enticed by the recent trend of buying high, selling higher. Well, not for me, I would still prefer to stick with buying low and selling high.

To say that I'm not influenced by the recent crazy trading activities would be a lie. That's especially when we continue to observe that certain short-squeeze stocks continue to bring massive gains (at least in the short term) to shareholders. The recent rally of Tilray ( NASDAQ: TLRY ) would be another prime example of a stock trading frenzy after GameStop. But we can still sift through the noise and pay attention to single stocks that actually hold potential. One will need to do more work to find opportunities among these stocks. Investors that are willing to put in the work might want to pay attention to these four earnings reports this week.

Top Stocks To Watch This Week

  1. Walmart ( NYSE: WMT )

  2. Baidu ( NASDAQ: BIDU )

  3. Roku ( NASDAQ: ROKU )

  4. Shopify ( NYSE: SHOP )

Walmart Inc.

First up, investors are expecting jaw-dropping numbers in Walmart's Thursday quarterly announcement that covers the Black Friday and the holiday shopping seasons. Judging from its recent reports by Walmart's rivals like Target Corp. ( NYSE: TGT ) and Amazon.com ( NASDAQ: AMZN ), it is not surprising why investors are feeling optimistic about Walmart's sales growth. When the company reports its earnings this Thursday, investors would most probably also be watching the numbers from Walmart+, which launched in September 2020.

So far, the company has yet to disclose any details on its new subscription service. But it's also not important to note that the COVID-19 costs may continue to eat up the retailer's profit margin.

Nevertheless, Walmart's omnichannel efforts are driving growth during this pandemic. We will see if this plays out later this week. Should the company be able to prove itself, investors may likely bid up WMT stock again. With all these in mind, will you be adding WMT stock to your watchlist this week?

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Baidu Inc.

Baidu may not exactly be an interesting stock to watch since the search engine giant has been struggling for growth. For the uninitiated, the company focuses on providing internet-related services and artificial intelligence (AI) products. In fact, it is one of the biggest AI and internet companies in the world. However, Baidu's investment in electric and autonomous vehicles has reignited investors' interest in BIDU stock.

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