JUMP REPORT
NIKE (NKE)
EARNINGS RELEASE - JUNE 25 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .09/share REV: 7,520/M
___________________________________________________________
LAST QTR: EPS: .59/share ACTUAL: .53/share (MISS)
____________________________________________________________
NEXT QTR: EPS: .66/share REV: 9,970/M
______________________________________________________
FULL YR: EPS: 2.18/Share REV: 38,450/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
__________________________________________________________________
BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 15.42, -2.7, 6.43
EXPECTED JUMP MOVE: 10%
——–
*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
The 2024 Paris Olympics will bring two weeks of contests between world class athletes. Comcast, DraftKings and Nike could benefit.
The footwear industry is garnering attention as companies like Skechers USA (SKX) and Deckers Outdoor (DECK) beat earnings expectations. Wedbush Securities senior equity research analyst specializing in apparel & footwear Tom Nikic joins Market Domination to provide insights into the current footwear landscape. Nikic observes that “the consumer has become more discerning” with the shrinking of pandemic-era savings, inflation’s rise, and declines in consumer confidence. As a result, shoppers are becoming more selective in their footwear choices, choosing brands that offer innovation while sidelining others. He highlights Deckers Brands subsidiary Hoka as an example. Nikic notes that the running shoe brand is “incredibly comfortable,” prioritizing feel over aesthetics. Initially deemed “an ugly shoe,” Hoka has found success by focusing on comfort rather than appearance. Nikic believes this strategy focusing on “what feels great” over what looks good, has propelled the brand’s popularity. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Fast fashion and recovery from pandemic upheaval has led to unexpected winners (Abercrombie & Fitch) and losers (Nike stock) in apparel.
Running shoe brand Hoka has been on a growth track for a decade. Its owner, Deckers, reported after Thursday’s market close that sales at Hoka surged 30% in the quarter ended June 30 compared with a year earlier. Deckers, which also owns boots maker Ugg and sandal brand Teva, saw companywide constant currency revenue grow 23%, which is better than the 20% increase analysts were penciling in.
Nike is one of the worst-performing stocks in the Dow Jones so far this year.
StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKETS CLOSE (3PM EST) for most events.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 7,965,562 Market Cap: 122.81B
Sector: Consumer Goods Short Interest: 1.32
Ticker delayed 20 minutes
NOTICE: All data on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.