NIKE (NKE)
EARNINGS RELEASE - JUNE 25 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .09/share REV: 7,520/M
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LAST QTR: EPS: .59/share ACTUAL: .53/share (MISS)
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NEXT QTR: EPS: .66/share REV: 9,970/M
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FULL YR: EPS: 2.18/Share REV: 38,450/M
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*These are the base metrics we will be watching against the actual release numbers
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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%
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*** 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
Buying a stock is easy, but purchasing the right stock without a proven strategy is incredibly hard. Here are the best Robinhood stocks to buy now.
The market paid no heed to reports that Nike (NYSE: NKE) might run out of sneakers because of rising COVID-19 cases in Vietnam, sending the footwear maker’s stock even higher. Everyone from Apple to Walmart relies heavily upon Vietnam for supplies, and with COVID-19 cases reaching record levels in the country, factories are shutting down to contain the spread. Data from Panjiva, the supply chain research unit of Standard & Poor’s Global Market Intelligence, revealed two of Nike’s Vietnamese sneaker suppliers shut down production due to the COVID-19 outbreak.
Neither Nike nor Adidas can claim what this stock has done recently. Crocs, Inc. (NASDAQ: CROX), the maker of the insanely popular foam clogs, has been a surprise pandemic winner. Its stock has increased a whopping 260% over the past year, trouncing its larger peers in the footwear industry.
We have narrowed down our search to five corporate giants that have seen positive earnings estimate revisions for 2021 within the last 7 days. These are: GM, NKE, MMC, ISRG and COF.
A sizable amount of put options remain in the open interest for Amazon, and option premiums are unusually high right now.
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Avg Daily Volume: 7,965,562 Market Cap: 122.81B
Sector: Consumer Goods Short Interest: 1.32
Ticker delayed 20 minutes
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by Team Stockjumpers