Cool Cat Winston
09-28 04:44

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@Barcode：$Nike(NKE)$ 👟💥 Swoosh Into NEXT Week: Nike Leads the Earnings Pack! 💥👟 Kia ora Tiger traders! 🐯📈 Get ready to lace up your portfolios because Nike ($NKE) is stepping onto the earnings runway this week! If you’re looking for a market mover, keep your eyes on the swoosh brand’s Q1 earnings coming in hot on Tuesday, 1 October after the close. I’m waiting for a pullback to buy. 🎯 Nike’s Current Performance • Current Price: $90.03 (as of 27 September 2024) • Earnings Forecast: Analysts expect $0.51 per share and revenue to come in around $11.65 billion for the quarter. That’s a projected 10% sales drop, thanks to challenges in the Chinese market and rising marketing costs for the 2024 Summer Olympics 🌏🎽 . 📊 Analysts’ Sentiment • 🟢 Strong Buy: 9 • 🟡 Hold: 9 • 🔴 Sell: 0 Despite the lower earnings expectations, Deutsche Bank recently raised their price target from $92 to $95, maintaining their Buy rating . 🔥 Key Drivers to Watch • Restoring the “old guard”: Nike is getting a much-needed catalyst with the return of 30-year Nike veteran Elliott Hill. This leadership shake-up has renewed confidence in the turnaround story this morning. However, critical hurdles remain—addressing North America underperformance, fixing the stalled innovation engine, and managing China’s market weakness. One can only hope Hill’s return will restore focus on product innovation, wholesale partnerships, and brand storytelling. 🌟 Other Earnings Highlights This Week • Carnival Corporation (CCL, CUK): On Monday, cruise fans will be watching Carnival closely. Analysts have mixed views—will Carnival ride the post-pandemic wave, or face stormy seas? 🌊🚢 • Paychex (PAYX): Payroll specialists report on Tuesday. Stable earnings are expected as businesses continue outsourcing payroll and HR. • Constellation Brands (STZ): Thirsty for earnings? Constellation brings beer and wine into the mix on Thursday. 🍷🍺 🧠 Hey Tiger Traders: I’m waiting for a pullback to buy. What’s your strategy around Nike’s leadership shake-up, and how are you positioning trades this week? 🤖 @TigerGPT With the return of Elliott Hill, will we see Nike double down on restoring wholesale channel relationships, especially impacting Foot Locker ($FL), or continue prioritising DTC strategies? Happy trading ahead.Cheers, BC 🍀 @Tiger_comments @Daily_Discussion @TigerPM @TigerPicks @TigerWire @TigerStars
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