NIKE Inc: on the eve of the quarterly report

By | September 23, 2015

Nike Inc. has prepared to announce quarterly financial results. Publication of the report is scheduled for September 24 after the close of trading. In anticipation of this event is traditionally increased stock volatility, which increases the overall turbulence in global stock markets.

The forecast is to receive the largest sportswear company $ 8.2 billion in revenue, which implies a 3% increase compared to the same quarter in 2014. It should be noted that the estimate of revenue deteriorated relative orientations of June, when the estimated annual dynamics at the level of 3.5%. At the same time, improved expectations for net income for the quarter from $ 1 billion to $ 1,04 billion . Thus, investors believe the increase in margins from 12.1% to 12.7%, indicating that improve business performance. As a result, it is assumed that in its series, Nike is a strong brand that will spur investors to buy its shares.

Previous reports Nike ahead of market forecasts, so keep a positive attitude in anticipation of the publication and the upcoming quarterly data. A positive factor for the stock also advocates increasing the eve of the company Telsey Advisory Group target shares from $ 122 to $ 128. The consensus target price Nike shares before the publication of the quarterly report is $ 122.5.

Stocks traded near all-time highs. The cost is in the range of the rising trend channel formed after the collapse of 24 August. On the daily chart the price kept rising above MA5 and MA13. There is increasing MACD. On the hourly chart there outset that gives the lower limit of the landmark entry, given the upward trend.

nike chart
Nike chart
Trading analytics
NIKE (NKE) – buy nike – Entry price: 115,5. Goal: 120,00. Stop loss: 112,5.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.

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