In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
Nike stock: a gap down is in focus
Despite analysts’ optimistic anticipation of positive Nike’s earnings, the sneaker maker did not excite the market with its fourth-quarter results. Even the rise in online sales could not save the company amid the coronavirus pandemic. As a result, after the market close on Thursday we saw the following figures:
EPS= -0.51 (vs. 0.09 expected). Compared to the Q4 of the previous year, the indicator fell by 182%.
Revenue= $6.31 billion (vs. the forecast of 7.29). This data shows a fall of 38% compared to the fourth quarter of 2019.
In our analysis earlier this week, we highlighted bullish forecasts by several famous analytical companies. The most bearish projections were made by JPMorgan, which set the stock at $104 and Wells Fargo with a price target of $99. Now it seems like the second one demonstrated the most accurate information.
On Thursday, the stock strengthened to $101.44 as buyers were excited ahead of the report. Most likely, the stock will gap down after the opening of the New York trading session at 16:30 MT time. Pay attention to the $96 and $93 levels closely.
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
Three more corporations reported their earnings today. While the US session is still closed, let's see the data - it's pretty strong!
The greatest sale of Bitcoin keeps going.
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.