Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

3 Stocks To Watch In The Coming Week: Nike, FedEx, Paychex

By Investing.com (Haris Anwar/Investing.com)Stock MarketsJun 20, 2021 08:09
uk.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-nike-fedex-paychex-200482253
3 Stocks To Watch In The Coming Week: Nike, FedEx, Paychex
By Investing.com (Haris Anwar/Investing.com)   |  Jun 20, 2021 08:09
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Interest rates and inflation are once again becoming a key focal point in markets as the economic reopening and strong growth reduce the need for continued monetary easing.

In a surprising move, the Federal Reserve said last week that its policymakers have discussed tapering bond buying and they would at some point decide to begin the process of slowing the purchases. At the same time, Fed officials added two rate hikes to their 2023 forecast, where there were none previously.

That announcement accelerated selling in cyclical stocks, such as commodities. The Dow Jones Industrial Average dropped 533 points Friday to finish up its worst week since October. 

As these volatile market conditions prevail, here are three stocks we're following closely—all will be announcing their latest earnings in the days ahead:

1. Nike

Sportswear giant Nike (NYSE:NKE) will release its fiscal 2021 fourth quarter earnings on Thursday, June 24, after the market close. On average, analysts are expecting $0.51 a share profit on sales of $11.09 billion.

NKE Weekly TTM
NKE Weekly TTM

After a strong rally following the COVID-19 plunge last year, Nike shares are under pressure this year. Investors are waiting for further signs of a recovery in the company's sales as economies reopen in NKE’s two major markets—the U.S. and China.

If Nike is able to report a strong recovery in sales, the stock might break out of its bearish spell. Nike closed on Friday at $128.41, down 9% this year.

The company's strong brand, along with its digital strategy, have positioned the athletic footwear maker of Air Jordan sneakers, among other sports apparel, for long-term growth. The Beaverton, Oregon-based company, however, suffered some supply-chain issues this year that kept products from reaching North America, its biggest market.

Revenue in Europe was also disappointing in the quarter that ended in March, partly because many stores there remain shuttered due to the pandemic.

2. FedEx

The world’s largest parcel delivery service, FedEx (NYSE:FDX), is another mega cap company that will report its fiscal 2021, fourth quarter earnings after the market closes on Thursday. On average, analysts are expecting earnings per share of $4.98 on sales of $21.47 billion.

FDX Weekly TTM
FDX Weekly TTM

The freight carrier and logistics firm's earnings, which come almost a month earlier than the majority of U.S. companies, are closely watched. The delivery business is considered a proxy for the health of the global economy. The latest releases from the Memphis, Tennessee-based company show that its business is booming as it caters to accelerating, pandemic-fueled demand.

The company said in March that surging package volumes and pricing gains offset increased labor costs. It also provided a bullish forecast for the full fiscal year—the first guidance it has issued since suspending its outlook 12 months ago amid uncertainty about the COVID-19 pandemic.

FedEx shares have gained about 10% this year, closing at $285.32 on Friday.

3.  Paychex

Investors will also focus on the latest quarterly earnings from Paychex (NASDAQ:PAYX), scheduled to be released on Friday, June 25, ahead of the market open. The Rochester, New York-based payroll processing and human resources company is expected to report $0.67 a share profit on sales of $980 million.

PAYX Weekly TTM
PAYX Weekly TTM

Paychex results provide deep insight on the health of small and medium companies via its payroll data which includes 350,000 small business clients, their employment and wage trends as well as impacts by sector.

 “Client retention remains strong and at record levels, and our results for the third quarter show that our resilient business model has helped us navigate the uncertainties created by COVID-19,”  Martin Mucci, President and CEO said in the earnings statement in April.

The stock closed on Friday at $102.02, up about 9% for the year. It has recovered strongly from March 2020 when it plunged more than 40%.

3 Stocks To Watch In The Coming Week: Nike, FedEx, Paychex
 

Related Articles

3 Stocks To Watch In The Coming Week: Nike, FedEx, Paychex

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
ion dobinciuc
ion dobinciuc Jun 25, 2021 14:45
Saved. See Saved Items.
This comment has already been saved in your Saved Items
thanks for tips, Nike made me a lot of profit
Oc Masai
Oc Masai Jun 21, 2021 14:44
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks you Brother Haris. Terima kasih.
MD.Shabbir Ahamed Khan Pabel
MD.Shabbir Ahamed Khan Pabel Jun 21, 2021 1:40
Saved. See Saved Items.
This comment has already been saved in your Saved Items
nice
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email