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FTSE100, Wall Street, UK Stocks In Focus

Published 28/09/2016, 06:28
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Spreadex financial analyst Connor Campbell discusses macro outlook on FTSE100, Wall Street and micro outlook on UK stocks – Nike (NYSE:NKE), J Sainsbury (LON:SBRY), and Merlin Entertainments (LON:MERL).

Key quotes

FTSE100 - Clients buying around 6800, Algeria meeting and the resulting oil price action could influence the index

Wall Street – Focus on presidential debate now

Nike – Caught in a twist. Profits aren’t falling but revenues aren’t rising as fast as expected as well. Hasn’t released noteworthy product off while, stronger dollar is also an issue

Sainsbury – Given it has performed poorly over two quarter even the slightest of good news could trigger a rally

Merlin Entertainments – weaker pound and Staycations (rise in tourism) positive for the stock. Fall below 460 mark in run up to release on Thursday

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