Today we are watching…
1. Nike (#nike)
In 2020, the UEFA Euro’s will kick-off, and the Summer Olympic Games in Tokyo will go viral, prompting billions to dream of going pro themselves. Nike will sell the world’s most in-demand experience. With the help of unwinding Chinese tariffs, a legendary brand, and mass on-message marketing campaigns, Nike will let us all step into the running shoes, football boots, Jordan basketball shoes, or golf shoes of our heroes. After the closing bell today, markets will listen to Nike’s second-quarter earnings figures for mention of the year ahead. The company is shooting for an earnings-per-share of $0.58 on $10 billion in revenue.
2. Rite Aid (#rad)
Investors in this drug-store chain need some pain-relief, shares down 55% for the year with customers seemingly uninterested in retail pharmacies. In a few hours, Rite Aid will report earnings afresh and offer investors a blind pill. The company’s unpredictable profit-per-share figures could make matters even worse, or the stock could jump dramatically if the company’s fortunes look to have found a bottom. Rite Aid is investing in its digital channels and forging new partnerships with companies like Amazon. CEO John Standley resigned from his post recently, but analysts are cautiously optimistic about today’s revenue numbers. The company will aim to beat $0.03 in earnings per share on $5.43 billion in revenue.