Today we are watching…
1. Dick’s Sporting Goods (#dks)
The leaders of Dick’s Sporting Goods will talk with investors today, the conversation set to be dominated by one thing; guns. Recent mass shootings in Ohio and Texas have turned up the heat on the retailer, which has a shareholder-base benefiting from its firearms sales. The company has tentatively backtracked on its ‘Hunt’ category, which offers rifles and other weaponry, but no complete pullout has been announced! In other news, the trade war continues to hamper apparel costs, but that could be offset by Dick’s push to be as strong online as it is offline. This quarter, Wall Street believes the company has made $1.21 in profit per share on $2.2 billion in revenue.
2. Salesforce.com (#salesf)
It’s safe to say that investors in Salesforce.com have had their heads in the clouds this year, with the stock routinely notching new all-time highs. In the last month, however, trade jitters have brought shareholders back down to Earth. The cloud computing firm might be affected in its earnings release today by a surprise power outage it suffered in May. If the financial damage knocks onto the stock, some in the market may use the temporary hiccup as an opportunity to buy low. After all, it’s a fundamentally sound software company which is enjoying a flourishing product portfolio amid rapid demand for its core business. That’s quite the proposition! Analysts expect the firm to make $0.47 in profit per share on $3.95 billion in revenues, and we’re watching this one very closely!