24 September Watchlist 👀

 

Today we are watching…

1.  Manchester United (#manu)

This famous English football club may not be performing on the pitch, but an earnings beat this morning could change the game off it. Manchester United are in the entertainment business and are tasked with reporting quarterly financials just like any other company. Shares in sports teams on the stock market double up as merchandise fans, which is just as well. They often give investors no control over corporate decisions, on-pitch results, rogue injuries, or ridiculous player transfer fees. However, depending on your sporting affiliations, this one might make both a lucrative and gratifying short! Analysts tip the Red Devils to make a loss of $0.12 per share this quarter on $167 million in revenue.

2. Nike (#nike)

The Nike brand reaches all four corners of the world, which comes with both benefits and burdens! The athletics retailer finds most of its manufacturing and a good portion of its sales in China, a country showing cracks as the trade war rages on. Today is one of Nike’s quarterly earnings releases, and analysts expect $0.71 of profit per share on $10.45 billion in revenue. It will be a real endurance test for the company, but mind you, the management team knows what it’s doing. CEO Mark Parker has ordered a top-to-bottom revamp of Nike’s most affordable shoes, just in case consumers become get stingy. 

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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