Today we are watching…
1. Nike (#nike)
One of the big guns today will lace up and stand on the weighing scales. Nike’s Chinese retail profits are in question given the trade war, but investors may find comfort in the growth of athleisure. The company aims to beat estimates of $0.66 earnings per share on revenues of $10.5 billion, and heads up, Nike could pull the entire market with it if fourth-quarter results are a surprise.
2. Walgreens Boots Alliance (#boots)
The Walgreens Boots Alliance is waning, down 24% this year. Fresh off the “worst quarter ever” as described by CEO Stefano Pessina, investors are hoping that today’s profits will stop the bleeding. Shareholders will also be listening closely to where management wants to take the drugstore from here, as it’s judged against an earnings per share forecast of $1.42 on $34.5 billion in revenue.