Wall Street: What to Expect this Week from Nike (NYSE:NKE) and others
NFL effects the Nike (NYSE:NKE) figures and declining housing boom cuts short homebuilders expectations.
This article brings to you a quick update on where the shares stand in the ever changing market this week and what will be announced in the coming week; what’s causing the rise or decline of a certain share and how that affects the company and the overall market; the past trends of some particular companies and how they are responding to the minute by minute transforming environment.
Monday – AutoZone (NYSE:AZO)
AutoZone (NYSE:AZO) is the retailer of auto parts for over 5000 stores. If the economy is booming, it means there are more new cars on the road hence little maintenance required, but if the economy is tight drivers prefer not to buy new cars and maintain their old ones instead. AutoZone (NYSE:AZO) released its quarterly results and it appears it has become one of the larger players in the team.
Tuesday – Bed Bath & Beyond (NASDAQ:BBBY)
Bed Bath & Beyond (NASDAQ:BBBY), a retailer that was high in demand during the housing recovery period is now facing a few problems of its own; things have slowed down for the retailer. Last year’s earnings show the shares at $1.16, but this year they have rounded up to $1.14 per share only. Analysts believe it could have been worse.
Wednesday – Housing Demand at KB Home (NYSE:KBH)
KB Home (NYSE:KBH) was among the few names of the country’s largest real estate developers when the housing market saw major developments. KB Home (NYSE:KBH) saw its shares, not double but triple. The company’s track record shows building half a million houses in 57 years. Regardless of decrease in new houses and increased cancellations, it is still expected to perform well on the index.
Thursday – NFL and Nike (NYSE:NKE)
Nike (NYSE:NKE) will provide fresh figures on Thursday. It will be interesting to see the report due to the turbulent situation of the NFL – suspension of Minnesota Vikings after the Adrian Peterson case. But Nike (NYSE:NKE) knows how to handle the situation well by not just representing one athlete. The Thursday figures are expected to do well, despite the controversy caused by the NFL situation. Nike (NYSE:NKE) will be one of the to-watch players in the stock market this week.
Friday – Blackberry (NASDAQ:BBRY)
Blackberry (NASDAQ:BBRY) released its figures a week after the iPhone 6 hit the market. Coincidence or not, it’s still to be determined. Reports show quarterly losses and sliding revenue figures, altogether not really painting a pretty picture. Blackberry (NASDAQ:BBRY) has done a good job at controlling and reducing its costs but failed to make an impact, like it did in the past.
Blackberry (NASDAQ:BBRY), once dominated the market but now Androids and iPhones are in charge. There still stands a chance for Blackberry to make its come back if it makes a few smart moves and finds a few willing investors.