Nike earnings @ 4:15pm todayNike (NKE) earnings are today 12/20 at 4:15pm. Nike (NKE) reported Q1August 2021 earnings of $1.16 per share on revenue of $12.2B. The consensus earnings estimate was $1.12 per share on revenue of $12.5B. The company said during its conference call it expects Q2 revenue of approximately $10.96B to $11.24B. While the talking heads on TV are hyperventilating about the Turkish Lira in the FX market, supply chain concerns over Omicron, ECB & FOMC 2022 rate hikes & senate build back better gridlock, I will be looking for a long position in NKE this week. I think the biggest downside risk is what Nike says in it's conference call about supply chain concerns and how that may impact it's Q3 guidance. NKE has had an earnings beat the past five quarters in a row, so that's a positive trend.
Q2 November 2021 Consensus:
EPS = $.63
Revenue = $11.25B
P/E = 42.86
Div/yld = .682
52 week H = $179.10
52 week L = $125.44
Price levels 1 day chart:
EMA200 = $153.99
EMA150 = $158.14
EMA100 =$162.31
EMA50 =$166.22
breakout = $180.51
R3 = $177.12
R2 = $173.78
R1 = $170.43
pivot = $167.09
S1 = $163.75
S2 = $160.41
S3 = $157.07
breakdown = $153.73
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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