On October 10 the next quarterly earnings unofficial gets started when Alcoa reports their latest quarterly results. However I believe Nike is probably a better gauge of how the global consumer is actually doing. Over the past several quarters Nike has warned us each time earnings have been released, that the consumer is not spending but is contracting their purchases.
Whether that is finally different this time we will find out on Tuesday after the market closes but all indications point to a lackluster consumer so I am expecting earnings to not meet expectations.
Nike stock announces its earnings on Tuesday Sep 27 after markets close. To take advantage of that earnings announcement here are the layouts of the trade I have setup, my outlook, the plan behind the trade and what I am expecting in the way of profit from using the trade ahead of earnings strategy.
Nike Stock (NKE) Trade Ahead Of Earnings Strategy – Sep 26 2016
There is plenty of time to put together a similar trade head of earnings as they are not released until Tuesday after the market closes.
FullyInformed Members can review the latest Nike Stock (NKE) trade alert through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of being a member.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.