28.09.2022 12:47
Nike, Micron Technology, Paychex: interesting promotions of the current week
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Nike, Micron Technology, Paychex: interesting promotions of the current week We suggest paying attention to companies that are due to provide income statements in the coming days.So Nike Inc (NYSE: NKE)The sportswear giant is still struggling with logistics and tight restrictions due to COVID in China. We are waiting for the income statement for the 1st quarter of the fiscal year 2023 on Thursday, September 29, after the market closes. The company's analysts are optimistic as demand in North America and Europe remains strong. Preliminary calculations show potential earnings of $0.92 per share on sales of at least $12.3 billion.Actual targets when trying to grow should be looked for in the $136 zone; if you continue to fall - in the $ 82 zone. Micron Technology Inc (NASDAQ: MU)The company said that demand for its products is falling rapidly and earnings will fall short of previous forecasts. The report is also expected on Thursday after the market closes; sales will be less than forecast as customers reduce their inventory of unused chips. Preliminary earnings of $1.38 per share are expected on sales of $6.81 billion.The chances of growth are minimal, but with positive dynamics, the first target should be looked for in the $75-80 zone. Paychex Inc (NASDAQ: PAYX )Paychex results provide an insight into the health of small and medium-sized companies through payroll data. Small business workers continue to grow in income, with the average hourly wage up 5.18% in August, according to the latest report. The company's quarterly reports will be published on Wednesday, September 28, before the market opens. Earnings of $0.97 per share are expected on sales of $1.18 billion.When trying to grow, we will look for the first price in the $130 zone; the negative scenario has a smaller range as the price is already at technical lows. A fall below the $100 zone is unlikely.Profits to yall!
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