Nike, Inc., (NKE): Founded in 1964, headquartered in Beaverton, Oregon, Nike, Inc., designs, develops, and markets footwear, apparel, equipment and accessory products worldwide.
Market is expecting a profit of 71 cents a share for the quarter ended November 2009, a drop of 9 cents compared to its actual profit of 80 cents a share it posted in the same quarter a year ago. The company posted a profit of $0.99, $0.99, and $1.04 in the quarters ended February 2009, May 2009, and August 2009 respectively.
Shares are currently trading at $64.16 just under its 52 week high of $66.35 with an average volume of about 3.4 million shares per trading day. Nike is in my watch list for short term trading. Watch for earnings on Thursday December 17, 2009.
FedEx Corporation, (FDX): Founded in 1971, headquartered in Memphis, Tenessee, FedEx Corporation, provides transportation, e-commerce, and business services worldwide.
Market is expecting a profit of $1.05 for the quarter ended November 2009, a drop of 53 cents compared to its actual profit of $1.58 a share in the same quarter a year ago. The company posted a profit of $0.31, $0.64 and $0.58 in the quarters ended February 2009, May 2009, and August 2009 respectively.
Shares are currently trading at about $90.56 just under its 52 week high of $90.65 with an average volume of about 3 million shares per trading day. FedEx is in my Watch list for short term trading. Watch for earnings on Thursday December 17, 2009.
