3 Stocks To Watch In The Coming Week: Nike, FedEx, Tesla

in #money3 years ago

Bond market action is once again taking center stage as investors become more nervous about betting on growth stocks if yields should continue to rise in the week ahead.

Yields rose again on Friday after U.S. President Joseph Biden said all adults would be eligible for a vaccine by May 1, taking the U.S. economy closer to full reopening. The 10-year Treasury yield touched a high of 1.642%—its highest level in more than a year before settling just a bit lower.

That move also helped the Dow Jones Industrial Average to post a 4% gain for the week. The 30-component mega cap index finished Friday at a record 32,778 as investors favored value and cyclicals over growth stocks whose stretched valuations have become a reason for concern as interest rates edge higher.

The NASDAQ, home to big tech shares, also rose 3% in the past week, but it is down 5.5% over the last month. As these volatile market conditions prevail, here are three mega cap stocks which we're following closely—two of which will announce their latest earnings in the days ahead:

  1. NIKE
    Nike (NYSE:NKE) will release its fiscal 2021 third quarter earnings on Thursday, Mar. 18, after the market close. On average, analysts are expecting the sportswear giant to report $0.758 a share profit on sales of $11.03 billion.

NKE Weekly TTM

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