3 Things to Watch in the Stock Market This Week
Stocks soared last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) bounced off their lows to gain roughly 6%. Investors became a bit less pessimistic ahead of the upcoming flood of Q2 earnings reports.
There are several consumer-facing companies set to make those announcements over the next few trading days. Let's look at a few metrics that should stand out in reports on the way from Nike (NYSE: NKE), McCormick (NYSE: MKC), and Constellation Brands (NYSE: STZ).
Investors have some big questions heading into Nike's fiscal fourth-quarter earnings release on Monday. The footwear giant disappointed Wall Street in its last outing, with revenue rising just 5%. But that sluggish increase was driven by mixed results in its different selling geographies. The U.S. market expanded at a solid 9% clip while China fell 5%. We'll learn this week whether Nike is getting a more balanced performance as COVID-19 lockdowns are lifted in China.
Source Fool.com
