Stocks in the market gained the previous week, as the S&P 500 and the Dow Jones Industrial Average rose about 0.25%. That left both indexes in positive territory, up more than 20% with just a few 2019’s trading days left. Moreover, earnings results will continue pulling investors’ attention this week. Moreover, in this article, we will look at the metrics that could send shares of CarMax, Nike and Winnebago moving over the following days.
Nike’s Holiday Outlook
Investors are also optimistic heading into Nike’s second-quarter report. The footwear giant kicked off its fiscal year in strong fashion in September. This became evident as profits and sales gains beat management’s targets.
Investors will be looking for signs that the growth stock still has momentum on its side in the United States and in China. Wins in both markets will help determine if the retailer can log its third straight year of accelerating growth.
Winnebago’s Market Share
Winnebago also posts its results on Friday. Investors have several reasons to expect good news from it this week. The company outperformed a slumping industry in fiscal 2019, showing surprising strength in the most recent quarter.
Investors will probably stack Winnebago’s results up against the rival Thor Industries to judge market share and broader industry trends. Winnebago is expected to sail past those challenges, with most investors who follow the stock predicting revenue will rise to $539 million.
CarMax’s Online Spending
Wall Street has pushed shares of CarMax higher, and that rally sets the stage for a potentially volatile week ahead. The used-car retailer is having far better returns than new-car manufacturers thanks to its positive track record of sales.
As car buying moves, online investors are excited about CarMax’s potential to use its national store network as a competitive advantage. But while this shift could begin seriously lifting results in the upcoming year, this week’s report will largely include costs from the digital roll out.