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The Week Ahead: What to Watch in Nike, FedEx Results

The Week Ahead: What to Watch in Nike, FedEx Results

Jeremy Glaser: Ahead of the holidays, we’re looking forward to a smattering of earnings releases and data.

Nike has been facing some headwinds in North America recently, but international and direct to consumer sales have helped pick up the slack. Analyst John Brick thinks the firm's strong brand will help reinvigorate North American growth and boost margins. The firm reports on Thursday.

Olive Garden parent Darden has been outpacing the rest of the casual dining industry recently as management retools the business. We'll see if that momentum continues on Tuesday.

Also reporting on Tuesday is FedEx. One of the big questions surrounding the shipper is what impact Amazon's continued push into fulfillment will have long term. Morningstar's Keith Schoonmaker thinks it is possible Amazon will take some volume but doesn't expect it to have a major impact.

Other earnings include Bed, Bath & Beyond, Blackberry, and General Mills.

Personal consumption data on Friday will be closely watched for a window in to the state of the consumer along with an update on inflation. Housing data, including starts and permits, plus existing and new home sales are due during the week. We're also be looking for the third estimate of third-quarter GDP, durable goods orders, and the University of Michigan consumer sentiment reading.

Stay tuned for our take on these stories.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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Stephen Ellis

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Stephen Ellis is an energy and utilities strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc., covering midstream companies. Ellis is a former member of Morningstar’s China Economic Committee, which provides research on the long-term outlook for the Chinese economy.

Before assuming his current role in 2017, he was director of equity research for financial services and a senior equity analyst. He is also a former editor of the Morningstar Opportunistic Investor newsletter and a former member of the Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic MoatTM and Moat TrendTM ratings issued by Morningstar.

Prior to joining Morningstar in 2007, he worked as a freelance analyst for The Motley Fool and spent three years working in project and financial analysis for Environmental Systems Research Institute (ESRI), a supplier of geographic information system software and geodatabase management applications.

He holds a bachelor’s degree in business administration and a master’s degree in business administration from the University of Redlands.

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