Investing Updates: What to Expect in the Week Ahead (Earnings from Nike; JOLTS, PMI and Nonfarm Payrolls)

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https://www.moomoo.com/news/post/59068254/what-to-expect-in-the-week-ahead-earnings-from-nike?level=1&data_ticket=1758502671892302

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The week ahead brings a mix of corporate earnings and key U.S. economic data that could shape market sentiment. Sportswear giant Nike (NKE.US) is set to release Q3 results on September 30 after market close. The stock has rebounded 13.9% this quarter, outpacing its industry peers. Analysts forecast revenue of $10.98 billion, a 5% sequential decline, and EPS of $0.27, down 60% year-on-year. Nike has guided for mid-single-digit sales decreases, with consensus expecting a 7% drop. The company is also contending with $1 billion in additional structural costs from new tariffs. While management is pursuing production shifts and partnerships to mitigate the impact, gross margins could contract by about 75 basis points.

On the macro front, the September nonfarm payrolls report due Friday takes center stage. The release is seen as critical for the Federal Reserve’s policy outlook, as investors currently expect two rate cuts before the end of 2025. Forecasts are highly uncertain, ranging from a contraction of 20,000 to a gain of 100,000 jobs. The report could also face delays if lawmakers fail to avert a potential government shutdown on October 1.

Other major releases include the ISM Manufacturing PMI (Wednesday), expected to tick up to 49.1 from 48.7, and the ISM Services PMI (Friday), projected to remain at 52, indicating modest expansion. Regional Fed surveys suggest mixed signals, with softening demand but improving employment conditions.

Together, Nike’s earnings and a full slate of economic data—led by Friday’s payrolls—will guide market expectations on consumer demand, corporate resilience, and the Fed’s next moves.