Tuesday, June 30 brings key market-moving events including earnings from Nike and Constellation Brands, plus a fresh consumer confidence reading. Nike will report quarterly results with investors watching for signs of a turnaround, though analysts expect sales to decline by low single digits. Wall Street will also listen for commentary on Caitlyn Clark's first signature shoe as Nike aims to rebuild momentum in basketball and women's sports. Constellation Brands is also posting earnings, with net revenue expected to fall about 5% due to divestitures in its wine and spirits business, while beer sales may rise on shipment volume and pricing ahead of the World Cup. Meanwhile, economists forecast consumer confidence to increase in June from the prior month, offering insight into household sentiment on inflation and spending willingness.
Nike IncNike reports quarterly results; sales expected to decline, but investors watch for turnaround signs and commentary on Caitlyn Clark's shoe.
Constellation Brands Inc Class AConstellation Brands posts earnings; net revenue expected to fall ~5% due to divestitures, but beer sales may rise on World Cup-related shipments and pricing.