Nike Earnings, Mortgage Rates and Jobless Claims in Focus

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2▲0 ▼0Impact / 5
Summary · why it matters

Nike is set to report its first quarter earnings on Thursday amid low investor sentiment, with shares trading near their lowest level since 2014. Analysts will be watching China sales and progress on the company's turnaround as it competes with rivals in running and with Lululemon. Also on deck is weekly mortgage data from Freddie Mac, with the current average on the 30-year fixed sitting above 7% as borrowing costs remain high for potential home buyers. Finally, weekly initial jobless claims data will give a fresh look at the labor market, with economists forecasting claims to tick up to 200,000 ahead of Friday's full jobs report.

Impact on assets 3

Consumer Discretionary▲ · 2 stocks
Nike Inc
NKE
± MixedCapitalrelevance

Nike is set to report Q1 earnings Thursday with shares near 2014 lows; analysts watching China sales and turnaround progress.

Lululemon Athletica Inc.
LULU
± MixedCompetitionrelevance

Mentioned only as a rival Nike competes with in running; no Lululemon-specific development.

Financials▲ · 1 stocks
Freddie Mac
0IKZ
± MixedMonetaryrelevance

Freddie Mac's weekly mortgage data is due, with the 30-year fixed above 7% keeping borrowing costs high.

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