2017 hasn’t been a great year for sportswear stocks so far. Lululemon Athletica, Under Armour, and Columbia Sportswear have fallen 29%, 16.5%, and 4.7% year-to-date.
Nike is covered by a total of 35 analysts, who have collectively rated the stock a 2.2 on a scale of 1 (or “strong buy”) to 5 (or “sell”).
Nike, the largest sportswear manufacturer in the world, clocked total sales of $25.7 billion in the first nine months of fiscal 2017.
As discussed, Nike (NKE) will report its fiscal 4Q17 results on June 29, 2017. Its earnings during the quarter are expected to rise 2% YoY (year-over-year) to $0.50 per share.
Oregon-based Nike is slated to release its results for fiscal 4Q17 after the market closes on June 29, 2017. Its earnings per share are expected to rise 2% year-over-year.
Exelon (EXC) stock currently trading 3% and 5% above its 50-day and 200-day moving averages, respectively.
Exelon is currently trading at an EV-to-EBITDA multiple of 7.4x, as compared to its five-year historical average of ~8x and the industry average of ~10x.
Exelon (EXC) has a price target of $39.47, as compared to its current market price of $36.50, which implies an estimated upside of more than 8%.
AES Corporation (AES) stock has fallen ~5% in the past year and has underperformed peers (XLU) by a huge margin.
On June 23, 2017, AES stock was trading at an EV-to-EBITDA ratio of 8.2x, as compared to its five-year historical average of ~7.5x.
Analysts see upside potential of 12% in AES Corporation (AES) stock from its current levels.
FE is now trading at 1% and 6% discounts to its 50-day and 200-day moving averages, respectively.
FirstEnergy stock has been in a downtrend for several years—which could be why it’s trading at such a deep discount to its historical and industry averages.
FE has an estimated upside of 16%, with a price target of $33.53, as compared to its current market price of $28.91.
NRG Energy (NRG) stock is currently trading at a 5% and 17% premium to its 50-day and 200-day moving averages, respectively.
With a market capitalization $5.5 billion, NRG Energy (NRG) is the largest independent merchant power producer in the US.
NRG currently offers a ~21% upside from its current price level. According to Wall Street analysts’ estimates, NRG has a price target of $21.09.
So far in 2017, US utility stocks have rallied more than 10%, outperforming broader markets YTD. But analysts now expect flat or even negative price changes.
As of June 23, 2017, ~72% of Wall Street analysts covering ConocoPhillips (COP) have “strong buy” or “buy” recommendations on the stock.
As of June 23, 2017, ConocoPhillips (COP) had an implied volatility of ~24.91%, which is lower than COP’s implied volatility of ~35.22% for the week ending June 16.