Nike Rival Adidas, Williams-Sonoma, Ctrip: Investing Action Plan – Investor’s Business Daily

Here’s your Investing Action Plan for Wednesday: what you need to know as an investor for the day ahead.

X Adidas (ADDYY) (Nike’s (NKE) top global competitor), Williams-Sonoma (WSM), (CTRP), Yirendai (YRD) and Semtech (SMTC) are on tap to report quarterly earnings, while the Commerce Department is slated to release monthly retail sales data.


The athletic gear giant reports before the market opens.

Estimates: A swing to 5 cents in per-share profit vs. a prior-year loss of 3 cents. Revenue is expected to rise 19% to $6.02 billion.

Stock: U.S.-listed shares were up 0.4% at 106.21 in the stock market today, having breached their 50-day and 200-day lines in recent sessions. Nike was flat, while Under Armour (UAA) was down 2.4%.

The No. 2 sports apparel and footwear brand announced on Tuesday a multiyear share buyback program of up to 3 billion euros until 2021.

Cowen analyst John Kernan, noting that Adidas is popular with teens and millennials, said that Adidas’ progress in speed to market and manufacturing are accelerating.

The company’s partnership with 3D manufacturer Carbon, which is developing a Futurecraft 4D shoe, could eventually drive higher gross margin, inventory turns, free cash flow and ultimately return on invested capital, he wrote in a Tuesday note to clients.


After the close, look for earnings from the high-end home furnishings and decor retailer.

Estimates: Profit to grow 5% to $1.63 a share on 4% sales gains to $1.65 billion.

Stock: Shares rallied 1.6% to 52.91, retaking their 50-day moving average after struggling to finish each session above the key level for the last week or so. But the stock is working on a flat base with a 55.98 entry point.

In the furnishings space, Walmart (WMT) is “doubling down” on home decor, announcing a few weeks ago the debut of a new upscale-looking online shopping portal that includes, among other options, Ikea-style furniture.

The China-based travel agency releases Q4 results well into the evening at 8 p.m. ET.

Estimates: An 88% earnings slide to 2 cents a share on 32% revenue growth to $964 million.

Stock: Shares were off 1.1% at 48.52 and haven’t poked above their 200-day moving average since mid-October. And they’ve had trouble trading definitively above their 50-day.

IBD’s TAKE: For a look at other notable publicly traded companies based in China, keep checking our list of Best Chinese Stocks to Buy and Watch


The Chinese financial tech firm, which matches borrowers and investors on loan transactions, also reports Wednesday evening.

Estimates: A 3% EPS decline to 89 cents as sales grow 60% to $246.8 million.

Stock: Shares sold off 4.5% to 41.69 but remain above their 50-day line after hitting resistance at the key level all through February.


The chip designer reports after the market closes.

Estimates: A 4% profit bump to 26 cents a share on flat revenue growth at $140 million.

Stock: Shares dipped 0.4% to 34.85 and haven’t closed above their 50-day line since late January.

Retail Sales

Look for the Commerce Department numbers at 8:30 a.m. ET. Consensus is for a 0.4% gain for the month of February vs. the prior month. Excluding auto and gas sales, economists are expecting a 0.4% rise as well. That follows Tuesday’s report that core consumer prices, minus food and energy, notched up 0.2% in February.


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