Athletic apparel and footwear company Nike Inc (NYSE:NKE) could highlight a recent brand partnership, the impactof tariffs and progress under a new CEO when the company reports third-quarter financial results after market close Thursday.

Here’s a look at analyst estimates for the quarter, what analysts are saying and key items to watch.

Earnings Estimates: Analysts expect Nike to report third-quarter revenue of $11.01 billion, down from $12.43 billion according to data from Benzinga Pro.

The company beat revenue estimates in the second quarter and has beaten analyst estimates for revenue in six of the last 10 quarters overall.

Analysts expect the company to report third-quarter earnings per share of 29 cents per share, down from 77 cents per share in last year’s third quarter.

The company has beaten analyst estimates for earnings per share in six straight quarters and nine of the last 10 quarters overall.

What Analysts Are Saying: Needham analyst Tom Nikic sees minimal near-term risk to Nike estimates.

While he maintained a Market Perform rating and sees a strong near-term outlook, caution is given for fiscal 2026.

“We’ve realized upon building out our FY26 quarterly estimates that it will be difficult for NKE to achieve our prior out-year estimates,” Nikic said.

The analyst lowered the price target from $84 to $80. “For 1H26, we expect another period of YoY decline in sales, margins, and EPS, followed by a return to growth in fiscal 2H26.”

Nike stock may have found a floor with the hope that new CEO Elliott Hill can “right the ship,” Nikic said, adding that the turnaround could take six months longer than originally thought.

Jefferies analyst Randal Konik upgraded Nike stock from Hold to Buy and called the company a “new top pick” last month.

The analyst put strong confidence in Hill and a turnaround strategy that could improve the company’s wholesale business and key partnerships, along with new product innovation.

Konik raised the price target on Nike stock from $75 to $115. He said the current valuation of Nike’s stock is the lowest its been in ten years, creating a potential “valuation floor” for shares.

“With shares near a valuation trough, we believe now is the right time to aggressively buy shares,” Konik said.

Read Also: Nike-Kim Kardashian Partnership Just ‘One of a Dozen’ Fixes The Brand Needs, Says Footwear Analyst

Key Items to Watch: Nike recently announced a new brand called NikeSKIMS developed in partnership with shapewear company SKIMS, which was co-founded by Kim Kardashian.

The company could comment on how quickly these products will launch and what initial reception has looked like for the collaboration.

Nike aired its first Super Bowl commercial in more than two decades earlier this year. The commercial focused on female athletes. This could be a key topic for areas of growth for Nike going forward.

China could also be a key topic during the earnings release and management commentary. Greater China sales were down around 8% year-over-year in the second quarter, tied for the worse performing geographic region with North America.

Analysts and investors will be looking to see if China sales recover.

Tariffs will also be a key topic centered on China and other markets with Nike importing goods made in countries at risk to see higher tariffs in the future. Management will likely provide initial comments on being prepared for the higher costs and likelihood of short-term pressure.

If commentary is worse and provides details on higher costs for consumers or pressure on profit margins, the stock could take a hit.

NKE Price Action: Nike stock is down 0.6% to $72.88 on Wednesday versus a 52-week trading range of $68.62 to $101.92. Nike stock is down 1.1% year-to-date in 2025, while shares have fallen over 27% in the last year.

Read Next:

• Bill Ackman’s Pershing Square Adjusts Portfolio, Trims Chipotle and Boosts Nike

Photo: Shutterstock

Micron Technology Inc (NASDAQ:MU) is scheduled to report its fiscal second-quarter earnings on Thursday.

While the company is likely to report its quarterly results broadly in-line with expectations, there is “some potential revenue upside, but some risk to margins,” according to RBC Capital Markets.

The Micron Technology Analyst: Analyst Matt Bryson reaffirmed an Outperform rating and price target of $125.

The Micron Technology Thesis: Softer DRAM and NAND pricing in the beginning of this year could push the company’s margins into the lower half of the fiscal second-quarter guidance range, Bryson said in the note.

Check out other analyst stock ratings.

Micron Technology had suggested that its sequential revenue growth in the fiscal third quarter may be boosted by improved shipment levels, with a rebound in client demand and normalization of customer inventory levels, the analyst stated.

He added, however, that the company expects this to cause a mix shift towards lower margin parts that could cause margins to contract by a “few hundred bps.”

“With our model already contemplating a 260 bps dip in GMs and a modest lift in revenues, we see some potential again MU is able to project revenue upside vs. our estimates, but also with more modest margins vs. our expectations,” Bryson further wrote.

Price Action: Shares of Micron Technology had risen by 0.38% to $102.10 at the time of publication on Wednesday.

Read More:

• Micron’s HBM3E and SOCAMM Products Boost AI Server Performance, Partnering with NVIDIA 

Image: Shutterstock

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	194.40	0.90	0.46	1.9K
(NYSE:XLK)	SPDR Select Sector Fund – Technology	213.06	0.91	0.42	27.6K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	96.01	0.10	0.10	564
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.07	0.04	0.08	174.8K
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	41.95	0.03	0.07	1.3K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	146.90	0.06	0.04	8.3K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	79.44	-0.31	-0.39	34.7K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	78.51	-0.14	-0.18	105
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	91.26	-0.08	-0.09	15.1K

Pulled from Benzinga Pro data this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

Jabil Inc. (NYSE:JBL) will release its second-quarter financial results, before the opening bell, on Thursday, March 20.

Analysts expect the company to report quarterly earnings at $1.83 per share, up from $1.68 per share in the year-ago period. Jabil projects quarterly revenue of $6.4 billion, compared to $6.77 billion a year earlier, according to data from Benzinga Pro.

On Feb. 24, Goldman Sachs analyst Mark Delaney maintained Jabil with a Buy and raised the price target from $160 to $179.

With the recent buzz around Jabil, some investors may be eyeing potential gains from the company’s dividends too. Currently, Jabil offers an annual dividend yield of 0.24%, a quarterly dividend amount of 8 cents per share (32 cents a year).

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $2,542,875 or around 18,750 shares. For a more modest $100 per month or $1,200 per year, you would need $508,575 or around 3,750 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend (32 cents in this case). So, $6,000 / $0.32 = 18,750 ($500 per month), and $1,200 / $0.32 = 3,750 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

Price Action: Shares of Jabil fell 2% to close at $135.62 on Tuesday.

Read More:

• Top 3 Materials Stocks Which Could Rescue Your Portfolio This Month

Image: Courtesy of Jabil

Five Below (NASDAQ:FIVE) could highlight strong 2024 holiday sales and the impact of potential tariffs when the discount retailer reports fourth-quarter financial results after market close Wednesday.

Here’s a look at the earnings estimates, analyst commentary and key items for investors to watch.

Earnings Estimates: Analysts expect Nvidia to report fourth-quarter revenue of $1.39 billion. That’s up from $1.34 billion in last year’s fourth quarter according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in two straight quarters and six of the last 10 quarters overall.

Analysts expect Nvidia to report fourth-quarter earnings per share of $3.38, down from $3.65 in last year’s fourth quarter. The company beat analyst estimates in the third quarter, while beating estimates in five of the last 10 quarters overall.

Company guidance calls for Q4 revenue in a range of $1.35 billion to $1.38 billion and earnings per share in a range of $3.15 to $3.33.

What Analysts Are Saying: Ahead of the report, Telsey analyst Joseph Feldman cut the price target, citing difficult macro and consumer spending trends, and a shorter holiday season.

The analyst maintained a Market Perform rating and lowered the price target from $115 to $85.

“In 2025, we expect Five Below to focus on back to basics after gravitating away from its core trendy, value-focused assortment in the past few years due to missteps in merchandising and operations,” Feldman said.

Five Below is focused on its core teen and pre-teen customers, the analyst says. The company is also “reducing SKUs to allow newness” to emphasize value of products and take advantage of emerging trends.

Lastly, the company lowered its new store target for 2025.

“We believe these are steps in the right direction and should help to revive the business,” Feldman said.

Feldman said some of the company’s changes could take time. The addition of a new CEO in December also remains a wildcard for the company’s forward strategic plan, the analyst added.

“Taking it all together, we are encouraged by the progress on the turnaround but wait to see improvement in sales and profits.”

Read Also: Walmart CEO Says Consumers Changing Spending Due To Inflation, Egg Prices: ‘The Money Runs Out Before The Month Is Gone … People Are Buying Smaller Pack Sizes’

Key Items to Watch: One of the largest items to watch when Five Below reports will be any commentary about tariffs.

Five Below gets a large amount of goods imported from China, which could make tariffs a contributing factor to lower profits or the need to pass on higher costs to consumers.

The discount retailer already shared that net sales during the 2024 holiday period were $1.19 billion from Nov. 3 through Jan. 4, up 8.7% year-over-year.

Data from Placer.ai showed visits to Five Below stores up 13.8% year-over-year in November. That’s up 3.3% year-over-year in December and up 14.5% year-over-year in January.

With most of November and December reported, January could be a key catalyst for the fourth-quarter results.

Five Below’s fourth quarter began on Nov. 3 and will include November, December and January.

The retailer’s financial results come shortly after results from discount retailers Dollar General (NYSE:DG) and Dollar Tree (NASDAQ:DLTR). Both of those retailers have stock that is down over 40% in the last year. Dollar General stock is positive by 7.6% year-to-date in 2025 with Dollar Tree stock down 14.8% year-to-date in 2025.

Price Action: Five stock is down 0.7% to $73.84 on Tuesday versus a 52-week trading range of $64.87 to $209.77. Five Below shares are down 25.5% year-to-date in 2025 and down 64.1% over the last year.

Read Next:

• Five Below Analyst Highlights Growth, Store Economics: ‘We Want To Be Bullish’

Image: Shutterstock

Dogecoin’s (CRYPTO: DOGE) price has decreased 3.59% over the past 24 hours to $0.16. This is contrary to the coins performance over the past week where it has experienced an up-trend of 4.0%, moving from $0.16 to its current price.

The chart below compares the price movement and volatility for Dogecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 61.0% over the past week while the circulating supply of the coin has risen 0.86%. This brings the circulating supply to 148.47 billion. According to our data, the current market cap ranking for DOGE is #9 at $24.49 billion.

Powered by CoinGecko API

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust (SPY)

SPY is currently trading near our key level of 565.38. For the bulls, we want to see buyers step in and push the price toward 566.46. If price action remains constructive above 566.46, we anticipate a move to 567.81. Should 567.81 be defended as support during the session, buyers may attempt to drive the price higher to 569.16. If momentum remains strong, our high bull target on the day is 569.98.

If 565.38 fails to hold as support, sellers will look to drive the auction down to 564.29. If bears maintain control, a further decline could bring 563.23 into focus. A break below this level would expose the next key support at 561.90. In the event of heavy downside pressure, our low bear target for the session stands at 560.83.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently auctioning near our key level of 479.03. For the bulls, we want to see strength above 479.03 to establish support. If this level holds, buyers could attempt a rally toward 481.73. Continued upside momentum would bring 483.95 into play. Should the bullish trend persist, we anticipate a test of 486.10, with the high bull target set at 487.69.

If 479.03 fails to act as support, the bears will aim to push the price lower to 476.85. If selling pressure builds, we expect a move down to 474.66. Further weakness could see 471.33 challenged as a key support zone. If sellers maintain dominance and break through this level, our low bear target for today is 469.27.

Apple Inc. (AAPL)

Apple is currently trading around our level of 212.44. For the bulls, we want to see this level hold as support and drive the price higher toward 214.07. If buyers continue to step in, we expect a further rally toward 215.25. Should momentum persist, the final upside objective for today stands at 216.70.

If 212.44 fails to hold as support, the bears will likely attempt to drive the price down to 211.12. If selling pressure continues, we anticipate a further drop to 209.81. Should bears retain control and momentum accelerates, a test of 208.81 is probable, with our low bear target for the session set at 207.93.

Microsoft Corp. (MSFT)

Microsoft is currently trading near our level of 386.09. For the bulls, we are looking for price action to hold steady above 386.09 and push toward 387.60. If buyers maintain strength, we anticipate further upside toward 388.53. Continued momentum could see Microsoft extend gains to our high bull target of 389.29.

If 386.09 does not hold as support, the bears will look to drive the auction lower to 385.42. A breakdown below this level could bring 384.57 into play. If weakness persists, a further decline toward 382.69 is likely. In an extended bearish session, our low bear target is set at 379.50.

NVIDIA Corporation (NVDA)

NVIDIA is currently auctioning near our level of 119.44. For the bulls, we want to see this level act as a springboard for a push toward 120.27. If buyers sustain strength, the next upside target is 121.97. A continuation of bullish momentum could bring NVIDIA to our high bull target of 123.41, with an extended rally possibly reaching 125.21.

If 119.44 fails as support, we expect sellers to push lower toward 117.86. Continued downside pressure could drive price action to 116.61. If bears maintain control and the session remains weak, a further drop to 115.83 is likely, with our low bear target for today resting at 115.15.

Alphabet Inc Class A (GOOGL)

Alphabet is currently trading around 163.79. For the bulls, we want to see this level hold as support and push higher toward 165.41. If buying momentum continues, a move to 167.04 is likely. If Alphabet remains strong, an extended rally could bring the price toward our high bull target.

If 163.79 fails to hold as support, we expect the bears to take control and drive the price lower to 161.79. If further selling pressure emerges, a breakdown to 160.36 is probable. In a weak session, the final downside objective for today stands at 158.54.

Meta Platforms Inc (NASDAQ:META)

Meta is currently trading around 604.50. For the bulls, we need to see this level hold as support and provide the strength needed for a move to 609.30. If buyers remain in control, we anticipate further upside toward 615.65. If momentum sustains, our high bull target for the session is 622.01.

If 604.50 fails to hold, sellers will likely push the price down to 598.17. If this level gives way, a further decline to 591.29 is expected. Should bearish momentum accelerate, our low bear target for the day is set at 585.73.

Tesla Inc. (TSLA)

Tesla is currently auctioning around our key level of 233.49. For the bulls, we want to see this level hold and push the price toward 235.74. If buying momentum continues, a move toward 238.50 is likely. If the broader market supports bullish sentiment, we could see Tesla test 239.92, with our high bull target for the session at 242.49.

If 233.49 cannot hold, we anticipate sellers pushing the price down to 230.65. If selling pressure increases, the next key level to watch is 228.45. Should the bears take full control, we expect Tesla to reach our low bear target at 226.53.

Final Word:

Today’s session kicks off with key Canadian CPI data for February at 8:30 AM ET, alongside Housing Starts, Building Permits, Import Price Index, and the New York Fed Services Business Activity report. At 9:15 AM ET, Industrial Production, Capacity Utilization, and Manufacturing Production figures for February will be released. Later in the session, the Treasury will hold a 52-Week Bill Auction at 11:30 AM ET, followed by a 20-Year Bond Auction at 1 PM ET.

With the FOMC rate decision looming tomorrow, market participants should be prepared for volatility. Price action may be choppy as traders position themselves ahead of the announcement. Expect erratic moves and quick reversals as liquidity shifts throughout the day. Stay focused, manage risk accordingly, and trade with discipline. Good luck!

The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.

Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it’s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.

For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: https://www.youtube.com/@MarketClubhouse.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	91.46	0.27	0.29	51.2K
(NYSE:XLB)	Materials Select Sector SPDR	87.31	0.25	0.28	3.8K
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	80.68	0.01	0.01	6.9K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	194.98	-2.03	-1.04	4.7K
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	41.81	-0.37	-0.88	9.2K
(NYSE:XLK)	SPDR Select Sector Fund – Technology	214.13	-1.30	-0.61	43.5K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	132.26	-0.68	-0.52	5.8K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	78.99	-0.21	-0.27	6.0K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	48.98	-0.11	-0.23	195.0K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	97.21	-0.06	-0.07	533
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	146.75	-0.02	-0.02	1.9K

Pulled from Benzinga Pro data the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

BP plc (NYSE:BP) is flashing strong technical signals, with bullish momentum building just as the stock approaches a Golden Cross — a classic indicator of potential upside.

The oil giant’s stock, at $33.39, sits above its five-day, 20-day, 50-day and 200-day simple moving averages.

Chart created using Benzinga Pro

BP Stock: Golden Cross In Sight

A golden cross occurs when the 50-day simple moving average moves above the 200-day simple moving average, often signaling a shift into sustained bullish territory. BP stock’s 50-day moving average of $32.21 is rapidly gaining on its 200-day average of $32.47. With buying pressure evident across multiple timeframes, the setup suggests that BP stock’s recent momentum could have more room to run.

While momentum indicators support the Golden Cross formation and bullishness, the oscillators indicator some weakness. BP stock’s Moving Average Convergence Divergence (MACD) sits at a negative 0.02 – a bearish signal, and the Relative Strength Index (RSI) stands at 58.21 – approaching overbought territory but still allowing room for additional gains.

Read Also: Oil Faces Supply Glut While LNG Demand Booms – JPMorgan Upgrades RRC, Sees Gas Prices Rising

What’s Fueling BP Stock’s Momentum?

Beyond the technical setup, BP’s latest move into offshore wind development could be a catalyst. The company recently announced a 50-50 joint venture with Jera Co. Inc., a Japanese utility giant, to fast-track offshore wind projects across Europe, Asia-Pacific, and the U.S.

With a projected net generating capacity of 13 gigawatts, the partnership positions BP as a key player in the global energy transition.

BP’s decision to explore selling its Castrol lubricants business, potentially fetching $10 billion, could further strengthen its balance sheet—a point of concern relative to its peers.

While recent earnings disappointed, with revenue missing estimates, investors may be betting on long-term strategic shifts rather than short-term setbacks.

Investor Takeaway

A golden cross would cement BP’s transition into a more sustained bullish phase. This offers an entry point for those eyeing technical breakouts.

However, with RSI approaching overbought territory, traders should watch for potential near-term pullbacks before a stronger move higher.

If BP successfully executes its wind energy strategy and shores up its financials, the stock could see extended gains beyond this bullish technical formation.

Read Next:

• 4 Analysts Assess US Energy: What You Need To Know

Image: Shutterstock

Nike Inc (NYSE:NKE) will report fiscal third-quarter results on Thursday, March 20.

Analysts already incorporated company challenges in the guidance. The results are likely to be broadly in line with expectations, according to Telsey Advisory Group.

The Nike Analyst: Analyst Cristina Fernández reaffirmed a Market Perform rating and price target of $80.

The Nike Thesis: Given lower demand for its products, a reduction in units of three key lifestyle franchises, and higher promotions to clear inventory, the company is likely to report a 12% decline in sales versus consensus of 11.3%, Fernández said in a note.

Check out other analyst stock ratings.

Gross margins are likely to have contracted to 41.5%, versus consensus of 41.8%, she added.

The analyst mentioned the key areas to watch during the earnings call:

• Progress on inventory reduction
• Impact of the shift in clearance activity from ecommerce to factory stores
• Magnitude of further reductions in lifestyle franchise units
• Pace of product innovation and potential for new products
• Retro products making a comeback to offset declines in other parts of the business
• The recently announced launch of the NikeSKIMS brand to broaden the reach for Nike in women’s apparel

While Nike will announce the initial guidance for fiscal 2026, it had indicated that reductions in lifestyle franchise units, a mix shift toward lower margin products, and steps to improve relationships with wholesale partners will have adverse impacts on both sales and profitability in fiscal 2026, she stated.

“We don’t expect a significant direct impact to Nike from tariffs given the majority of Nike products manufactured in China (15% of total) serve the Chinese market, with only a small portion of those imported into the US (both adidas and Under Armour have noted that only 3%-4% of the products made in China are sold in the US),” Fernández further wrote.

Price Action: Shares of Nike had risen by 2.09% to $73.12 at the time of publication on Monday.

Read More:

• Nike-Kim Kardashian Partnership Just ‘One of a Dozen’ Fixes The Brand Needs, Says Footwear Analyst

Image: Shutterstock