New shoes and old knees will play bit parts in the week that lies ahead. Let's take a closer look.
If you wanted to be like Mike, you had to do it with Nike
Nike also has the added pressure of kicking off the latest week of earnings reports. OK, so maybe the company isn't exactly breaking out in a sweat. Back in March, the company posted a 36% surge in fiscal third-quarter profits, with sales inching higher. More importantly for those of us investing now is that at the time, the company was reporting a 9.6% uptick in future orders worldwide. That is likely to come into play in Monday's numbers. The top line should continue to move higher. As for everything else? We'll see what Nike has to say about that.
For years, investors in Apollo Group
But if you pull up a one-year chart, you will notice that the stock is actually trading lower today than it was last summer. That brings up the obvious question -- has Apollo landed? The company's ability to generate free cash flow has weakened through the first two fiscal quarters of 2005. As a result, the market hasn't been exactly thrilled to see a respectable 32% advance in conventional profitability over those six months. That's also why the educational specialist is going to have to show its math when it delivers its third-quarter homework on Tuesday. Investors won't settle for anything less than a passing grade.
Even if you don't own shares of software giant Oracle
Probably another good reason to tune in is that Larry Ellison is one of the more colorful CEOs out there. He's brash. He doesn't mince words. While Oracle isn't the biggest software company on the planet -- that honor belongs to Microsoft
Wounded knee? Maybe Biomet
From innovations in its core products to dabbling in new hot areas like artificial spinal discs and ceramic hip replacements, Biomet may be ready to grow the bottom line at a quicker pace than the already impressive 15% clip that it has achieved over the past decade. Yes, the company reports earnings on Thursday. Let's see whether Biomet can step up to the growth challenge.
Friday is not a trading holiday, but it will probably feel that way as traders head home to kick off the extended Fourth of July weekend. No notable companies will be talking about their financials, and that means no financial fireworks -- just the real fireworks being set off outside.
Want to learn more about the companies waiting to report earnings this week? Check out:
- Is Nike Hitting Its Prime?
- Houston: Apollo Has a Problem
- Predicting Oracle's Next Move
- Can Biomet Elbow the Competition?
Until next week, I remain,
Longtime Fool contributor Rick Munarriz thought that hip replacement surgery was the process of trying to become cooler than you used to be. He does not own shares in any of the companies mentioned in this story. The Fool has a disclosure policy. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.