Next week, the Bureau of Economic Analysis will release May's Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation. Multiple Federal Reserve leaders will speak throughout the week, including Fed governors Christopher Waller, Michelle Bowman, and Lisa Cook, and San Francisco Fed president Mary Daly. Companies such as Nike (NKE), Micron (MU), FedEx (FDX), General Mills (GIS), and BlackBerry (BB) will post earnings. President Joe Biden and former President Donald Trump will debate each other on June 27. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino
Oppenheimer has upgraded Nike (NKE) from Perform to Outperform and raised its price target from $110 to $120. Yahoo Finance's Brad Smith and Madison Mills report more on the bullish call and the retailer's outlook after struggling with weak consumer sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
After a week of firsts, Nike, FedEx and Micron Technology are leading the stock market through the last week to midyear.