Check out FedEx, BlackBerry, and Nike this week

Investors have a few key companies to keep an eye on this week as they release their quarterly earnings reports. FedEx, for example, is set to report on Tuesday and recently announced a dividend increase to $1.45 per share, reflecting a 5.1% boost with a forward yield of 2.56%. Despite this positive news, expectations for strong results are low given the current downward trend of FDX stock, which hit a high of $313.84 in the past year.

On the other hand, Canada’s BlackBerry will also be unveiling its first-quarter earnings. In the previous quarter, the company provided a modest sales outlook of $107 million to $115 million, citing tariffs as a contributing factor to the anticipated shortfall. However, BlackBerry’s main focus is in the technology solutions sector, particularly in the automotive industry. There is optimism that sales of their QNX technology could surpass expectations.

Meanwhile, Nike has been facing challenges in the market, with its shares experiencing a significant decline in the past year leading up to its upcoming earnings report. The company faced setbacks when it decided to delay the launch of a new sub-brand, initially planning to release a Kim Kardashian line in the spring but potentially shifting to introduce the NikeSims product line later this year.

Nike’s struggles have been attributed to underperforming store and online sales, coupled with high product prices and a lack of innovation to entice customers. In the last quarter, the company reported a negative 7% growth rate, and its shares are currently trading at a forward P/E ratio of 28.03, which is considered a premium valuation for a company that has yet to demonstrate signs of a business turnaround.