Top stocks to watch this week: Tilray Brands, Nike, FactSet

The stock market will be on edge this week as investors continue focusing on the ongoing Iran war. This focus comes at a time when the Dow Jones, Nasdaq 100, and S&P 500 indices have plunged from their all-time highs. 

This article explores some of the top US stocks to watch this week, including companies like Nike (NKE), Tilray Brands (TLRY), and FactSet (FDS).

Nike stock is in focus as it releases its earnings 

Nike, a top company in the apparel and footwear industry, will be in the spotlight on Monday as the company publishes its financial results. 

These numbers come as the Nike stock price has tumbled to $51.3, its lowest level since April last year. It has slumped by over 35% from its highest point last year, costing billions of dollars.

The upcoming results are expected to show that its revenue slipped by 0.4% in the last quarter to over $11.2 billion, while earnings-per-share (EPS) fell from $0.54 to $0.28.

These results will provide more color on the company’s performance and the impact of the ongoing turnaround. The company aims to focus more on innovation, improve its focus on using the wholesale channel, cut costs, and changing its marketing strategies.

There are signs that Nike stock is still expensive despite the ongoing crash. It trades at a forward earnings of 33, higher than the sector median of 14. Its forward EV-to-EBITDA multiple of 21 is also higher than the sector median of 9.1.

NKE stock chart | Source: TradingView 

FactSet Research Systems (FDS)

FactSet is another top stock to watch this week as it also releases its numbers on Monday. FDS has tanked to $198, down by ~60% from its highest point in November 2024. Its market capitalization has dropped from $20 billion to $7 billion today.

FactSet stock has plunged as its revenue growth has largely stalled, with the last annual revenue rising to $2.3 billion from $2.2 billion a year earlier.

Analysts expect FactSet’s numbers to show the revenue will come in at $604 million, up by 6% on an annual basis. The guidance for the upcoming quarter will be $613 million, up by 4.76% YoY.

FactSet stock has also plunged because of the rising optimism that the company’s business will be disrupted by artificial intelligence tools, especially those developed by companies like Anthropic and OpenAI.

On the positive side, FactSet stock has become a bargain, with the forward price-to-earnings ratio of 11, much lower than the five-year average of 27.

FDS stock chart | Source: TradingView 

Tilray Brands (TLRY)

Tilray Brands stock price has been in a strong downward trend in the past few months, moving from a high of $23.23 in October last year to the current $6.32. 

The stock has plunged because of the ongoing delay in cannabis reclassification to a safer drug in the US. Its plunge has coincided with the ongoing retreat of other cannabis stocks, with the AdvisorShares Pure US Cannabis ETF (MSOS) falling from $7.2 in December to $3.28.

Tilray Brands will be in focus this week as it releases its financial results, which will provide information about its recent performance. Analysts will focus on the headline revenue growth and profitability. 

Also, the company will outline its strategy after the recent Brewdog acquisition and expansion into Australia. It will also offer details about its brewing partnership with Carlsberg Group.