Another month is over and we invite you to take a look at the events that took place in March. Learn about the economic factors and check the financial market technical analysis to decide on your further steps.
Stocks
Nike
Nike has seen many issues over the past several months, from store closure in Europe to shipment delays in North America. Despite that, Nike’s online sales have continued to rise, resulting in higher third-quarter profits, which the company reported in March, even though the sales growth was hurt.
Following the report, Nike shares dropped around 10%, however as Nike’s e-commerce business is still on track and the company continues to invest in digital in order to reach younger customers online.
From a technical standpoint, Nike Inc. might be on a way to recover from the losses, with both RSI and EMA indicating a bullish reversal. However, further issues with shipments could cause Nike a further rollback.
McDonald’s
Since the beginning of March, McDonald’s is in a state of a strong uptrend, gaining 10% in the past month and currently trading at $228. The world’s most famous fast food chain is working on introducing new positions in its menu and continues to hold its high position on the food market.
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