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Is Nike on a sprint or marathon?

Nike comes out with third quarter results after market close on Thursday. Serge Berger is looking to buy the stock, which has been on a steady rise.

Nike shares have risen more than 25% since March last year, and Serge Berger will be looking to buy either or a dip or a break-out depending on how the stock reacts to the earnings report.

Nike, known for its athletic shoes and clothes, is expected to report a rise in earnings per share to 85 US cents from 76 cents a year earlier. Reports suggest sales are expected to increase to USD 7.62 billion up from 6.97 billion.

Nike's results may be impacted by the strength of the US dollar, says Serge Berger, who will also be looking out for more news on Nike's smart wear range.

01:40 minutes
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