Stocks to watch next week: Nike, BlackBerry, Micron, Babcock and Bunzl
While market focus is likely to remain on geopolitical tensions and economic data in the coming week, investors will also be keeping an eye on earnings releases from companies across a range of sectors.
Investors will be looking at Nike's (NKE) latest results for any commentary on how tariff uncertainty is impacting the sportswear giant.
In the tech space, BlackBerry (BB) is due to report, with the company having warned of uncertainty going into the current financial year.
Chipmaker Micron (MU) is also set to release its latest earnings off the back of recently announcing increased investment in its US operations.
On the London market, the focus will be on Babcock International's (BAB.L) full-year results, with the company's shares having rallied this year on expectations of more government spending on defence.
Another FTSE 100 (^FTSE) stock in the spotlight will be distribution company Bunzl, which is due to update on trading, following a challenging start to its financial year.
Here's more on what to look out for:
Shares in Nike (NKE) are down 21% year-to-date, with the stock coming under pressure amid uncertainty over US president Donald Trump's tariffs.
The stock fell sharply following Trump's unveiling of sweeping duties on "Liberation Day" on 2 April, which included a 46% tariff rate on Vietnam, where approximately half of Nike's footwear was manufactured last year.
While Trump later announced a 90-day pause on many of these higher tariff rates, the US and Vietnam are still negotiating over a deal, with the delay on imposing "reciprocal" duties set to end on 9 July.
There are concerns that companies making products in countries impacted by higher tariffs will be forced to pass on cost increases to the consumer by raising prices.
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In May, Nike announced plans to raise prices on selected products from 1 June, but did not make reference to tariffs as the reason for increases. 'We regularly evaluate our business and make pricing adjustments as part of our seasonal planning,' Nike said in a statement.
The uncertainty over tariffs comes as the company seeks to improve performance, as it faces increased competition from newer rivals On (ONON) and Deckers' (DECK) Hoka.
Nike's revenue in the third quarter fell 9% year-to-year to $11.27bn (£8.34bn), though this was ahead of estimates of $11.03bn. Net income declined 32% to $794m and diluted earnings per share of $0.54 were down 30%.
Elliott Hill, who took over as Nike CEO in October, said that the progress the company had made against its "Win Now" turnaround plan in its first 90 days had reinforced his confidence that it was "on the right path".
"What's encouraging is Nike made an impact this quarter leading with sport — through athlete storytelling, performance products and big sport moments," he said.
Shares in BlackBerry tumbled after the release of its full-year results in early April, in which the Ontario-based technology company forecast a decline in revenue in the coming year.
BlackBerry said it expected total revenue for the 2026 fiscal year to be between $504m and $534m. That would be slightly weaker than the $534.9m in total revenue the company reported for the 2025 fiscal year.
'We see an uncertain backdrop within automotive, given the recent tariff changes, and particularly automotive tariffs,' BlackBerry chief financial officer Tim Foote told analysts on a post-earnings conference call.
Read more: UK borrowing rises in May, making tax hikes 'increasingly likely'
'We are currently uncertain of the impact this could have on our business," he said. "While we don't see that tariffs will directly impact our products and services, we do expect some indirect effects on BlackBerry due to impacts on our customers, including supply chains."
The company was once a major player in the smartphone market but transitioned to making software for vehicles and devices, and selling cybersecurity solutions to governments and corporate clients.
For the first quarter, BlackBerry guided to revenue of $107m to $115m, which would be down on the $144m the company reported for the same period last year.
Chipmaker Micron recently announced plans with the Trump administration to boost its investment in the US to $200bn, amid a broader drive of encouraging companies to onshore operations in America.
Of this amount, $150bn is set to be invested in domestic memory manufacturing, while $50bn will go towards research and development, which Micron said would create an estimated 90,000 jobs.
In the announcement, US secretary of commerce Howard Lutnick said: "President Trump has made it clear that the time to build in America is now."
Read more: Stocks that are trending today
"Micron's planned investment will ensure the US advances its lead across critical industries like AI, automotive, and aerospace & defense."
Micron CEO Sanjay Mehrotra said that the plans underscored the company's commitment to "driving innovation and strengthening the domestic semiconductor industry".
In terms of company performance, Micron (MU) beat expectations in the second quarter, with revenue of $8.05bn besting estimates of $7.91bn. Adjusted earnings of $1.56 per share also came in ahead of forecasts of $1.43.
For the third quarter, Micron has guided to revenue of $8.8bn, plus or minus $200m, while diluted earnings per share are expected to come in at $1.57, plus or minus $0.10.
Shares in FTSE 100 (^FTSE) company Babcock International (BAB.L) have surged 114% so far this year, buoyed by European politicians' pledges to spend more on defence.
The engineering company provides equipment and systems to the defence and energy industries, and is the second-biggest supplier to the UK's ministry of defence behind BAE Systems (BA.L), as well as holding contracts with NATO and countries worldwide.
"Given the UK's and NATO's plans to increase defence spending, and greater emphasis in many countries on nuclear power — where Babcock's Cavendish operation is a leader in support, maintenance and decommissioning — shareholders are latching on to the shares, which trade at a 10-year high," said AJ Bell's (AJB.L) investment experts Russ Mould, Danni Hewson and Dan Coatsworth.
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A trading update in April set the scene as to what to expect in the final full-year results, with Babcock having guided to revenue of £4.83bn ($6.51bn), which would be up 11% on an organic constant currency basis.
The company expects to report an underlying operating profit of £363m, which would be up 17% year-on-year.
In addition, Babcock said it had a contracted backlog of £10.1bn as of 31 March, up from $9.5bn at the half-year point.
"Babcock rejoined the dividend list last year, with a distribution of 5p a share, and analysts are looking for 7.2p this time around," said AJ Bell's investment experts.
For the coming year, they said that analysts expect 5% sales growth to £5bn, £383m in underlying operating profit for a 7.7% margin and broadly flat free cash flow, with an increase in the dividend to 9.1p a share.
Shares in Bunzl (BNZL.L) plunged in April after the distribution and services giant cut its guidance for the year, citing challenges in its North America business.
In a first quarter trading statement, Bunzl reported 2.6% revenue growth for the period but said adjusted operating profit was down "significantly" year-on-year.
The company, which distributes products to companies ranging from paper towels to personal protective equipment (PPE), said it was reducing its 2025 guidance "reflect the operational challenges faced by our largest business in North America, and the implications on the remainder of the year from a more challenging start for the group."
Read more: Why bitcoin and gold are rallying as bond yields hit 30-year highs
Bunzl said it now expects moderate revenue growth for the year, "driven by announced acquisitions and broadly flat underlying revenue". The company's group operating margin for the year is expected to be moderately below 8%, compared to 8.3% in 2024.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "Bunzl's reputation as a steady ship is under some serious pressure after a disappointing first quarter that was as much self-inflicted as due to a weakening market."
"North America, Bunzl's largest and most profitable market, is facing headwinds due to missteps in pricing strategy and broader market pressures," he said. "Markets are expecting to hear more in next week's trading statement about how Bunzl has resolved some of the pricing issues and the ongoing impact of tariffs."
"Bunzl has historically been able to benefit in times of rising prices, and investors are still cautiously optimistic that some more positive commentary is around the corner," added Britzman.
Monday 23 June
CML Microsystems (CML.L)
Naspers (NPN.JO)
Prosus (PRX.AS)
Tuesday 24 June
Accsys Technologies (AXS.AS)
Telecom Plus (TEP.L)
Intercede (IGP.L)
SThree (STEM.L)
FedEx (FDX)
Carnival (CCL.L)
Wednesday 25 June
ProCook (PROC.L)
Alimentation Couche-Tard (ATD.TO)
General Mills (GIS)
Thursday 26 June
Volex (VLX.L)
CakeBox (CBOX.L)
James Latham (LTHM.L)
Serco (SRP.L)
Inchcape (INCH.L)
Moonpig (MOON.L)
Friday 27 June
Various Eateries (VARE.L)
You can read Yahoo Finance's full calendar here.
Read more:
Looming petrol price increase could hit fragile consumer confidence
Bank of England holds interest rates at 4.25% amid inflation fears
Eurozone inflation falls below ECB target to 1.9%
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