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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Diversified Stocks to Buy Ahead of Earnings

8. Nike (NKE) makes athletic shoes and related products. It sells its products through retail outlets, owned stores and distributors. The company will announce second-quarter fiscal 2012 results on Dec. 20.

Net income for the quarter is estimated at $457.5 million, or 97 cents per share, compared to $457.00 million, or 94 cents per share, in the corresponding quarter last year, according to analysts polled by Bloomberg. Sales are seen at $5.63 billion, up 16% from $4.84 billion recorded in the same quarter last year.

Operating profit is expected to rise by 4% to $603.22 million from $582 million in the year-ago quarter. EBITDA is seen rising 5% to $699.33 million from $665 million in the same quarter last year. Currently, the company has a dividend yield of 1.3%.

Of the 22 analysts covering the stock, 64% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 12% to $105.35 from current levels over the next 12 months.

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