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Sports Direct (full-year results Thursday 20 July)
Sports Direct has been expanding into the US, the latest UK retailer to try breaking into such a key market. Compared to last year, the company may be able to paint a more positive picture, given that in 2016 results were hit hard by Brexit. Still, the outlook for retailers is not particularly encouraging, given the ongoing squeeze in consumer incomes thanks to weak wage growth and higher consumer price index (CPI) growth.
Broadly, the shares have traded in a range of 245p to 328p for the past year, as the firm continues to grapple with its problems. We have seen the shares rally off the June lows, with a break of 310p likely to lead to a test of 328p. A move back to 280p could be a prelude to a move back down towards 245p.
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