Retail chatter around Nike Inc (NKE) has shot up in recent days, ahead of the company’s quarterly report later this week which will give clues on an ongoing turnaround effort. User posts on Stocktwits about Nike have increased by 339% in the past week alone.

Key Takeaways Nike is set to report fiscal third-quarter earnings after the market closes Thursday, its second quarter under CEO Elliott Hill.The apparel and shoe maker is expected to report declining sales and profits,

Fed meeting, FOMC dot-plot, Powell news conference will be in focus this week. • Nvidia's GTC conference presents a promising opportunity for the company to showcase its cutting-edge technology and growth prospects,

Earnings per share are estimated to decrease to $0.29 and gross margin is forecast to fall to 41.9% of sales. Nike ( NYSE: NKE) has been focusing on strategic initiatives, including increased marketing efforts targeting women and collaborations like the one with Kim Kardashian's SKIMS.