Robert Way Nike (NYSE:NKE) fell sharply in early trading after sales and FQ1 guidance landed short of expectations. The report raised concerns with analysts about consumer demand in North America, the China recovery, macro factors, and the impact of competition. During the earnings call (transcript), Nike CEO John Donahoe saidContinue Reading
Stock index futures slipped on Thursday after Micron Technology’s guidance failed to impress investors, while markets await key inflation data expected tomorrow. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) -0.2% and Dow futures (INDU) -0.1%. The 10-year Treasury yield (US10Y) was unchanged at 4.34%. The 2-year yield (US2Y)Continue Reading
Wolterk/iStock Editorial via Getty Images General Mills (NYSE:GIS) fell back in early trading on Wednesday after the food manufacturer’s organic sales trends disappointed investors. Net sales were down 6.4% to $4.71 billion, reflecting unfavorable net price realization/mix and lower pound volume. Those results included a three-point headwind from a comparisonContinue Reading
