Peach_iStock Stock futures edged slightly higher on the last trading day of the second quarter, early Friday morning, as investors eagerly awaited U.S. inflation data due later today. Here are some of Friday’s biggest stock movers: Biggest stock gainers Infinera’s (NASDAQ:INFN) stock jumped over 25% after Nokia (NOK) announced itContinue Reading
Faced with the challenge of “navigating macro headwinds that will have a pronounced impact on fiscal 2025” and continued softness in China, Nike (NYSE:NKE) now expects FY25 sales for the sportswear giant to be down mid-single-digits with sales in the first half of the year down by high-single-digits. The companyContinue Reading
Nike (NYSE:NKE) shares are reversing a knee-jerk reaction higher and losing ground after remarks from the company’s CFO acknowledging macro challenges hinted to a guidance cut, and FQ4 revenue was worse than Wall Street expected. Shares are down 5%, dragging down Foot Locker (FL) by 3% in sympathy. The sportswearContinue Reading
There’s a low bar for Nike’s (NYSE:NKE) FQ4 results after the close on Thursday and the stock’s performance reflects investors’ lack of enthusiasm for the stock given anemic innovation versus rivals and emerging popularity of brands like Adidas (ADDYY, ADDDF), HOKA (DECK) and On (ONON), all of which continue toContinue Reading
Robert Way/iStock Editorial via Getty Images U.S. stock index futures on Thursday pointed to a largely flat open, as market participants geared up for a busy economic calendar. Also in focus will be the first U.S. presidential debate later tonight. Here are some stocks to watch on Thursday: Class AContinue Reading
As a leader in the athletic sportswear category, Nike’s (NYSE:NKE) quarterly results not only bring an unofficial close to earnings season but are viewed as a barometer to consumer spending trends and the company’s success penetrating foreign markets. Wall Street will dissect FQ4 results next week for not only theContinue Reading
