|Day's range||24.69 - 24.70|
(Bloomberg) -- The stocks of small athletic shoe brands are poised to keep gaining, beating out their globally-recognized peers, even as the US faces weaker consumer spending and a potential recession, Wall Street analysts say. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot W
Product innovation, fitness consciousness, improved demand trends and digital growth are likely to hold up the Shoes and Retail Apparel industry amid rising costs. These aspects bode well for NKE, DECK, SKX, CRI and WWW.
Reservoir Media, Inc. (RSVR) delivered earnings and revenue surprises of 0% and 2.61%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Nike (NKE) closed at $106.52 in the latest trading session, marking a -0.92% move from the prior day.
Nike (NKE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
NIKE, Inc. ( NYSE:NKE ) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one...
Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market.
The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has so far labeled the release as a success.
BEAVERTON, Ore., May 24, 2023--NIKE, Inc. (NYSE:NKE) announced senior leadership changes today that will continue to build on its strong momentum and underscore Nike’s commitment to product innovation, serving athletes and unrivaled brand storytelling while driving deeper integration across the business.
Nike (NKE) closed at $108.78 in the latest trading session, marking a -1.27% move from the prior day.
Nike's (NYSE: NKE) fiscal 2023 third-quarter financial results showed revenue of $12.4 billion (up 14%) and diluted earnings per share of $0.79 (down 9%). Both of these headline figures exceeded Wall Street analyst estimates. Should you buy, sell, or hold Nike shares right now?
Oracle, Nike, Starbucks, Caterpillar and ABB are included in this Analyst Blog.
Yahoo Finance markets reporter Josh Schafer breaks down the impact of Foot Locker sales on Nike, retail inventory, and how the resale market is impacting the company.
Nike represents more than 70% of Foot Locker's sales and could see downside risk as Foot Locker struggles to grow sales.
Today's Research Daily features new research reports on 16 major stocks, including Oracle Corporation (ORCL), NIKE, Inc. (NKE) and Starbucks Corporation (SBUX).
Stock markets were mixed in mid-afternoon trading on Monday. Gains for the Nasdaq Composite stood in stark contrast to triple-digit declines for the Dow Jones Industrials, and worries about the ongoing stalemate in debt ceiling discussions seemed to weigh on certain sectors of the economy but not others. Last week, Foot Locker (NYSE: FL) announced its latest financial results, and the athletic footwear and apparel retailer's stock fell sharply.
Yahoo Finance contributor Remy Blaire reports from the New York Stock Exchange on the top movers this morning including, Apple, UBS raising its rating for DraftKings to buy, and how Nike is fairing following Foot Locker’s earnings report.
Interactive Brokers Chief Strategist Steve Sosnick and Yahoo Finance Executive Editor Brian Sozzi join Yahoo Finance Live to discuss retail earnings reports, the state of the consumer, and retail stocks.
Based on the average brokerage recommendation (ABR), Nike (NKE) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
In fact, being cool when one generation is young can almost guarantee the subsequent generations will think a trend is pretty lame. A good example is how proudly members of Generation X displayed the brands they wore, from Abercrombie & Fitch to Ralph Lauren. Generation Z is the exact opposite.
Investing.com -- Stocks in focus in premarket trade on Monday, May 22nd. Please refresh for updates.
Investing.com -- Nike's (NYSE:NKE) U.S. operations will be challenged throughout the first half of its upcoming 2024 fiscal year as the sneaker maker faces margin pressures, according to analysts at Williams Trading.
Here is your Pro Recap of the biggest analyst cuts you may have missed today: downgrades for Nike, Foot Locker, Canadian National Railway, and Catalent. Nike (NYSE:NKE) shares fell more than 1% pre-market today after Williams Trading downgraded the company to Sell from Hold with a price target of $95.00. According to the firm, the downgrade move was predicated on Nike’s U.S. business, which it says will remain "challenged" through at least the first half of fiscal 2024, and due to a lack of new compelling products, consumers may be becoming trained to look for promotions.
Shares of Foot Locker (NYSE: FL) were trading down 25% as of 11 a.m. ET on Friday after the retailer announced disappointing sales performance for the first quarter. Total sales fell 11.4% year over year, with comparable-store sales down 9.1%. The company has struggled to deliver consistent revenue and earnings growth, which has contributed to the stock's underperformance in recent years.
Yahoo Finance Live host Diane King Hall takes a quick look at shares of Nike.