This company is a leading global sportswear brand that designs, develops, and markets a wide range of athletic footwear, apparel, and equipment
It is known for its innovative products, high-quality materials, and cutting-edge technology, catering to athletes and fitness enthusiasts across various sports and activities. The brand also emphasizes sustainability and community engagement, often collaborating with athletes, designers, and organizations to promote a healthy lifestyle and social responsibility. Through its extensive retail network and online platforms, the company aims to inspire and empower individuals to pursue their athletic goals.
Nike stock is in a bearish downtrend, down 30% in past year. Oversold conditions may spark a short-lived bounce, but weak fundamentals suggest waiting for a clearer buying opportunity.
Bernstein, Morgan Staley, and JP Morgan, among others, cut their PTs on the stock after Nike last week said its fourth-quarter revenue could fall more than Wall Street’s expectations
It seems likely that the market’s late rally on Friday avoided a fifth straight down week, with the S&P 500 up 0.1% to 5,667.56, but momentum remains weak amid tariff and earnings concerns.
Wall Street closed mixed on Friday, with the S&P 500 managing to break a four-week losing streak despite persistent concerns over tariffs, economic uncertainty, and tech sector weakness.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Stocks are suffering further sharp losses as Wall Street and corporate America become increasingly concerned that widespread tariffs will weigh on top lines while pressuring costs.
