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Greece, China in focus; Nike profit beats; Lululemon faces new woes

Yahoo Finance

Wall Street (^GSPC) in a cautious mood today after stocks in China (000001.SS) sank and a key deadline approaches in the Greek debt crisis.

In an exclusive interview with Yahoo Editor-in-Chief Andy Serwer, Treasury Secretary Jack Lew said while the U.S. may not be directly impacted by the situation with Greece, he's still keeping an eye on what's happening across the pond:

It’s fundamentally a European challenge, but the European economy and the global economy don't need a shock right now.

Get the Latest Market Data and News with the Yahoo Finance App

Nike kicks it in high gear

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

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Nike (NKE) is putting its best foot forward, shares are higher in early trading, hitting a fresh 52-week high after the sportswear giant's earnings and revenue sprinted past analysts' estimates in its fiscal fourth quarter. Sales rose nearly 5% percent from a year earlier as the company benefited from new product releases. Nike also said it expects future revenue growth from its exclusive NBA partnership and its 2015 FIFA Women's World Cup sponsorship.

Micron Technology (MU) shares are falling to a 52-week low this morning. The memory chip maker issued a weaker-than-expected outlook for is current quarter after it reported an earnings and revenue missed estimates in its latest quarter. The company said sluggish demand for PCs contributed to the 39% decline in profits.

Related: Nike sprints to new high; Micron hits new low; Lululemon hit with a recall

Lululemon (LULU) shares are on the move in early trading. The yogawear retailer just announced it is recalling hundreds of thousands of hard-tipped elastic drawstrings from its women's tops. This comes after at least seven people reported injuries from the cord snapping back and hitting their face and eyes.

Humana (HUM) shares are adding to yesterday's more than 7% jump after Bloomberg reported that Aetna    (AET) is close to a deal to buy the health insurance provider.

Facebook diversity flop

Facebook (FB) just released its employee demographics report. Despite the company's efforts to improve diversity, the demographics of its staff hasn't changed much over the past year. Hispanics are 4% of Facebook's U.S. workforce, while African Americans represent 2%. Globally, 68% of its employees are male.

Related: Facebook's diversity dilemma

Univision is cutting ties with the Miss USA pageant, an event partially owned by Donald Trump, after he said as part of his presidential run announcement that Mexico is sending its criminals and rapists to the U.S. Univision said it will not work on any other projects tied to the Trump Organization.