NKE Jun 2024 84.000 call
- Reuters
Nike set for weak quarterly sales growth as On, Hoka chip away market share
Nike is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition from Deckers' Hoka and Roger Federer-backed On. At least seven brokerages have cut their price targets on Nike since the start of the month, with many expecting the sportswear maker to further cede market share to newer, more innovative brands. "On and Hoka are still capturing consumers' interest and they're still taking market share away from Nike, and in that respect, I think Nike is still a company that is on the back foot... (and) feels slightly boring," GlobalData analyst Neil Saunders said.
- Baystreet
TSX Shoots Higher on Advancing Commodities
Equities in Canada’s largest centre opened higher on Monday, lifted by a rise in materials and utilities ...
- Yahoo Finance Video
Micron, FedEx earnings, PCE, GDP data: The week ahead
US equities (^GSPC, ^DJI, ^IXIC) are mixed on Monday morning as the market awaits consumer confidence, GDP, and initial jobless claims data. Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation, is also slated for release. Carnival Cruises (CCL), FedEx (FDX), Nike (NKE), Micron (MU), and Levi's (LEVI) will also report quarterly results this week. Yahoo Finance Anchors Brad Smith and Madison Mills explain what investors should watch for this week and how it may impact the broader market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
