NKE Jun 2024 109.000 put
- Yahoo Finance
Nike stock sinks after company projects larger sales decline than expected in 2025
Nike's earnings report comes as the stock has slumped over the past year amid slowing sales growth.
- Yahoo Finance Video
Core PCE, presidential debate, Nike: Three Things
US Equities (^GSPC, ^DJI, ^IXIC) starting out in the green on Friday morning as investors digest the latest inflation data in the form of the Personal Consumption Expenditure Price Index (PCE) which was in line with expectations. President Joe Biden and former President Donald Trump faced off at the first presidential debate. Biden often struggled with his delivery, with Democrats increasingly concerned while Trump rattled off several false claims. Shares of Nike (NKE) are sinking as the company projected a larger-than-expected sales decline in 2025, with an expected 10% decline in the first quarter. Yahoo Finance Reporters Josh Schafer, Jared Blikre and Rick Newman join Morning brief to break down the three things investors should keep in mind on June 28 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
- Bloomberg
Nike Rout Is Exclamation Point on Consumer Stocks’ Ugly Week
(Bloomberg) -- A dismal week for consumer stocks is raising concern about the financial health of US households just before the second-quarter earnings season begins in earnest next month. Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacySupreme Court Overturns Chevron Rule in Blow to Agency PowerPanicked Emails, Gallows Humor: The Aftermath of Biden's Debate Disa
