In a surprising turn of events, Nike reported its revenue for the fiscal first quarter fell short of Wall Street’s expectations, marking the first time in two years. However, the company exceeded earnings and gross margin estimates, causing its stock to soar in after-hours trading. Here is a breakdown of Nike’s performance compared to analyst …
Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Discover the companies grabbing attention prior to the market open. AstraZeneca — Shares surged 1.4% following an upgrade from Jefferies to buy from hold. …
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023. Scott Olson | Getty Images Adidas CEO Bjorn Gulden defended Ye, the artist formerly known as Kanye West, and said the rapper didn’t mean it when he made a series of antisemitic remarks. In a conversation on philanthropist Nicolai Tangen’s podcast …
A multitude of retailers are once again attributing shrink as one of the main causes of their underwhelming profits for the quarter. However, some of these companies are now offering more detailed information than ever before on the extent to which shrink, including theft, damage, and fraud, is impacting their bottom lines. At the same …
Abercrombie & Fitch Courtesy: Abercrombie & Fitch Shares of Abercrombie & Fitch soared on Wednesday after the company exceeded Wall Street’s expectations for quarterly earnings and sales. CEO Fran Horowitz attributed the strong performance to the retailer’s efforts in attracting more customers with a diverse range of fashionable options beyond jeans and T-shirts. Horowitz also …
In a week filled with major events such as Nvidia’s quarterly results and Federal Reserve Chairman Jerome Powell’s Jackson Hole address, our portfolio underwent a series of adjustments. These changes were driven by careful analysis and strategic decision-making. Let’s take a closer look at our trades and price-target adjustments for each day. Monday set the …
Shares of Dollar Tree dropped to a 52-week low after the company revealed that customers are primarily focused on purchasing food and essential items. This trend aligns with the growing number of price-sensitive consumers who are being more selective with their spending. Macy’s and Foot Locker also experienced a decline in sales as customers prioritize …
Amidst disappointing quarterly results from Foot Locker and a decline in consumer interest in the footwear sector, Nike’s stock has experienced a 10-day losing streak. This consecutive drop is the longest in Nike’s history as a publicly traded company since its initial public offering (IPO) in 1980. As the company prepares to report its earnings …
Nvidia, the chipmaker headquartered in Santa Clara, California, saw a 1.8% increase in its stock before the release of its quarterly report. The company has been performing exceptionally well due to the growing demand for AI technology, with its shares rising by a staggering 220% this year. Meanwhile, Peloton, the fitness company, experienced a significant …
Customers stroll with their shopping bags from Foot Locker along the vibrant Third Street Promenade in Santa Monica, California. According to reports, Foot Locker has reported another decline in sales and has revised its outlook for the second time this year. Consumers, burdened by inflation, are becoming more cautious about spending on footwear and apparel. …