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.
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.
Shares of athletic apparel brand Nike (NYSE:NKE)
fell 8.5% in the pre-market session after the company reported third-quarter (fiscal 2025) results which came in soft, showing that the company's turnaround was still a work in progress. Sales continued to fall, and, margins shrunk underscoring ongoing challenges. Revenue, when adjusted for currency fluctuations, fell 7% year-over-year, a sharp contrast to flat growth in the same quarter last year.
JPMorgan analyst maintains a Neutral rating on Academy Sports, raising the price target to $54, citing growth uncertainty amid macroeconomic challenges.
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
