UBS has reduced its price target for Nike from $80 to $73 while maintaining a "Neutral" rating. Analyst Jay Sole notes that earnings estimates may still be too optimistic due to underestimations of the time and costs required to normalize inventory levels and a slower-than-expected product pipeline.
UBS has reduced its price target for Nike from $80 to $73 while maintaining a "Neutral" rating. Analyst Jay Sole highlights ongoing risks, noting that the time and costs to normalize inventories are underestimated and that the introduction of new products is unlikely to accelerate as anticipated.
UBS has reduced its price target for Nike from $80 to $73 while maintaining a "Neutral" rating. Analyst Jay Sole highlights ongoing risks, citing underestimations in the time and costs required to normalize inventory levels and a slower-than-expected product pipeline.
U.S. markets are set to open lower as a potential government shutdown looms, following the House's rejection of President-elect Trump's funding plan. Futures for the S&P 500 and Dow Jones fell, while FedEx shares surged 9% after exceeding profit expectations. In Europe, major indices declined, and Japan's inflation data exceeded forecasts, impacting the yen's value.
U.S. stock futures dipped as a House Republican spending deal to prevent a government shutdown faltered, with significant opposition from within the party. Meanwhile, short selling activity has surged among major automakers, with Rivian shares plummeting over 43% in 2024. In extended trading, FedEx, Nike, and Mission Produce reported better-than-expected earnings, boosting their stock prices.
U.S. stock futures are rebounding after a recent selloff, with the Dow up 0.5% as it aims to end a 10-session losing streak. Micron Technology's stock plummets 12% on weak guidance, while bitcoin recovers above $100,000, boosting related stocks. Nike prepares to release its first earnings report under new CEO Elliott Hill, and FedEx is expected to show net income growth despite a slight revenue decline.
Markets are bracing for a prolonged period of high interest rates following the Federal Reserve's recent policy decision, which raised forecasts for inflation and GDP growth while signaling caution on future cuts. The dollar surged, impacting emerging markets and tech stocks, with Micron Technology shares plummeting after disappointing earnings. Meanwhile, global central banks, including the Bank of England and Brazil's central bank, are navigating their own monetary challenges amid rising inflation and economic pressures.
Nike (NKE) is preparing to report its Q2 results on Thursday, with investors keenly anticipating guidance and management commentary from new CEO Elliott Hill. UBS has outlined the top 10 questions that stakeholders are eager to have addressed during this upcoming announcement.
Nike (NKE) is preparing to report its Q2 results on Thursday, with investors keenly anticipating guidance and management commentary. UBS has outlined the top 10 questions for the new CEO, Elliott Hill, as the company navigates its upcoming financial disclosures.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
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