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market update wall street reacts to fed decisions and corporate earnings

Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.

stock futures recover slightly after positive inflation data amid market volatility

Stock futures narrowed losses following a better-than-expected inflation reading, with the Dow down 0.3% and the S&P 500 and Nasdaq down 0.5% and 0.8%, respectively. Large-cap tech stocks fell, with Nvidia, Apple, and Microsoft among the decliners, while Nike dropped 6% after its earnings report. FedEx shares surged over 8% after announcing plans to spin off its freight business, overshadowing a lowered outlook.

market update stocks and etfs show mixed performance amid economic concerns

Dow Jones futures fell modestly after a Trump-backed bill to avoid a government shutdown failed, leading to a mixed close for major indexes. FedEx reported earnings that beat expectations but provided light guidance, while Nike's results were better than feared but also included weak guidance. Treasury yields continued to rise, posing challenges for the stock market rally, which struggled to maintain gains.

stock futures rise as microns outlook disappoints and bitcoin rebounds

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.

Nike Investors Anticipate Key Insights from New CEO Ahead of Q2 Results

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 prepares for Q2 results as new CEO faces key questions

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.

UBS Maintains Neutral Rating for Nike with Price Target of 80 Dollars

UBS has maintained a "Neutral" rating for Nike, setting a price target of $80. Analyst Jay Sole has outlined ten key questions for new CEO Elliott Hill, focusing on areas requiring urgent strategic change following his initial two months in office.

UBS Maintains Neutral Rating on Nike with Target Price of 80 Dollars

UBS has maintained a 'Neutral' rating for Nike, setting a price target of $80. Analyst Jay Sole has outlined ten key questions for new CEO Elliott Hill, focusing on areas needing urgent strategic change following his initial months in office. Meanwhile, Morgan Stanley anticipates Nike will exceed quarterly earnings expectations, despite a below-average third-quarter guidance.

Nike Stock Faces Downgrades Amid Mixed Analyst Outlook and Market Challenges

UBS maintains a 'Neutral' rating on Nike with a target price of $80, while OTR Global downgrades the stock from 'mixed' to 'negative'. Morgan Stanley slightly reduces its price target from $82 to $80, reflecting a mixed outlook on Nike's near-term prospects. Raymond James anticipates Q2 results to fall below consensus estimates.

UBS Warns of Weak Nike Earnings Amid Deteriorating Sales Trends

UBS has warned that Nike's upcoming earnings report may act as a negative catalyst, predicting weak Q3 guidance and EPS projections below market expectations due to deteriorating global sales trends. The bank estimates EPS guidance between $0.47 and $0.57, below the consensus of $0.55-$0.65. Despite recent underperformance, some investors remain optimistic about a recovery, though UBS cautions that these expectations may be premature, given challenges in U.S. sales, European underperformance, and declining global search trends.
17:30 09.12.2024
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