Rally Light Dims: Brakes Slam As European Data, Nike Earnings Appear To Raise Concerns [Forbes]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Forbes
Rally Light Dims: Brakes Slam As European Data, Nike Earnings Appear To Raise Concerns iStock Renewed global growth fears might dim the rally lights a little Friday after yesterday’s Fed party. A sharp rally Thursday that led stocks to five-month highs hit the brakes in pre-market action after European stocks fell sharply amid more soft data. Factory output in Europe slumped to its lowest level since 2013, helping send benchmark German 10-year yields fell below zero for the first time in more than two years. U.S. data might be strong, but it’s not getting matched overseas. That’s causing some worries now that might be reflected in Treasury note strength here. The other factor that appears to be weighing on the market early Friday is Nike (NKE), which fell nearly 5% in pre-market trading after the company’s earnings data received a negative reaction. Though Nike matched analysts’ revenue expectations and beat third-party consensus on earnings per share, the stock fell nearly 4% in post
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NKE
News
- Zvelle Closes Women's Business, Becomes Men's Only Footwear Brand [Yahoo! Finance]Yahoo! Finance
- The History of Cole Haan: How the American Shoe Brand Became Part of Nike and Changed the Office Dress Code [Yahoo! Finance]Yahoo! Finance
- The new Hoka Skyward X is a super trainer — and maybe the brand's best shoe yet [CNN]CNN
- Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business [Yahoo! Finance]Yahoo! Finance
- The Best Tennis Shoes For Men, According To Players Around The Country [Forbes]Forbes
NKE
Earnings
- 3/21/24 - Beat
NKE
Sec Filings
- 4/4/24 - Form 10-Q
- 3/21/24 - Form 8-K
- 3/11/24 - Form 8-K
- NKE's page on the SEC website