Wall Street Analysts: Believe In Nike Stock, Even If It Means Sacrificing Returns [Investor's Business Daily]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Investors Business Daily
Related news Analysts are playing defense for Nike after the Dow Jones stock tanked Friday on Q3 results. They cited the athletic gear giant's innovation in its product pipeline, supply chain and digital technology. Expectations were high heading into Thursday's report, and the Dow Jones stock beat on the top and bottom lines . But weak sales growth in North America and cautious guidance are sending Nike ( NKE ) stock lower. Wall Street analysts believe the slump is a blip to the stock's performance, rather than an indication of a longer slide to come. And despite its tumble, Nike stock is still up by more than 12% so far in 2019. Shares tumbled 6.4% to 82.42 on the stock market today , undercutting their 50-day line for the first time since early January. Nike stock is also back below buy range after breaking out from a 22-week cup with handle base with an 85.88 buy point last month, MarketSmith analysis shows . Among rivals, Adidas ( ADDYY ), which warned last week of slowing growth
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NKE
News
- Nike to lay off 740 employees at Oregon headquarters [Yahoo! Finance]Yahoo! Finance
- Nike to lay off 740 employees at Oregon headquarters [Reuters]Reuters
- Nike "Permanently" Laying Off 740 Employees At World Headquarters [zero hedge]zero hedge
- FC Barcelona Closing $1.3 Billion ‘Mega-contract' With Nike, Reports MARCA [Forbes]Forbes
- Here's Why Nike (NKE) Fell in Q1 [Yahoo! Finance]Yahoo! Finance
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