
Nike down 1% at $61.90 following Q4 results
16:33 EDT Nike (NKE) down 1% at $61.90 following Q4 results
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Bloomberg
27 minutes ago
- Bloomberg
Nike Is Running Up That Tariff Hill
Faith Kipyegon's Nike Inc.-backed effort Thursday to become the first woman to shatter the four-minute mile fell short by six seconds. 'You have to dare to try,' said Nike Chief Executive Officer Elliott Hill, on the analysts' call following both the attempt in Paris and the company's fourth-quarter results.
Yahoo
34 minutes ago
- Yahoo
US stock futures rise on rate-cut hopes ahead of inflation data
(Reuters) -U.S. stock index futures climbed on Friday, putting the S&P 500 and the Nasdaq on track for record highs, as investors awaited a key inflation reading amid growing expectations of a dovish monetary policy from the Federal Reserve this year. Personal Consumption Expenditure data - the U.S. central bank's preferred inflation gauge - for May is due to be released at 08:30 a.m. ET and will be scrutinized for a better understanding of the Fed's interest-rate path as President Donald Trump's tariffs weigh on prices. As the ceasefire in the Middle East holds, investor focus has turned to the prospect of a dovish Fed after the Wall Street Journal reported that Trump has toyed with the idea of selecting and announcing Fed Chair Jerome Powell's replacement by September or October. A spate of economic data this week, including a weaker-than-expected first quarter GDP reading as well as jobless claims reaching multi-year highs, has supported the case for the Fed to cut borrowing costs this year. Traders now price in a 20% chance of a rate cut in July, compared with 12.5% last week, according to CME Group's FedWatch tool. At 05:25 a.m. ET, Dow E-minis were up 103 points, or 0.24%, S&P 500 E-minis were up 15 points, or 0.24%, and Nasdaq 100 E-minis were up 70.25 points, or 0.31% Nike's shares rose 9.6% in premarket trading after the retailer forecast a smaller-than-expected drop in first-quarter revenue. Retailer Lululemon Athletica rose 1.7% after Nike's results. The benchmark S&P 500 and the Nasdaq are on track for their best weekly performance in six weeks while the blue-chip Dow is set for a weekly advance, if gains hold. Adding to the upbeat mood, Washington reached an agreement with China on expediting rare earth shipments to the United States, a White House official said, days ahead of the July 9 deadline for Trump's "reciprocal" tariffs. Also on tap is the final reading of consumer sentiment for June, measured by the University of Michigan Surveys of Consumers, due at 10:00 a.m. ET. Remarks from New York Fed President John Williams, Cleveland Fed President Beth Hammack and Fed Board Governor Lisa Cook are expected later in the day.


Business Insider
2 hours ago
- Business Insider
Morgan Stanley Remains a Buy on Collins Foods (CLLFF)
In a report released today, James Bales from Morgan Stanley maintained a Buy rating on Collins Foods (CLLFF – Research Report), with a price target of A$11.60. The company's shares closed last Thursday at $6.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Bales is an analyst with an average return of -2.2% and a 39.70% success rate. Bales covers the Consumer Cyclical sector, focusing on stocks such as Corporate Travel Management Limited, Flight Centre Travel Group Limited, and WEB Travel Group. Collins Foods has an analyst consensus of Strong Buy, with a price target consensus of $6.27, a 4.50% upside from current levels. In a report released on June 25, Canaccord Genuity also upgraded the stock to a Buy with a A$9.65 price target.