NKE Stock Recent News
NKE LATEST HEADLINES
Shares of shoes and sportswear company Nike (NKE -2.49%) gained 1.4% on Thursday before turning tail and losing nearly twice that much Friday. As of 12:45 p.m.
NKE beats on earnings but slumps on revenues as it doubles down on innovation to revive growth and brand strength.
Shares of Nike (NKE -3.48%) were moving lower today, seemingly in response to President Trump's decision yesterday to reinstitute the reciprocal tariffs he had originally issued in April on several Asian countries as of Aug. 1.
Brian Belski, Chief Investment Strategist at BMO Capital Markets, joins 'Halftime Report' to detail his latest portfolio moves.
NKE eyes a comeback as it sharpens execution with sport-led innovation, while LULU drives growth via global reach and product expansion.
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 4.3%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.
June was another banner month for the stock market as investors reacted to solid economic data, diminishing concerns about the trade war, and an update from the Fed that showed it still planned to cut rates twice this year.
The Vietnam trade deal removes major tariff threats, providing clarity for U.S. companies like Nike, Inc., but the positive impact is already priced in. Nike's tariff-related cost reduction is meaningful, but with forward valuations peaking, I rate the stock a Hold for now. Vietnam's economy benefits from the deal, but the VanEck Vietnam ETF's limited manufacturing exposure means the news isn't a strong buy catalyst.
Here are some of the major companies whose stocks moved on the week's news.
NKE faces soft demand for classic footwear, offset by growth in performance lines and sportswear innovation.