All the market-moving Wall Street chatter from Friday

[Pelican Press 0]

All the market-moving Wall Street chatter from Friday

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amid slowing sales in China . “Nike’s unexpected first glance guide for 1H25E implies no revenue growth for cal 2024, which leaves little to play for in the near term,” analyst Piral Dadhania wrote. “Organisational restructuring + product transition over the next few quarters add further uncertainty and guidance risk in our view.” “We have no doubt Nike will emerge on the other side a better company in a better phase of its business cycle; however, for now we prefer to follow the momentum,” Dadhania added. Nike shares were down more than 6% in the premarket. For the year, the stock is down 7.1%. NKE YTD mountain NKE year to date — Fred Imbert

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NVIDIA Corp,Nike Inc,Stock markets,Investment strategy,business news
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