Nike Inc (NKE) will close this week below its five-week modified moving average, which defines a negative weekly chart.

The Earnings Picture Refuses to Weaken

03:57pm, Friday, 30'th Jun 2023
With inflation steadily coming down and the labor market staying fairly strong, many in the market are starting to bet on the 'soft landing' scenario.
During Nike Inc.'s earnings call on Thursday, executives tried to steer Wall Street's attention to the positives as shares sank: New Jordans; new running-shoe designs; the Summer Olympics next year in

Why Nike Stock Was Sliding Today

01:52pm, Friday, 30'th Jun 2023
Nike's fourth-quarter results were mostly in line with estimates, but guidance called for modest growth in fiscal 2024. The stock is expensive at a forward P/E around 30.
NIKE's (NKE) fourth-quarter fiscal 2023 sales rise 5% y/y, driven by broad-based growth across all brands, channels and geographies.
U.S. equity markets were sharply higher at midday on Friday, June 30, 2023, amid optimism that inflation is edging closer to the Fed's 2% target.
Nike shares traded lower after the athletic apparel company's fourth quarter results disappointed investors. Adrienne Yih, Barclays Consumer Discretionary Analyst, joins Yahoo Finance Live to discuss
Bob Drbul, Guggenheim Securities, joins 'Squawk on the Street' to discuss Nike's quarterly earnings results, whether the company will reach its long-term targets, and much more.

Nike Stock Drops on Rare Earnings Miss

11:29am, Friday, 30'th Jun 2023
Nike Inc (NYSE:NKE) announced its first earnings miss in three years after the close yesterday.
Nike shares dropped over 2% in early trading on Friday after reporting earnings that missed estimates as margins were squeezed by higher costs and markdowns amid a pullback in consumer spending.
Though Nike's 2023 financial results released on Thursday were “slightly underwhelming”, some of the numbers offer a positive read-across for UK thread supplier Coats Group PLC (LSE:COA), accordin
The headline numbers for Nike (NKE) give insight into how the company performed in the quarter ended May 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and
Bulls argue that China's recovery and inventory improvement set the company up for long-term growth. Bears are more worried about the macroeconomic setup.
Markets opened sharply higher as investors were optimistic about the success of the first half of 2023. Nike shares gave up ground, however, on lackluster financial performance in its most recent quar
Nike NYSE: NKE proved again that it can Just Do It when operating in an ever-changing business environment. The Q3 results and guidance prove the company's resiliency but also give evidence of market
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