Nike Stock News

Tuesday''s top analyst upgrades and downgrades included Ballard Power Systems, CF Industries, Deere, Dun & Bradstreet, Grab, Infinera, Nike, Palo Alto Networks, Plug Power, Sunrun, Schlumberger, UBS and VMware.

Wells Fargo upgrades Nike (NKE) to an Overweight rating from Neutral as it expresses greater confidence in the FY23 setup and the trajectory of the China business. Read more on Nike stock.

Nike''s stock is down 12.4% year to date, underperforming the S&P 500.

The employee said he was ready to show Nike his vaccine card but was worried about sharing it with a third party for verification.

Activist Investor Calls On Peloton To Fire CEO And Prep For Sale Peloton Interactive, Inc. stock has been mired by bad luck lately, but shares were on the rebound, gaining as much as 3.5% premarket following a report that an activist investor wants the exercise-equipment maker (known for slapping an iPad on a stationary bike and charging thousands of dollars) to fire the chief executive officer and explore a sale. Blackwells Capital LLC sent a letter Monday to the company''s board to fire CEO John Foley and "put the company up for sale." The investment firm has less than a 5% stake in Peloton and believes the company is an attractive acquisition target for big tech . "Undoubtedly, Peloton and its customer base would be extremely attractive to any number of technology, streaming, metaverse and sportswear companies (e.g. Apple, Disney, Sony, Nike), who could extend their presence in the home, in health and wellness and on the screen through Peloton. Given the mess that Peloton has become as an independent company, we are convinced that one or more of these strategic acquirors could provide significantly more value, with substantially less risk, than Peloton is likely to generate for its shareholders on its own," the letter said.

In this edition of Insider Weekly: Behind the scenes at Boies Schiller, leaked Peloton audio, Nike''s success, and Amazon attrition.

Under Armour is back on a growth path, with a little help from Nike, according to Citi.

Find your next favourite label

Here are the biggest calls on Wall Street on Tuesday.

Walmart Creates Its Own Cryptocurrency, NFTs, Enters Metaverse With Sales Of Virtual Goods The last time Walmart was reportedly entering the crypto space, it turned out to be a giant Litecoin-promoting hack, that was quickly reversed, after it became clear that playful hackers had fabricated a press release . But there appears to be nothing fake about the latest news involving Walmart''s desire to ride the latest wave of crypto/web 3.0/metaverse/NFT euphoria, and as a result the big box retailer is boldly venturing into the metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, or NFTs. According to CNBC , Walmart filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a separate filing, the company said it would offer users a virtual currency, as well as NFTs. In total, seven separate applications have been submitted.

General Electric Abandons Biden''s Vax Mandate After SCOTUS Ruling While Nike Doubles Down Now that the Supreme Court has blocked President Biden''s push to mandate vaccinations for all workers at companies with more than 100 workers, companies are finally backing away from the government''s edict. To wit, General Electric has just announced that it has abandoned its vaccine require Are you listening, Wall Street bulge-bracket employers? https://t.co/J0A6LVq7YA Rasmussen Reports (@Rasmussen_Poll) January 14, 2022 According to Bloomberg , the maker of jet engines, wind turbines and medical scanners confirmed the decision Friday via email. GE is the first major company to announce a halt after SCOTUS''s decision Thursday to block the centerpiece of President Joe Bidens push to boost COVID vaccinations. Vaccine rules have taken on greater significance as the surging omicron variant has disrupted companies'' plans to order workers to return to the office. Without the federal mandate, which would have applied to employers with 100 or more workers, the choice is now up to individual workers.

Under Armour is the biggest decliner in the S&P 500 Index and Nike is one of the largest decliners in the Dow. Read more.

According to a new report from Oregon Live, a group of unvaccinated Nike corporate workers will lose their jobs on Saturday.