Nike Stock News

Stores including Nike, Walmart, and Macy''s have been cutting their opening hours as staff call out sick with the coronavirus.

Skechers USA Inc (NYSE: SKX ) stock might not have received the most headlines in 2021, nor will the companys shoes turn the most heads, nonetheless traders and investors were treated to nice returns over the past year. Since January 2021, Skechers stocks one-year return has outperformed several of the worlds biggest consumer discretionary and tech stocks: Nike Inc (NYSE: NKE ), Full story available on Benzinga.com

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Tuesday Market Open) Equity index futures are pointing higher as investors hope to build on Mondays rebound. Monday was a wild day with the stock market living up to its roller coaster reputation. However, with Federal Reserve Chairman Jerome Powell meeting with the Senate today, investors could still be a bit skittish. Stocks sold off on the open, with the S&P 500 (SPX) dropping 1.85% in the first hour but rallied off intraday lows to trim much of its losses. The S&P 500 closed down just 0.14%. The Nasdaq Composite ((COMP:GIDS)) led the selloff, falling 2.5% in the first hour of trading and easily broke the 14,900 support level. The next level of support would be around October 2021 lows near 14,200. However, the bulls refused to concede the line and pushed back to allow the Nasdaq to close 0.05% higher on a crazy day of trading. After spiking up over 23, the VIX ( Cboe Market Volatility Index ) subsided back below 21 as stocks rallied off their mid-day lows and closed at 19.33.

VF Corp. said Tuesday that Nicole Otto has been named global brand president of The North Face, succeeding Steve Murray who is retiring and returning to the U.K. The transition is effective June 2022. Otto joins the brand after 16 years with Nike Inc. , last serving as vice president of Nike Direct North America from 2018 to May 2021. In that role, she was responsible for Nike''s digital experiences, factory stores and more. VF Corp. shares are down 18.4% over the past year while the S&P 500 index has run up nearly 23%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

VF Corp. undefined said Tuesday that Nicole Otto has been named global brand president of The North Face, succeeding Steve Murray who is retiring and

Otto, a 16-year Nike veteran, succeeds Steve Murray who will retire in June 2022 VF Corporation today announced that it has appointed Nicole Otto to the position of Global Brand President, The North Face ® . Otto joins VF following a successful 16-year career at Nike and will succeed Steve Murray, who is retiring and returning to the UK. The leadership transition will be effective June 2022. Otto will report to VF Chairman, President and CEO, Steve Rendle, and serve on VF''s Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220111005202/en/ Nicole Otto, VF Corporation (Photo: Business Wire) Otto most recently served as Vice President of Nike Direct North America from 2018 through May 2021. In this role, she oversaw Nike''s digital experiences and full fleet of inline and factory stores throughout the North America region. Otto was responsible for integrating the company''s physical and digital retail ecosystem to deliver online-to-offline services and experiences that forge deep connections with consumers.

A bid by Nike to block Adidas (ADDYY) from importing Primeknit footwear on the basis that the Primeknit shoe tech infringes a number of patents will be considered by the ITC. Read more.

Monday afternoon''s top analyst upgrades and downgrades included Accenture, Dell Technologies, Expedia, Hilton Worldwide, Marathon Oil, Medtronic, Micron Technology, Nike, Unity Software and Zscaler.

Nike shares moved lower Monday after analysts at HSBC cut their rating target on the world''s biggest sports apparel company amid concern over its weakening foothold in China.

Futures Resume Tumbling After Yields Spike To New 2 Year High The new week has picked up where last week left off: with futures selling off and global markets lower as yields continued their relentless treck higher, hitting fresh two year highs (amid concerns of a faster Fed balance sheet drawdown coupled with a massive IG issuance slate forcing managers to put on rate locks in what remains an illiquid market). US index futures traded down to session lows as US traders sat at their desks after rising modestly earlier in the session, and were down 27 points or 0.6% at 730am ... while Treasury yields stabilized after reversing an earlier spike rising as high as 1.8064% before dropping to 1.7656% following a global bond selloff last week as investors awaited key inflation data later in the week. Tech stocks again led the decline with Nasdaq futs down 0.63%, while Dow futures were down 0.12% or 44 points. The dollar rose, bitcoin dropped and crude oil steadied around $79 a barrel. Market volatility continues to grow almost everywhere, with lingering uncertainties keeping pressure on sentiment, said Pierre Veyret, technical analyst at ActivTrades. Traders are likely to wait for new major market drivers before pushing stock prices in new directions.

HSBC downgrades Nike (NKE) to a Hold rating after having the athletic apparel stock slotted at Buy. Read more.

Lingering production issues and slowing demand in China should be an overhang on Nike shares in the near term, according to HSBC.

Amazon.com, Inc (NASDAQ:AMZN), Moderna, Inc

Courtesy of Mirror Nike sued Lululemon on Wednesday, alleging Lululemon''s Mirror…

Courtesy of Mirror Nike filed a lawsuit on Wednesday, alleging Lululemon''s