By the end of the day, the market had regained some ground lost when the FOMC released less promising inflation predictions for 2025 after cutting rates on Wednesday. At the closing bell 4 pm ET, the S&P 500 climbed 1.28%, the Dow Jones Industrial Average climbed 1.52%, and the Nasdaq Composite Index climbed 1.21%. MACRO In macro, Personal Consumption Expenditure numbers came in lower than expected, 2.4% vs 2.5%, but trending higher...
$Nike (NKE.US)$put options volume jumped after the world's largest sportswear company's outlook highlighted its continued struggle to regain the market share it lost to smaller rivals. Shares of Nike swung on Friday from a gain of as much as 1.2% to a loss as big as 2.9% as investors and analysts pondered how long the recovery could take. The company has reported three straight quarters of declining revenue through the t...
The Investor Kid
:
Things still look very uncertain although the CEO layouts the turnaround plan. I think both marketing effort and store image upgrading are needed in Nike. I would compare these with Adidas. Adidas store has got a very energetic feeling compared to Nike store. As for marketing effort, figure tells the story. Adidas marketing spending per revenue is higher compared to Nike. Of course with higher marketing spending it would eventually lower down the net profit. Hence I think everything is still uncertain. Competitors are working on their plan as well during this period whilst Nike trying to turnaround.
At the closing bell 4 pm ET, the S&P 500 climbed 1.28%, the Dow Jones Industrial Average climbed 1.52%, and the Nasdaq Composite Index climbed 1.21%.
MACRO
In macro, Personal Consumption Expenditure numbers came in lower than expected, 2.4% vs 2.5%, but trending higher...
only selling makes sense
Shares of Nike swung on Friday from a gain of as much as 1.2% to a loss as big as 2.9% as investors and analysts pondered how long the recovery could take. The company has reported three straight quarters of declining revenue through the t...
Hey bulls, how about 85 today?
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