Check out the companies making headlines in midday trading. Nike – Shares of Nike fell 7% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher revenue for its fiscal first-quarter versus the prior year, and low double-digit revenue for the full … Read more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) … Read more
For weeks, CNBC’s Jim Cramer has announced that new public companies have fallen into disfavor at the Wall Street fashion show as investors recalibrate to a more hawkish Federal Reserve. He urges people to stay away from the group. But in the end, the “Mad Money” host said Thursday, the “random sale” in the cohort … Read more