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Nike

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Reuters - 3 days ago

KKR to buy Varsity Brands from Bain Capital for $4.75 billion, sources say

EXCLUSIVE-KKR to buy Varsity Brands from Bain Capital for $4.75 billion, sources say By Abigail Summerville July 3 (Reuters) - Private equity firm KKR & Co KKR.N agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday.
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Reuters - 4 days ago

Top of the Street: H&M, L'Oreal, EQT, Rheinmetall, Eni, ASMI

BUZZ-Top of the Street: H&M, L'Oreal, EQT, Rheinmetall, Eni, ASMI A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank double-upgrades H&M HMb.ST to "buy" from "sell", saying it expects structural earnings growth to be higher than the growth potential recognised by the market ** RBC raises L'Oreal OREP.PA to "sector perform" from "underperform", saying the French cosmetics giant has maintained volume growth despite significant price increases an
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Reuters - 4 days ago

European shares rise as Fed rate cut bets firm; focus on elections

UPDATE 2-European shares rise as Fed rate cut bets firm; focus on elections For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.7%, miners lead gains Bpost falls to record low on lower-than-expected guidance UK's JD Sports top loser on FTSE 100 on Barclays downgrade Updated at 1600 GMT By Sruthi Shankar, Jesus Calero and Shristi Achar A July 3 (Reuters) - European shares rose on Wednesday, as dovish comments from Federal Reser
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Reuters - 4 days ago

UK's JD Sports top loser on FTSE 100 on Barclays downgrade

BUZZ-UK's JD Sports top loser on FTSE 100 on Barclays downgrade ** British sportswear retailer JD Sports Fashion JD.L down 3.1% at 114p - top loser on the FTSE 100 .FTSE ** Barclays cut price target to 110p from 140p, downgrades stock to 'underweight' ** Brokerage says co's downgrade prompted by Nike's weak Q4 given its about 50% revenue exposure to the U.S.
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Reuters - 4 days ago

With one major gun case looming, US Supreme Court sidesteps others

UPDATE 1-With one major gun case looming, US Supreme Court sidesteps others Adds additional cases acted upon, ghost gun case By Andrew Chung WASHINGTON, July 2 (Reuters) - The U.S. Supreme Court turned away appeals challenging a Democratic-backed ban in Illinois on assault-style rifles such as AR-15s and sidestepped several other gun-related disputes on Tuesday, though it already has agreed to hear one major firearms case in its next term concerning homemade " ghost guns ." The justices declined
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Reuters - 4 days ago

US Supreme Court rebuffs challenge to Illinois assault weapon bans

US Supreme Court rebuffs challenge to Illinois assault weapon bans By Andrew Chung WASHINGTON, July 2 (Reuters) - The U.S. Supreme Court steered clear on Tuesday of another major dispute over gun rights, turning away appeals of a judicial ruling backing a Democratic-backed ban in Illinois on assault-style rifles such as AR-15s. The justices declined to hear a group of cases appealing a lower court's rejection of the challengers' argument that the ban violates the right to keep and bear arms unde
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Reuters - 5 days ago

U.S. Atlassian, Crowdstrike Holdings, CS Disco

U.S. RESEARCH ROUNDUP-Atlassian, Crowdstrike Holdings, CS Disco July 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Atlassian, Crowdstrike Holdings and CS Disco, on Tuesday. HIGHLIGHTS * Atlassian Corp TEAM.O : Piper Sandler raises to overweight from neutral * Crowdstrike Holdings Inc CRWD.O : Piper Sandler cuts to neutral from overweight * CS Disco Inc LAW.N : JP Morgan cuts to underweight from neutral * Principa
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Reuters - 5 days ago

Apple, Tesla lifts stocks to higher close in light pre-holiday trading

US STOCKS-Apple, Tesla lifts stocks to higher close in light pre-holiday trading Apple, Tesla drove S&P higher Manufacturing PMI weakens in June Chewy drops despite Keith Gill's stake disclosure Updates to 4 p.m. ET By Saeed Azhar, Ankika Biswas and Lisa Pauline Mattackal NEW YORK, July 1 (Reuters) - Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.
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Reuters - 6 days ago

U.S. stocks weekly: Halfway and higher

RPT-BUZZ-U.S. stocks weekly: Halfway and higher Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX breaks three-week winning streak, though edges lower just 0.1% .N ** That said, there have been first-half fireworks : Nasdaq composite .IXIC up 18.1% YTD, S&P 500 up 14.5%, Dow .DJI up 3.8% ** However, there are concerns as SPX may be hitting a wall, as dearth of 2% or more down days continues to dog traders ** This as the DJI streaked back toward 40k, and its highs, but th
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Reuters - 6 days ago

U.S. AT&T, ATI, California Resources

U.S. RESEARCH ROUNDUP-AT&T, ATI, California Resources July 1 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including AT&T, ATI and California Resources, on Monday. HIGHLIGHTS * AT&T Inc T.N : JP Morgan adds stock to its U.S. analyst focus list * ATI Inc ATI.N : JP Morgan removes stock from its U.S.
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Reuters - 6 days ago

French vote, China trade row cast cloud over European earnings

ANALYSIS-French vote, China trade row cast cloud over European earnings By Louis van Boxel-Woolf and Samuel Indyk LONDON, July 1 (Reuters) - French political uncertainty and an EU trade spat with China are casting a shadow over European corporate earnings, investors say, despite forecasts that companies are set to deliver better results. Second-quarter earnings for companies in the pan-European STOXX 600 .STOXX are seen rising 2% and revenues increasing by 1.7%, LSEG I/B/E/S data shows, in what
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Reuters - 1 week ago

Nike plots $100 sneaker line as shares plunge in worst-ever drop (June 28)

CORRECTED-UPDATE 1-Nike plots $100 sneaker line as shares plunge in worst-ever drop (June 28) Corrects June 28 story to say Nike is a sponsor of the U.S. Olympic and Paralympic Committee, not of the Paris Olympics, in paragraph 10 By Aishwarya Venugopal and Ananya Mariam Rajesh June 28 (Reuters) - Nike will roll out new $100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sal
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Reuters - 1 week ago

U.S. stocks weekly: Halfway and higher

BUZZ-U.S. stocks weekly: Halfway and higher ** S&P 500 .SPX breaks three-week winning streak, though edges lower just 0.1% .N ** That said, there have been first-half fireworks : Nasdaq composite .IXIC up 18.1% YTD, S&P 500 up 14.5%, Dow .DJI up 3.8% ** However, there are concerns as SPX may be hitting a wall, as dearth of 2% or more down days continues to dog traders ** This as the DJI streaked back toward 40k, and its highs, but then backed away ** And as for the IXIC, lagging internal strengt
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Reuters - 1 week ago

Wall Street ends lower as investors digest inflation data, presidential debate

US STOCKS-Wall Street ends lower as investors digest inflation data, presidential debate Traders add to Fed rate cut bets as inflation eases Nike slumps after results Infinera jumps after Nokia to buy company Indexes down: Dow 0.11%, S&P 0.41%, Nasdaq 0.71% Updates to 4:14 ET By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl June 28 (Reuters) - U.S.
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Reuters - 1 week ago

Wall Street ends lower as investors digest inflation data, presidential debate

US STOCKS-Wall Street ends lower as investors digest inflation data, presidential debate Traders add to Fed rate cut bets as inflation eases Nike slumps after results Infinera jumps after Nokia to buy company Updates to 4 p.m. ET By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl June 28 (Reuters) - U.S. stocks ended weaker on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S.
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Reuters - 1 week ago

Wall Street flat as investors digest inflation data

US STOCKS-Wall Street flat as investors digest inflation data Traders add to Fed rate cut bets as inflation eases Nike slumps after results Infinera jumps after Nokia to buy company Indexes down: Dow 0.3%, S&P 0.17%, Nasdaq 0.21% Updates throughout By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl June 28 (Reuters) - U.S. stocks were muted on Friday after an early rally fizzled as investors digested in-line inflation data, while Nike was set for its steepest one-day fall in over two de
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Reuters - 1 week ago

U.S. STOCKS Infinera, Landbridge, Tempus AI

BUZZ-U.S. STOCKS ON THE MOVE-Infinera, Landbridge, Tempus AI Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 touched record highs on Friday after an in-line inflation report strengthened hopes for interest rate cuts in September, while Nike was set for its steepest one-day fall in over two decades after a gloomy forecast.
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Reuters - 1 week ago

Nike hits over four-year low after surprise FY25 revenue drop forecast

BUZZ-Nike hits over four-year low after surprise FY25 revenue drop forecast Updates ** Shares of Nike NKE.N , the world's largest sportswear maker, plunge as much as 20.6 % t o $7 4.76, their lowest since March 2020 ** The stock is on track for its worst day, if losses hold ** The company forecast a surprise drop in FY25 revenue, hurt by weakening
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Reuters - 1 week ago

Nike plots $100-and-less sneakers to lure price-conscious shoppers (June 28)

CORRECTED-Nike plots $100-and-less sneakers to lure price-conscious shoppers (June 28) Corrects June 28 story to say Nike is a sponsor of the U.S. Olympic and Paralympic Committee, not of the Paris Olympics, in paragraph 11 By Aishwarya Venugopal and Ananya Mariam Rajesh June 28 (Reuters) - Nike will roll out new $100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back
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Reuters - 1 week ago

S&P 500, Nasdaq hit all-time highs; Nike slides after bleak forecast

US STOCKS-S&P 500, Nasdaq hit all-time highs; Nike slides after bleak forecast For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Traders add to Fed rate cut bets as inflation eases Nike slumps after results Infinera jumps after Nokia to buy company Indexes up: Dow 0.16%, S&P 0.27%, Nasdaq 0.31% Updated at 11:56 a.m.
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