Category: Market Summary

Nike (NYSE:NKE) – Nike shares fell 14.04% in pre-market trading. Nike exceeded fourth-quarter fiscal earnings estimates with adjusted earnings of $1.01 per share, but sales of $12.6 billion fell short of expectations. Annual revenue of $51.4 billion also missed the $51.6 billion target, despite adjusted earnings of $3.95 per share surpassing forecasts of $3.70 per…

With traders looking ahead to the release of closely watched inflation data, stocks turned in a lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session modestly higher. The Dow (DOWI:DJI) crept up 36.25 points or 0.1 percent…

Levi Strauss (NYSE:LEVI) – Despite the growing popularity of jeans, Levi Strauss reported second fiscal quarter revenues slightly below Wall Street expectations, with $1.44 billion versus the $1.45 billion expected. However, the company exceeded adjusted earnings per share expectations, with 16 cents versus the 11 cents predicted. The company increased its dividend by 8% and…

U.S. stocks closed slightly higher on Wednesday after a somewhat sluggish session as investors made cautious moves while awaiting the release of personal consumption expenditures price index report, due on Friday. Data on first quarter GDP, durable goods orders for the month of May, and jobless claims report are also due this week. The major…

Doordash (NYSE:DASH), Deliveroo (LSE:ROO) – Doordash, a US meal delivery company, expressed interest in acquiring the UK-based Deliveroo, but negotiations were terminated due to disagreements over the company’s valuation. Currently, there are no ongoing negotiations between the two companies. Comcast (NASDAQ:CMCSA) – Universal, a division of Comcast Corp., plans to build a large theme park in…

U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report on consumer income and spending, for more clarity about the outlook for Federal Reserve’s interest rates. Among the major averages, the Dow (DOWI:DJI) settled with a loss of 299.05 points…

SolarEdge Technologies (NASDAQ:SEDG) – SolarEdge Technologies faces a 13.1% drop in pre-market trading after announcing the issuance of $300 million in senior convertible notes due 2029 and revealing that PM&M Electric, a customer owing $11.4 million, has declared bankruptcy under Chapter 7. Novo Nordisk (NYSE:NVO) – Novo Nordisk announced the approval of Wegovy in China,…

U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income & spending due later in the week. Among the major averages, the Dow closed higher, extending gains to a fifth straight session. The index ended up by 260.88 points or 0.67 percent…

United Parcel Service (NYSE:UPS) – United Parcel Service will sell its Coyote Logistics unit to RXO for $1.025 billion. The transaction will be financed through equity and debt, including significant investments from MFN Partners and Orbis Investments. The sale allows UPS to focus more on its core business. Under Armour (NYSE:UAA) – Under Armour agreed…

Following the mixed performance seen in the previous sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow (DOWI:DJI) inched up 15.57 points…