The Latest Breaking News from NKE

NIKE (NKE) faces margin pressures as consumers pull back on spending amid recession concerns. The company saw a significant decline in its bottom line in the last reported quarter. So, will it be worth investing in this sportswear giant now? Keep reading.

September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.27% this morning after three major U.S. benchmark indices ended the regular session mixed as investors weighed Fed Chair Jerome Powell’s hawkish signals, while bracing for another round of economic data.

Footwear giant NIKE (NKE) reported a 14% increase in revenues during the third quarter, but it still holds high inventory levels. With the company optimistic about its fiscal 2024 prospects, is the stock a buy, sell, or hold? Read on to learn my view….

Traders selling this put would receive $330 in option premium. In return for receiving this premium, they have an obligation to buy 100 shares of NKE for $110.

The Dow Jones fell Wednesday ahead of the Federal Reserve's rate decision and Fed Chair Powell's comments. GameStop rocketed on earnings.

Nike earnings fell less than expected, with China and inventories weighing on results. NKE stock fell early after ONON stock soared.

Stock market indexes all closed the day up over 1%, with Dow's Nike and Boeing leading the way. Caterpillar stock broke out of a flat base.

Futures rose on Nike earnings after the indexes halted their losing streaks. Tesla is trying to climb after diving again Tuesday.

Nike earnings beat views late Tuesday. NKE stock has rebounded almost 42% from a late-September low, but remain down about 30% for the year.