nike stock price

Summary:

  • China’s effect on Nike’s supply chains.
  • Take-aways from the earnings report.

Three take-ways from Nike's fourth quarter earnings report

Nikes share price is down 2% on Tuesday in the wake of their fourth quarter earnings report. The earnings of the athletic apparel brand has been negatively affected by the impact the Covid-19 lockdowns have had on supply chains and how Nike manages their inventories. In addition, concerns around a looming recession and soaring commodities prices are all contributing to consumer and investor risk-off sentiment, however, Nike's earnings have shown consumers willingness to spend on athletic wear.

Nike’s full-year and fourth quarter earnings reported above analyst expectations, in addition, their digital sales grew by 15%, one of the driving factors being social media exposure. Nike has new apparel that is designed to reduce their carbon footprint, on the way. Nike also made it clear that China’s apprehensions will affect the annu

The Japanese Yen Retreats as USD/JPY Gains Momentum

Stocks: Will (NYSE: NKE) Nike Stock Price And Micron Stock Soar!? Earnings Season Is Coming! Russia-Ukraine War Can Affect Crude Oil Prices | Swissquote

Swissquote Bank Swissquote Bank 27.06.2022 11:17
Asian stocks kicked off the week on a bullish note to catch up with the American session gains on Friday. Softening oil and commodity prices, combined with the softening University of Michigan expectations on five-year inflation survey, and quarterly rebalancing of portfolios explained gains. BUT, the size of the rebound remains worrying, the market volatility remains high, and the gains may not last long. Russia bombed Kiev this weekend, as a sign of a renewed escalation in the Ukraine war. G7 leaders hinted at more sanctions against Russia. News of further escalation between Russia and the West is pushing oil prices higher this morning. Investor attention will slowly start shifting to the second quarter earnings to give a better idea on how the Fed tightening and the persistent inflation impacted the company earnings in the latest quarter. Nike and Micron will be in focus this week, as US banks are due to release earnings in about two weeks. Watch the full episode to find out more! 0:00 Intro 0:24 Market update 2:46 Oil up on rising tensions in Ukraine 4:56 Macroeconomic events to watch this week 7:02 Nike & Micron to release earnings Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Crude #oil #Russia #Ukraine #war #inflation #recession #economic #corporate #data #earnings #season #Nike #Micron #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH  

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