Here are some of the stocks the Yahoo Finance team is watching for you on this Friday before the holiday weekend.
We’ve got earnings in focus. Shares of Nike (NKE) are jumping today as the sportswear giant reported stronger-than-expected earnings and revenue. Nike also confirmed that deal to sell shoes directly through Amazon (AMZN).
And shares of Micron Technology (MU) have lost the premarket mojo sparked by the chipmaker beating on both its top and bottom lines. Micron’s CEO cited the company’s cost-reduction plans and strong demand for memory chips as catalysts for its improved outlook. The stock has surged more than 40 percent so far this year.
Shares of Hain Celestial (HAIN) are also surging today. That’s after activist investor Engaged Capital disclosed a 9.9 percent stake in the organic food company. The hedge fund is pushing for changes to the board and wants Hain to consider selling itself.
Finally we’re keeping an eye on shares of Microsoft (MSFT), as the software giant is reportedly planning to unveil a major reorganization on July 5, according to Puget Sound Business Journal. It’s all a move to better align the company with its cloud-first strategy, with more focus on Azure.