52.69 0.00 (0.00%)
After hours: 4:52PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.48 - 52.80|
|52 Week Range||49.01 - 60.53|
|PE Ratio (TTM)||20.99|
|Forward Dividend & Yield||0.72 (1.38%)|
|1y Target Est||N/A|
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss current headwinds for US equities, including the nomination of a new (or same) Federal Reserve Chair in a few weeks.
Apple’s (AAPL) stock is under pressure on reports that the tech giant is having some issues with its LTE Watch and demand for the iPhone 8. China’s government has reportedly cut LTE access to the Apple Watch Series 3 over government security concerns. According to the Wall Street Journal, the cellular service was available exclusively to qualified China Unicom customers when the watch went on sale September 22, but new subscriptions after September 28 were cut off without explanation. In a separate report, Reuters, citing Taiwan’s Economic Times, warns the tech giant is cutting production of its iPhone 8.
Walmart is close to a deal to partner with Lord & Taylor, according to the Wall Street Journal. If it goes through, the department store would be able to sell items on Walmart.com. Yahoo Finance’s Alexis Christoforous, Ethan Wolff-Mann and Dan Roberts figure out if this is a smart business strategy.
Nike inventories are too high at its brick-and-mortar stores, forcing hefty discounts, said Goldman Sachs, which downgraded the athletic apparel and shoe giant to neutral.
Nike Inc (NYSE: NKE ) has been downgraded by Goldman Sachs from a Buy rating to a Neutral one ahead of the company’s investor day on Oct. 25. Goldman Sachs analyst Lindsay Drucker Mann expects Nike shares ...
It's a tale of two sneaker stocks today: Goldman Sachs downgraded Nike (NKE), while Oppenheimer reiterated a bullish stance on Adidas (ADDYY), although the two stocks aren't reacting as you might think. Goldman's Lindsay Drucker Mann and her team cut their rating on Nike to Neutral from Buy, maintain a price target of $54. Mann writes that the shares will be range-bound as Nike works through excess inventory in the U.S., but at the same time valuation will be supported in the low-20 area.
For more than a year, Nike and other active wear companies have been lagging the market as consumers are finding their shoes and apparel in other brands. Despite the strength that Nike stock saw in the summer, the technicals just signaled a “Death Cross” as the stock’s 50-day moving average crossed below the 200-day moving average. The $51-price-point has been a chart support level being defended by the technical traders.
Stocks dropped hard at Thursday's open, as undertow from global markets, company news and mixed early earnings reports took a toll.
Wall Street was set to open lower on Thursday, a day after the major indexes scaled new highs, as heavyweight technology stocks Apple and eBay slipped. Apple shares slid 1.72 percent in premarket trading amid concerns over demand for iPhone 8 and iPhone 8 Plus. "People think that October is a scary time and they should take profits, maybe that is what's happening with the tech stocks," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
The Dow looks set to drop around 100 points as U.S. markets look to follow international stocks lower this morning. S&P 500 futures have fallen 0.5% , while Dow Jones Industrial Average futures have declined ...
Shares of Nike Inc. slid 1.6% in premarket trade Thursday, after Goldman Sachs downgraded the stock to neutral from buy, saying it expects them to be range-bound as the company works through excess stock ...
U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash. * Apple shares ...