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Investing.com24d agobearish
Truist downgrades Nike as DKS update clouds turnaround progress

Investing.com -- Truist cut its rating for Nike (NYSE: NKE) to Hold from Buy in a note Wednesday and lowered its price target to $42 from $47, saying an update from Dick's Sporting Goods (NYSE: DKS) has muddied the picture on the sportswear group's recovery.

Figs, Funko, Caleres, Nike, and Genesco Stocks Trade Down, What You Need To Know
StockStory25d agoneutral
Figs, Funko, Caleres, Nike, and Genesco Stocks Trade Down, What You Need To Know

A number of stocks fell in the morning session after Dick's Sporting Goods reported weaker-than-expected quarterly earnings and warned of rising inventory levels that are forcing heavy promotional discounting across the athletic retail sector. Shares of athletic footwear and apparel makers retreated after Dick's Sporting Goods reduced its full-year profit outlook according to the company’s press release, signaling broader margin pressures across the sportswear market. Retail executives noted tha

Just Style25d agoneutral
Jobs at risk as Nike foam supplier offshores production

UK footwear foam manufacturer Zotefoams, which supplies global brands including Nike, has reportedly entered a consultation phase which could see 100 jobs at risk as it looks to offshore production to Vietnam.

3 Consumer Stocks That Fall Short
StockStory26d agobearish
3 Consumer Stocks That Fall Short

Consumer discretionary businesses are levered to the highs and lows of economic cycles. Over the past six months, it seems like demand may be facing some headwinds as the industry’s 6.2% return has lagged the S&P 500 by 4.8 percentage points.

NIKE, Inc. (NYSE:NKE) Vs On Holding (NYSE:ONON) – Here’s What Jim Cramer Thinks
Insider Monkey27d agoneutral
NIKE, Inc. (NYSE:NKE) Vs On Holding (NYSE:ONON) – Here’s What Jim Cramer Thinks

NIKE, Inc. (NYSE:NKE) and On Holding (NYSE:ONON) are two firms competing with each other in a David versus Goliath scenario. Both the stocks are down by more than 35% year-to-date. Starting from the former, Cramer has discussed the firm several times over the past couple of months. He has focused on the firm’s ongoing turnaround […]