Money

Nike stock surges 17% after promising turnaround update

Nike’s stock surged 17% after CEO reassured investors of an imminent recovery despite ongoing challenges and inventory issues.

Published

7 months ago

June 28, 2025

Ahron Young

Nike’s stock surged 17% after CEO reassured investors of an imminent recovery despite ongoing challenges and inventory issues.

In Short:
Nike’s stock rose 17% after a better-than-expected earnings report, despite a difficult fourth quarter. CEO Elliott Hill expressed optimism for future improvements due to new strategies, including better product launches and enhanced relationships with retail partners.

Nike’s stock experienced a 17% increase on Friday following an earnings report that exceeded expectations, indicating the company is moving past its recent challenges.

The fourth-quarter report revealed substantial declines, including a 12% drop in sales and an 86% decrease in net income. However, CEO Elliott Hill reassured investors that the worst is over and improvements are anticipated in upcoming quarters.

Despite a poor fourth quarter, Hill emphasised the effectiveness of the ‘Win Now’ turnaround plan initiated 90 days ago. Initial reactions to the earnings report were negative, but optimism grew during the earnings call, leading to a significant rise in stock value.

Product launches

Hill also highlighted advancements in product launches and efforts to rebuild relationships with wholesale partners as central to the company’s strategy. Nike has re-engaged with Amazon for product sales and made strides in appealing to female consumers, evidenced by successful launches in women’s shops.

Following positive remarks from several banks, including HSBC upgrading Nike’s stock rating, the company’s outlook became more promising. HSBC raised its price target for Nike, indicating potential growth.

Money

Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

Published

5 days ago

January 7, 2026

Harvey Vargas

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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Money

Dow hits record after U.S. military action in Venezuela

Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.

Published

6 days ago

January 6, 2026

Harvey Vargas

Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.

The Dow Jones Industrial Average surged nearly 600 points to a record close following U.S. military action in Venezuela. Investors responded positively, signalling confidence that the geopolitical situation would not spiral out of control.

Stocks rallied alongside rising crude oil prices, with energy companies like Chevron and Exxon Mobil leading the gains. Analysts noted that oil infrastructure rebuilding in Venezuela could provide long-term benefits for the sector.

Despite the bullish market reaction, gold futures also rose, suggesting that some traders remain cautious amid global uncertainties.

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Money

Wall Street eyes further gains in 2026 as rate cuts fuel optimism

Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.

Published

7 days ago

January 5, 2026

Harvey Vargas

Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.

Wall Street is entering 2026 with renewed confidence as falling interest rates and robust corporate earnings lift expectations for continued stock market gains. Analysts say an easier monetary policy is providing fresh momentum for equities after several strong years.

The US economy has continued to show resilience, with businesses maintaining healthy balance sheets and earnings growth holding up despite global uncertainty. Lower borrowing costs and supportive fiscal settings are expected to further boost investor sentiment.

However, market watchers remain cautious, warning that optimism could fade quickly if economic data disappoints or inflation pressures return.

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