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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.

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7 months ago

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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.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

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2 hours ago

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January 12, 2026

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Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.


This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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#EarningsSeason
#InflationWatch
#StockMarket
#BigBanks
#TechStocks
#CorporateEarnings
#InvestingNews
#EconomicData


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Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

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2 hours ago

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January 12, 2026

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Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.


Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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#Boeing #Aerospace #737Max #Dreamliner #AirlineIndustry #AviationNews #InvestorNews #AirTravel


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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%.

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5 days ago

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January 7, 2026

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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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#WallStreet #StockMarket #SP500 #DowJones #MarketRally #USMarkets #GlobalMarkets #TickerNews


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