Jordan is driving Nike’s resale volume growth: buy NKE stock?
Nike’s (NKE) Jordan brand is gaining ground among sneaker resellers, offering an “encouraging” signal for a business still struggling to regain its footing.Citi’s tracking showed Nike captured 72.3% of resale…
Strategy stock (MSTR) falls as MSCI index exclusion threatens passive investments
Strategy (formerly known as MicroStrategy) stock (MSTR) fell on Friday as investors assessed the potential removal of the Bitcoin treasury company from MSCI’s global equity indexes, despite a rise in…
Apple shares rise after iPhone Duo pre-orders sell out within minutes
Apple AAPL shares edged higher after the company’s first foldable smartphone, the iPhone Duo, sold out shortly after preorders opened on Friday.At 11:05 AM EST, the stock was trading around…
Will higher interest rates slow AI spending soon? Here’s what investors must know
Stocks across the world are selling off again on Thursday in an already brutal week for AI stocks, which has been marked by investor jitters over the sustainability of AI…
Three stocks poised to beat estimates this earnings season
Third-quarter earnings season has opened unevenly. JPMorgan, Wells Fargo and Citigroup posted missed results this week, while UnitedHealth topped forecasts for both revenue and profit.Only 27 constituent companies of the…
Intel, AMD plummet further on Thursday: what’s behind the fall?
Intel INTC and Advanced Micro Devices shares extended their losses on Thursday as the semiconductor sell-off continued across the sector, with even Taiwan Semiconductor Manufacturing Co.’s record quarterly results failing…
Netflix announces layoffs: another sign of distress?
Netflix (NFLX) is laying off about 6% of its global workforce, or roughly 1,000 of its employees, adding another uncomfortable headline to its ongoing struggle with slowing growth.These job cuts,…
Why are Dell and HPE stocks plunging today?
Shares of Dell Technologies (DELL), Hewlett Packard Enterprise (HPE) and NetApp (NTAP) fell in trading on Wednesday after Barclays downgraded all three stocks, citing elevated valuations and a lack of…
Jim Cramer reveals his favourite post-earnings bank stocks
Influential investor Jim Cramer is sticking with Goldman Sachs (GS) and Wells Fargo (WFC) after their Q3 earnings prompted contrasting reactions on Wall Street.In the most recent Investing Club morning…
Morgan Stanley stock selloff cools ahead of earnings, options market targets $205
Morgan Stanley stock has slipped substantially in the past few weeks as enthusiasm about mergers and acquisitions (M&A) and IPOs cooled. MS initially jumped to $230 in July and then…