Nike Should See Healthier Business Over Medium-Term Amid Market Reset -- Market Talk

Dow Jones06-29

1243 ET - Nike is facing a slowdown in lifestyle sales head-on rather than letting inventory linger, which should help create a healthier business over the medium term, say Lorraine Hutchinson and Christopher Nardone, analysts at BofA Securities, in a research note. The sneaker and sportswear giant's marketplace reset is already underway, and the analysts say they see early signs that innovation is resonating. They cite performance product up double-digits in 4Q and excitement around later product launches including the Pegasus Premium and Vomero 18, among other indications. Shares dive 20% to $75.71, putting it on pace for its lowest close since March 2020, as well as the worst performer in the Dow Jones Industrial Average and S&P 500. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

June 28, 2024 12:43 ET (16:43 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2447163814?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-29 00:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2447163814","market":"sh","top_or_hot":-1,"title":"Nike Should See Healthier Business Over Medium-Term Amid Market Reset -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1243 ET - Nike is facing a slowdown in lifestyle sales head-on rather than letting inventory linger, which should help create a healthier business over the medium term, say Lorraine Hutchinson and Christopher Nardone, analysts at BofA Securities, in a research note. The sneaker and sportswear giant's marketplace reset is already underway, and the analysts say they see early signs that innovation is resonating. They cite performance product up double-digits in 4Q and excitement around later product launches including the Pegasus Premium and Vomero 18, among other indications. Shares dive 20% to $75.71, putting it on pace for its lowest close since March 2020, as well as the worst performer in the Dow Jones Industrial Average and S&amp;P 500. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 28, 2024 12:43 ET (16:43 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike Should See Healthier Business Over Medium-Term Amid Market Reset -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike Should See Healthier Business Over Medium-Term Amid Market Reset -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-29 00:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1243 ET - Nike is facing a slowdown in lifestyle sales head-on rather than letting inventory linger, which should help create a healthier business over the medium term, say Lorraine Hutchinson and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4534","symbol_name":"瑞士信贷持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2447163814","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2447163814","pubTimestamp":1719592980,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1243 ET - Nike is facing a slowdown in lifestyle sales head-on rather than letting inventory linger, which should help create a healthier business over the medium term, say Lorraine Hutchinson and Christopher Nardone, analysts at BofA Securities, in a research note. The sneaker and sportswear giant's marketplace reset is already underway, and the analysts say they see early signs that innovation is resonating. They cite performance product up double-digits in 4Q and excitement around later product launches including the Pegasus Premium and Vomero 18, among other indications. Shares dive 20% to $75.71, putting it on pace for its lowest close since March 2020, as well as the worst performer in the Dow Jones Industrial Average and S&P 500. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","NKE":"耐克","BK4581":"高盛持仓","BK4146":"鞋类","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4588":"碎股","BK4566":"资本集团","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4558":"双十一","LU0823411888.USD":"法巴消费创新基金 Cap","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4561":"索罗斯持仓"},"translate_title":"在市场重置期间，耐克应该会看到中期业务更加健康——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NKE":1},"content_text":"1243 ET - Nike is facing a slowdown in lifestyle sales head-on rather than letting inventory linger, which should help create a healthier business over the medium term, say Lorraine Hutchinson and Christopher Nardone, analysts at BofA Securities, in a research note. The sneaker and sportswear giant's marketplace reset is already underway, and the analysts say they see early signs that innovation is resonating. They cite performance product up double-digits in 4Q and excitement around later product launches including the Pegasus Premium and Vomero 18, among other indications. Shares dive 20% to $75.71, putting it on pace for its lowest close since March 2020, as well as the worst performer in the Dow Jones Industrial Average and S&P 500. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 28, 2024 12:43 ET (16:43 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2447163814"}