Nike Stock Is at Its Cheapest in a Decade. It Will Make a Comeback.
Rival shoe maker Adidas has outperformed Nike in 2024. But the maker of Air Jordans and other sneakers and apparel can rebound.
Alphabet Stock Dropped After Stellar Earnings. Finally, an Opportunity to Buy.
The company handily beat estimates on earnings and sales. It wasn't enough. The stock dropped 5% on Wednesday and is now off more than 9% from its peak on July 10.
Rupert Murdoch Plan to Give Control to Son Lachlan Triggers Family Legal Battle
Media titan seeks to amend trust through which he controls News Corp and Fox.
Online Education Pioneer 2U Files for Chapter 11 Bankruptcy
The company, which had a valuation of more than $5 billion in 2018, is being taken private in a deal that will wipe out more than half of its $945 million debt.
Stellantis Mulls Price Cuts As Bottom Line Misses Forecasts
Stellantis posted a steep drop in first-half net profit as its cars sat at dealerships in North America, prompting the company to consider price cuts.
Nestle Lowers Sales Guidance as Shoppers Seek Cheaper Goods
The Swiss food producer said pricing was being pressured by increased promotional activity, among other things, and that it now expected to report organic sales growth of at least 3% this year, from around 4% previously.
Unilever Boosted by Margin Improvements Despite Underlying Sales Miss
Unilever reported underlying sales growth in the first half that came in slightly below forecasts, but its shares rose as analysts cheered the improvement in its margins.
Tesla Supplier STMicroelectronics Cuts Guidance Again
STMicroelectronics slashed its sales and margin forecasts for the year once again as it continues to face lackluster demand for chips from the automotive industry.
Nissan Motor Cuts Sales, Profit Forecasts After Weak Quarter
The Japanese automaker lowered its annual vehicle-sales and profit forecasts.
Berkshire Hathaway Sells More Bank of America Stock
Warren Buffet has been selling shares of his second-largest holding in recent days.
(END) Dow Jones Newswires
July 25, 2024 05:00 ET (09:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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