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Read previewGetting access to fertility benefits through your employer used to feel like a luxury reserved for workers at major tech companies. Many companies offer fertility benefits by partnering with providers like Progyny and Carrot, which offer customizable plans. Related storiesOffering great fertility benefits is one way companies can compete for top talent, especially millennials and younger professionals. A recent HR Brew/Harris Poll found that, overall, 63% of respondents thought companies should offer fertility benefits to employees. AdvertisementAnevski expects the number of businesses and industries offering fertility benefits will only increase, especially as top talent comes to expect it as part of a desirable job.
Persons: , Pete Anevski, it's, Progyny, Anevski, Megan Garner, Carrot, Garner, Fortune, Mercer, Harris, Gen Organizations: Service, Business, Microsoft, Google, Nike, Carrot, Progyny Locations: West Coast
The higher the PE ratio, the more investors believe the business will generate strong earnings growth in the future to justify the price today. Even excluding the technology sector, which trades at a robust 30.8 times earnings, the market's PE is a solid 18.3 times next year's earnings, according to FactSet. One place investors scour is the list of low PE stocks, which they perceive as offering attractive value because they are "cheap." First, when growth stocks are in their early stage of expansion, they can grow earnings in the high double-digits range. Then, we grouped these equities into quintiles based on their relative PE ratio from highest (1 st quintile) to lowest (5 th quintile).
Persons: Karen Firestone Organizations: Microsoft, Apple, Nike, Asset Management, Traders, New York Stock Exchange
But it is slightly unusual for people to talk as much about the ball as they have about the Adidas Fussballliebe Pro EURO 2024 match ball, to give it its full name, as they have in Germany of late. “I’ve not heard any goalkeeper complain about the ball, other than saying it’s a really, really quick ball, which is something you just deal with,” said the former Denmark and Manchester United goalkeeper Peter Schmeichel, whose son Kasper is the current Danish No 1. “Normally, when you have a new ball, the opinions are divided but (goalkeepers) don’t think it’s a bad ball. But while this is all great fun — and even better advertising — “combined ball technology” is not actually new. Kylian Mbappe practises with the Euro 2024 match ball at France’s pre-tournament training camp (Franck Fife/AFP via Getty Images)In terms of the ball’s aesthetics, it’s fine.
Persons: “ It’s, Harry Kane, , Kose, “ I’ve, , Peter Schmeichel, Kasper, don’t, it’s, Roberto Rosetti, Denmark’s Joachim Andersen, Lukaku’s, Lois Openda, ” Marc Makowski, Erik Janza’s, David Jurasek, Denmark’s Morten Hjulmand, Schmeichel, Gianluigi, ” Gianluigi Donnarumma, Dean Mouhtaropoulos, Kylian, Franck Fife, Thierry Henry, Marc, Charlotte Harpur Organizations: Adidas Fussballliebe, Adidas, European Football, Getty, Manchester United, UEFA’s, RB Leipzig, , Turkey, England, Spain, New Zealand, France’s, UEFA, FIFA, Telstar Locations: Germany, AFP, Denmark, South Africa, Belgium, Slovakia, Slovenia, Czech, Spain, Italy, Qatar, Australia, New
Nike is struggling to get its stride back
  + stars: | 2024-06-29 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +5 min
One answer rests in what the company calls its "lifestyle" business — basically, shoes and clothing meant for casual wear. Related storiesWhile revenue from performance products grew in Q4, declines in its lifestyle business overshadowed them, contributing to the worse-than-expected results. AdvertisementIn its last fiscal year, lifestyle products have grown to about 60% of Nike's business, UBS analyst Jay Sole estimates. "One of our big takeaways from Nike's 4Q report is its lifestyle business needs a major reset," Sole said. While CFO Friend said management is "confident that we are repositioning Nike to be more competitive," investors have yet to be convinced.
Persons: , Matthew Friend, Friend, John Donahue, Jay Sole, Donahue, Jefferies, Randal Konik, Simeon Siegel, we're Organizations: Service, Business, Nike, Reuters, UBS, Nike's, Street, BMO Locations: China, Portland, Nike's
Christopher Royster, left, and JT Smith, athletes who participate in Bandit Running's Unsponsored Project, at the 2024 Olympic trials in Eugene, Oregon. There's an army of unsponsored athletes commanding attention at the U.S. Track & Field Olympic Trials this year, decked out in all-black, logo-less gear. Unsponsored athletes in track and field would typically purchase their own apparel bearing the emblems of major brands, effectively providing free advertising for the companies. Instead, Bandit Running offers Olympic hopefuls the all-black kits and warmups — along with short-term endorsement deals. After winning a gold medal in the 2016 Rio Olympics and being sponsored by Nike for four years, Okolo, 30, is embracing the Unsponsored Project.
Persons: Christopher Royster, JT Smith, There's, Tim West, Bandit, Bandit's, West, Courtney Okolo Organizations: U.S, West, CNBC, Nike Locations: Eugene , Oregon, U.S
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. People are still spending money, but there's an uncomfortable awareness that years of price hikes mean each dollar doesn't go as far as it used to. "This consumer remains very cautious, specifically when you think about larger ticket discretionary purchases," he told Oppenheimer analysts Wednesday. "Why have people who are having a hard time paying their rent have to pay more for our drink?"
Persons: , they're, Joseph Lewis, Marvin Ellison, Oppenheimer, John David Rainey, Federal Reserve Banks, San Francisco Fed, Don Vultaggio Organizations: Service, Business, Bloomberg, Nike, Walgreens, Walmart, Federal Reserve, San Francisco, Philadelphia Fed, Iced Tea Locations: San Francisco, Philadelphia
A 15% year-to-date total return in the S & P 500 is the 21 st best run through June since 1900, according to Goldman Sachs. The S & P 500 since the October 2023 correction low is up 33% for an annualized total return pace of 56%. The S & P has gone eight sessions without a move of as much as half a percent. True in magnitude: The market-cap-weighted S & P 500 has outgained its equal-weighted version by more than ten percentage points this year. Not only haven't up days been broadly inclusive, the direction of the S & P 500 has been running inverse to the daily breadth over the past month.
Persons: Goldman Sachs, Sharpe, it's, we'd, I've, What's, Jeff deGraaf, Trump, We've, Poor's, what's Organizations: Nvidia, Walgreens, Nike, Apple, Technology, Communication Services Locations: hiccups
The U.S. stock market will be closed Thursday for the Fourth of July holiday. Economic data The main event is Friday's June nonfarm payrolls report, which is among the most important monthly data releases for investors. The ADP report isn't as market moving as the nonfarm payrolls report, but expect investors to use to game the nonfarm payrolls report out later in the week. The June ISM Services report on Wednesday also will shed light on services in the U.S. economy. ET: Nonfarm Payrolls (Jim Cramer's Charitable Trust is long STZ.
Persons: Dow, we're, Jim Cramer, Donald Trump, Joe Biden, Democrats —, Thursday's, , we'll, nonfarm payrolls, Dow Jones, Payrolls, Jim Cramer's, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, Walgreens, Nike, Republicans, Democrats, Energy, Utilities, Constellation Brands, Labor, Corona, Cinco, Industrial, Markets, CNBC, Bloomberg, Getty Locations: U.S
A solar stock and an apparel giant were among the names being talked about by analysts on Friday. Meanwhile, Deutsche Bank increased its price target on First Solar. NKE 1D mountain NKE falls Stifel downgraded Nike stock following results to hold from buy and reduced their price target to $88 per share from $117. — Brian Evans 5:47 a.m.: Deutsche Bank raises First Solar price target First Solar shares have been on a tear this quarter, and Deutsche Bank expects even more gains ahead. The bank reiterated its buy rating on the solar stock and raised its price target to $280 from $215.
Persons: Richard Choe, Choe, — Brian Evans, Morgan Stanley, Lee Simpson, Simpson, Wells, Ike Boruchow, Jim Duffy, Jay Sole, Corinne Blanchard, Fred Imbert Organizations: CNBC, Nike, Deutsche Bank, JPMorgan, Realty Trust JPMorgan, Digital Realty, Management, Realty Trust, 1Q, UBS Locations: China, Thursday's
In the wake of a contentious debate between President Joe Biden and former President Donald Trump on Thursday night, CNBC's Jim Cramer described how the vibe of the market could change if Trump returned to the White House. Cramer noted that Trump is broadly amiable to gas and oil, pointing to companies like New Fortress Energy and Cheniere . Cramer said as long as he's known Trump, the GOP candidate has had a keen interest in the market. "He loved bantering about the stock market, appeared on this show many times, because even though he was in real estate, he enjoyed stocks," Cramer said. Former President Trump's campaign did not immediately respond to a request for comment.
Persons: Joe Biden, Donald Trump, CNBC's Jim Cramer, Trump, Cramer, bode, Trump's Organizations: Kroger, Albertsons, Capri, New Fortress Energy, Republican, Nike, Starbucks, GOP Locations: China
3-Stock Lunch: Nike, Chewy & Arista Networks
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Nike, Chewy & Arista NetworksEva Ados, ERShares COO, joins 'Power Lunch' to discuss stock plays for three stocks.
Persons: Arista Networks Eva Ados Organizations: Nike, Chewy, Arista Networks
Nike stock plunges amid lackluster sales forecast
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike stock plunges amid lackluster sales forecastBob Drbul, Guggenheim Securities senior managing director, joins ‘Squawk Box’ to discuss Nike as the company's stock plunged following their projection of a more significant sales decline next year.
Persons: Bob Drbul Organizations: Nike, Guggenheim Securities
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney on radar: Shares of Club name Disney dropped 3% on Friday, breaching the $100 level that Jim Cramer has in recent weeks identified as a favorable price to buy more stock. Solar praise: Analysts at Susquehanna offered upbeat commentary Friday on our newest stock: Nextracker , which joined the portfolio a day earlier . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Disney Cruise Line's Disney Dream is seen docked in Port Canaveral, Florida, on July 30, 2021.
Persons: Jim Cramer, Dow, Jim, Jim's, Donald Trump's, Trump, Cramer, Jerome Powell, he's, Powell, Joe Biden, Morgan Stanley, Jim Cramer's, Joe Burbank, Mark Gauert Organizations: CNBC, ., Federal, Nasdaq, Dow Jones, Nike, Dow, Nvidia, Apple, Broadcom, Disney, House, Trump, Susquehanna, Microsoft, Jim Cramer's Charitable, Disney Cruise, Orlando Sentinel, Tribune, Service, Getty, Sun Sentinel Locations: U.S, Nextracker, Wells Fargo, Port Canaveral , Florida
As Wall Street digested the dismal outlook from the world's largest sportswear company, at least six investment banks downgraded Nike's stock. Analysts at Morgan Stanley and Stifel took it a step further, specifically calling the company's management into question. The company also said it expects fiscal 2025 sales to be down mid-single digits when it previously expected them to grow. If you ask Phil Knight, Nike's founder and its chairman emeritus, Donahoe is doing just fine. "I am optimistic in Nike's future and John Donahoe has my unwavering confidence and full support."
Persons: Jim Duffy, Morgan Stanley, Stifel, Donahoe, Matt Friend, That's, Hoka, Jessica Ramírez, Jane Hali, Nike didn't, they've, Kevin McCarthy, Neuberger Berman, CNBC's Scott Wapner, " McCarthy, They've, you've, it's, he's, Phil Knight, John Donahoe Organizations: Nike, eBay, Air Force, Air, Associates, CNBC Locations: 2HCY25, China, , U.S
Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Trump Media & Technology — Shares of Trump Media & Technology Group declined about 2%, reversing an earlier gain on the heels of the first presidential debate between former President Donald Trump and President Joe Biden. Infinera — Shares of the networking solutions supplier rallied 18% after Nokia announced its plans to acquire the company for $2.3 billion. Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral.
Persons: Donald Trump, Joe Biden, Infinera, Baird, Brennan Crowley, — CNBC's Michelle Fox, Alex Harring, Samantha Subin Organizations: Nike, LSEG, Trump Media & Technology, Trump Media & Technology Group, Nokia, SAP —, BMO Capital, Digital Realty Trust, JPMorgan, Realty Trust
Wells Fargo reiterates Nvidia as overweight Wells said it's sticking with its overweight rating on the stock. "We initiate coverage of net lease REIT Essential Properties (EPRT) with a Buy rating and $33.00 12-month price target. Citi reiterates Apple as buy Citi moved the tech giant up a spot to its number 2 top pick. Wells Fargo reiterates Amazon as buy Wells raised its price target on Amazon to $239 per share from $234. "We initiate coverage of Intuitive Machines, Inc. (LUNR) with a Buy rating and a 12-month price target of $8 per share."
Persons: Raymond James, Deere, it's, Morgan Stanley downgrades Nike, Morgan Stanley, Wells, Goldman Sachs, Goldman, Oppenheimer, Riley, Piper Sandler, Piper, managements, it's bullish, Rosenblatt, ASML Organizations: Deutsche Bank, Deutsche, Nvidia, Properties Realty Trust, Apple, Citi, Xerox, JPMorgan, Realty Trust, Inc, Travelers, Susquehanna, Nextracker, BMO, SAP Locations: Americas, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Nike hasn't innovated' and faces challenges to regain growth, says Stacey's WidlitzStacey Widlitz, SW Retail Advisors founder, joins CNBC's 'The Exchange' to discuss Nike's revenue miss, challenges the company is facing, and more.
Persons: Nike hasn't, Stacey's Widlitz Stacey Widlitz Organizations: Nike, Retail Advisors
CNBC's Jim Cramer said Friday there are stocks and sectors that would benefit if Donald Trump were to become president again. If you think Trump will win the White House, Cramer said, "That means you can go buy the banks. That means you can go buy the natural gas and energy stocks," as well as Big Tech. Cramer also said Tesla might fare better under Trump and Biden because Trump is not pro-union. China Trump has said he would be even tougher on China if he were re-elected.
Persons: CNBC's Jim Cramer, Donald Trump, Cramer, , Joe Biden, Biden's, Biden, he's, Rather, Trump, Banks, Wells Fargo, Morgan Stanley, Nextracker, China Trump Organizations: Trump, Investing Club, Top, CNBC, White, Big Tech, Biden, Kroger, Albertsons, Capri, Disney, Club, House . Energy, New, Energy, Ford, The, Nike, Starbucks Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNagel: This is likely the last bad report for Nike, a clearing eventOppenheimer's Brian Nagel discusses Nike's disappointing quarter and whether the company will be able to leverage events like the Paris Olympics to boost sales.
Persons: Email Nagel, Brian Nagel Organizations: Nike, Paris Olympics
Opening a high-yield savings account can be a game-changerWhile 68% of Americans have a standard savings account, according to Forbes, fewer take advantage of high-yield accounts that offer better returns. Although you can choose to receive a physical titanium Apple Card, it's also automatically built into Apple Wallet on iPhone. 3 To access Savings, Apple Card Owners and Co-Owners must open a Savings account. To access and use all Apple Card features and products available only to Apple Card users, you must add Apple Card to Wallet on an iPhone or iPad that supports and has the latest version of iOS or iPadOS. If you reside in the U.S. territories, please call Goldman Sachs at 877-255-5923 with questions about Apple Card.
Persons: it's, Cash, Goldman Sachs Organizations: Economic, Forbes, Apple, Apple Pay, Insider Studios, Apple Card, Savings, Goldman Sachs Bank, Branch, Member FDIC, Daily, Apple Cash Card, Minor Outlying, Merchant, Nike Locations: Salt Lake, American Samoa, Guam, Northern Mariana Islands, United States, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike's culture has to be rebuilt, says Williams Trading's Sam PoserSam Poser, Williams Trading analyst, joins 'Squawk on the Street' to discuss Nike after the shoe brand company tumbled on weak guidance in their latest earnings report.
Persons: Williams, Sam Poser Sam Poser Organizations: Williams Trading, Nike
CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
  + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nike warningShares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter. Roaring Kitty, back againChewy shares experienced a rollercoaster ride on Thursday, soaring as much as 34% following a cryptic post by meme stock influencer Roaring Kitty, before falling back into negative territory.
Persons: Matthew Friend, Nike's, Tim Wentworth, Kitty, CNBC's Michelle Fox Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Micron, Nvidia, Treasury, Nike, Walgreens, BCA Research Locations: New York City, U.S, Israel, Lebanon, Greater China, China
Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former president Donald Trump and President Joe Biden. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing "high visibility" into bookings and revenue.
Persons: Donald Trump, Joe Biden, Infinera, , Jesse Pound Organizations: Nike — Nike, Trump Media & Technology, Nokia, JPMorgan, Realty Trust, SAP, BMO Capital Markets
The third quarter starts on Monday with corporate earnings trends largely intact, but showing early signs of trouble in tech land. The good news: for the big-cap tech companies that are truly dominating the market ( Apple , Microsoft , Alphabet , Nvidia , etc.) Still no recession, in the economy or in earnings So far, we have a deceleration in big-cap tech earnings and clear signs the consumer wants lower prices. Earnings trends for tech may still be rising (even if it is decelerating), but the rest of the market is generally flattish on earnings. Earnings: rising Positive Tech earnings: rising but decelerating Negative Job growth: strong but moderating Positive Interest rates: moderating Positive Inflation: moderating Positive Consumer: increasingly cautious Negative
Persons: Jensen, Nick Raich, it's, Raich, Lori Calvasina, We've, I've, you've, Levi Strauss, General Mills, Tim Wentworth, Taco Bell, Mills Organizations: Apple, Microsoft, Nvidia, Big, Meta, Jensen Huang's, Scout, U.S, Equity, RBC Capital Markets, CNBC, Nike, Walgreens, Micron, FedEx, General, . Companies, Southwest Airlines, Pool Corp, Urban Outfitters, Yum Brands
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Lorraine Hutchinson on Nike: This was a much 'bigger reset' than we had expectedLorraine Hutchinson, Bank of America analyst, joins 'Money Movers' to discuss Nike's latest earnings and more.
Persons: BofA's Lorraine Hutchinson, Lorraine Hutchinson Organizations: Nike, Bank of America
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