Ross Drops, Nike Falls, Seagate Rises After Upbeat Investor Event
On this episode of Stock Movers:- Ross shares drop after second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.- Nike shares drop. Bloomberg Intelligence's tariff tracker shows Nike among the most affected companies. Just yesterday, shares were up after the company returned to Amazon.com’s online store following an absence since 2019. 50% of all Nike shoes and 28% of its apparel production in 2024 came from factories in Vietnam…
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