Nike Results; Amazon Upgrade; Nvidia Nears Record
On this episode of Stock Movers:- Nike (NKE) shares are on the upswing this morning after forecasting a smaller-than-expected drop in revenue for the current quarter, a sign that the sportswear company’s earnings trend may have hit an inflection point, analysts say. That comes after a string of strategic moves from CEO Elliott Hill, including a refocusing on sports and a cleanup of inventories.- Lululemon (LULU) shares are being lifted by Nike's gains along with the broader retail sector. It comes after Lululemon recently announced layoffs.- Amazon (AMZN) is up this morning after it was…
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