News Summary

• The Dow Jones retailer expects fiscal 2024 revenue growing approximately 1% and continues to predict gross margins to expand around 140-160 basis points.Nike's forecast of nearly flat revenue growth is based on "increased macro headwinds," particularly in Greater China and other international markets..
• It's possible that Nike stock could forge a handle.Nike stock has been consolidating since May, but has rebounded nearly 40% from its September low.On Dec. 11, Citigroup upgraded the Dow Jones giant and hoisted its price target based on margin recovery expectations..
• Chinese gaming stocks sold off while... 12/22/2023 The stock market major indexes closed mixed on Friday ahead... After a strong 2023, what does the future hold for the stock market?.
• The Dow Jones apparel and show giant cited strategic pricing, improve markdowns and lower ocean freight rates, Nike reported in its late September Q1 2024 earnings beat.Meanwhile, Nike is looking to deliver up to $2 billion in cost savings through 2026..
• Read Investor's CornerIs Rivian A Buy Right Now After The Cybertruck Delivery Event?Two Magnificent 7 Stocks Forge Buy Points In Can't Stop Market Rally 12/22/2023 The stock market major indexes closed mixed on Friday ahead of the long weekend..
• The Dow Jones athletic apparel icon, seeing a "softer" sales outlook, is looking for ways to deliver up to $2 billion in cumulative cost savings over the next three years and is "taking steps to streamline the organization.".