business

Nike

Analysts RBC Capital Markets downgraded Nike (NKE) to Hold and reduced price target to $50 amid slow turnaround efforts

Nike's stock has significantly underperformed this year, prompting analysts to downgrade the company amid concerns over the slow pace of its turnaround efforts under CEO Elliott Hill. Investors are increasingly anxious about the company's ability to recover, especially with disappointing forecasts for its China revenue.
Marriott International

World Cup Travel Impact on U.S. Businesses Varies by City, According to Sojern

The 2026 World Cup is anticipated to generate significant economic activity in North America, but the benefits are expected to vary widely by city and sector, with some areas experiencing strong demand while others lag behind. This uneven distribution of travel and spending could impact local businesses and the overall economic contribution of the event.
Amazon AMD Micron Technology Old Dominion Freight Line Super Micro Computer FedEx Devon Energy Cracker Barrel Old Country Store Broadcom

Stocks Making Significant Moves Midday: Super Micro, Cracker Barrel, and Robinhood Markets Among Notable Changes

Several companies experienced significant stock movements, particularly in the trucking and technology sectors, following key announcements and earnings reports that could impact investor sentiment and market dynamics.