Citi downgrades Nike, says China backlash could hurt stock in near term

A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020. Andrea Verdelli | Getty Images Investors should be cautious with Nike as the apparel giant faces a potential slowdown in China and a large number of other short-term headwinds, Citi said in a note … Read more

Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes

A FedEx employee loads up deliveries in San Francisco. Getty Images A progressive group pushing Congress to raise the corporate tax rate is launching an ad campaign targeting FedEx and Nike, two large American companies with light federal tax bills, the group said Monday. Tax March, which held dozens of demonstrations in 2017 calling on … Read more

Ready to dress up again, teens turn to online brands Shein and Princess Polly, and thrift store finds

Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to be glued to social media apps like TikTok and Instagram, Gen Z is taking cues from fashion and beauty influencers when they … Read more

Sports agent Rich Paul joins former Nike execs to start marketing agency Adopt

Sports agent Rich Paul looks on after the game between the Miami Heat and the Charlotte Hornets at American Airlines Arena on March 11, 2020 in Miami, Florida. Michael Reaves | Getty Images Rich Paul, the sports agent best known for representing NBA star LeBron James, has joined former Nike executives to start a minority-owned … Read more

Stocks making the biggest moves in the premarket: Nike, FedEx, Skillz, Ford & more

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates. … Read more

Stocks making the biggest moves after the bell: Nike, Hims & Hers Health, FedEx & more

A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell on Thursday: FedEx – Shares of the delivery service ticked up 3.6% after the company announced fiscal third-quarter … Read more

These stocks could be winners if the Fed lets inflation run, RBC says

People walk by a T-Mobile store in San Francisco, California Justin Sullivan | Getty Images Wall Street strategists and analysts are beginning to believe that 2021 will be the year the U.S. finally sees inflation, and that could have ripple effects across the stock market. The Federal Reserve projections released on Wednesday showed inflation hitting … Read more

Peloton and Adidas are working together on an exclusive apparel line

The new collection — labeled as adidas x Peloton SS21 — was designed with help from some of Peloton’s top cycling instructors, including Robin Arzón, Ally Love and Cody Rigsby. Source: Peloton Peloton and Adidas announced Thursday they’re working together to create a new line of athletic apparel and lifestyle gear, in inclusive sizes and … Read more

Dick’s Sporting Goods is launching its own men’s athleisure line, rivaling Lululemon

VRST is debuting Tuesday on both Dick’s Sporting Goods’ website and a standalone VRST.com, and will be rolled out to more than 400 Dick’s Sporting Goods locations across the country in the coming weeks. Source: Dick’s Sporting Goods Dick’s Sporting Goods is entering a hotly contested market for men’s athletic apparel with the launch of … Read more

The Fed could be a catalyst for bonds, and that could drive growth stocks in week ahead

Traders on the floor of the New York Stock Exchange Source: NYSE Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction. Rising bond yields have been challenging growth stocks. Names like Apple, Tesla, and Amazon have been … Read more