Key PointsNike posted stronger than expected earnings for fiscal Q4, but that wasn't enough to stop its stock from selling off.
Key PointsNike posted stronger than expected earnings for fiscal Q4, but that wasn't enough to stop its stock from selling off.
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The S amp;P 500 (SNPINDEX:^GSPC) rose 0.72% to 6,575.32, the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.16% to 21,840.95, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.48% to 46,565.74 as easing…
Key PointsRealty Income and NNN REIT are both net lease REITs.
Nike (NYSE:NKE), the athletic footwear, apparel, and equipment juggernaut, closed Wednesday at $44.62, down 15.52%. The stock dropped after weak fiscal Q3 guidance and analyst downgrades, amid investor focus on the…
The dollar index (DXY00 ) on Wednesday added to Tuesday's losses and fell by -0.34%. The dollar is under pressure due to optimism that the war in Iran will end soon. Wednesday's stock rally also reduced liquidity…