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Nike Results; Amazon Upgrade; Atlantic Union Jumps
Manage episode 491179337 series 3654950
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.
- Nvidia (NVDA) shares are rising as it is close to becoming the first company to reach a $4 trillion market capitalization, after its shares rallied back to a record following a plunge earlier this year. The company's biggest customers, including Microsoft, Meta, Amazon, and Alphabet, are projected to increase their spending on computing infrastructure, with annual AI spending expected to rise to nearly $2 trillion by 2028.
- Atlantic Union (AUB) shares are up after the bank said it sold about $2 billion of its performing commercial real estate loans to Blackstone.
See omnystudio.com/listener for privacy information.
469 episodes
Manage episode 491179337 series 3654950
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.
- Nvidia (NVDA) shares are rising as it is close to becoming the first company to reach a $4 trillion market capitalization, after its shares rallied back to a record following a plunge earlier this year. The company's biggest customers, including Microsoft, Meta, Amazon, and Alphabet, are projected to increase their spending on computing infrastructure, with annual AI spending expected to rise to nearly $2 trillion by 2028.
- Atlantic Union (AUB) shares are up after the bank said it sold about $2 billion of its performing commercial real estate loans to Blackstone.
See omnystudio.com/listener for privacy information.
469 episodes
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