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NKE Oct 2023 60.000 call
| Previous close | 37.85 |
| Open | 37.85 |
| Bid | 30.35 |
| Ask | 30.60 |
| Strike | 60.00 |
| Expiry date | 2023-10-20 |
| Day's range | 37.85 - 37.85 |
| Contract range | N/A |
| Volume | |
| Open interest | 19 |
- Yahoo Finance Video
Nike earnings: Watch for China impact, analyst says
Nike (NKE) was downgraded by Jefferies ahead of the company’s first-quarter earnings, which will be released on Thursday, September 28th. Forrester Research Research Analyst Sucharita Kodali joins Yahoo Finance Live to discuss what to watch from the company's results. “The challenge is... that Nike has been very dependent on the Asian market, certainly on the Chinese consumer," Kodali says. “Not only do you have issues with the softening of the Chinese consumer and their spending ability, but also just a lot of… geopolitical risk." Kodali notes that “the biggest issue for a company like Nike is if there is a glut of inventory, that may potentially have an impact on whether or not the brand is as desirable because so much of the value of the most desirable products is the scarcity, not the oversupply.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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- Investing.com
Nike faces headwinds amid consumer spending slowdown, says Jefferies
Analyst Randal Konik from Jefferies downgraded Nike (NYSE:NKE) to hold from buy on Monday, due to near-term challenges that weigh on the sports retailer. He also lowered his price target by $40 to $100, suggesting a roughly 10.1% upside from Friday's close. Konik anticipates incremental risks for Nike as the wholesale channel remains under pressure and growth in China faces macroeconomic headwinds.
