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.
Nike (NKE) shares are slightly down in early trading as the stock received a downgrade from Jefferies from "buy" to "hold," as well as a price target of $100 a share. Yahoo Finance Live discusses the reasons for the downgrade, including macro headwinds in China and reduced consumer spending in the United States. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The Dow's concentration on an established group of 30 blue-chip companies doesn't include a lot of powerful growth stocks and certainly doesn't include smaller companies with breakout potential. All four dividend stocks are down more than 15% year to date.