Be aware of the latest stock movements shaking up in Wall Street this afternoon. List of companies that are gathered here:
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| Nike jumps 17%, Uber dips, and Newmont slides—see which stocks made major midday moves and why investors are reacting across sectors today. |
Nike (NKE) - + 17%
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| Nike Stock Surge Highlight |
17% bounce in Nike's shares came when the company reports the income of the financial quarterly 4 which was better than the expectations of analysts. The Sportswear veteran company said that he has raised his turn-out costs and hopes that the profit and sales decline will be reduced further. Nike also indicated about $ 1 billion in tariff cost, which he is planning to offset through pricing strategies and supply chain reforms. After the strong report, HSBC upgraded the stock by "Hold" and "Buy".
Dick's Sporting Goods (DKS), On Holding (ONON) — +4% and +2%
Nike's encouraging report increased the trust in the sports goods. The shares of Dick Sporting Goods increased by about 4%, whereas Swiss Athletic Shu producer has increased by 2% in on-holding.
Newmont Corporation (NEM) — -4%
Due to the decline from recent high levels in gold prices, more than 4% declined in the stock of the Newmont. The gold futures declined by about 1.8%, which was trading at approximately $ 3,288.50 per troy ounce. Despite the fall, the Newmont is still more than 50% of the year-by-year.
Estée Lauder (EL) — +2%
Beauty Stock increased by more than 2% in the Este Lauder, when the HSBC upgrade it with "Hold" and referring to the benefit of the weak American dollar and the speed of restructuring. Analyst Erwan Rambourg said that the market is "pointing down" for the brand.
Trade Desk (TTD) — +3%
After upgrading the "Outperform" by Evercore ISI, shares of trade desk increased by 3%. Analyst Mark Mahaney pointed to better evaluation and favorable risk-reward setup at current price levels.
Crypto Stocks — Mixed Performance
Crypto-related stocks were mostly below, possibly due to portfolio rebalance and benefits at the end of the quarter:
Coinbase (COIN): -5%
Robinhood (HOOD): -2%
eToro: -3%
Galaxy Digital: -1%
Circle: -11%
Bitcoin miners like CleanSpark and Riot Platforms also fell about 1% each
Apogee Enterprises (APOG) — +5%
Apogee Enterprises recorded a 5% lead after the strong financial performance report in the first quarter. The company recorded a revenue of 56 cents per share on $ 346.6 million, which is more than 47 cents per share on revenue of $ 325.5 million.
Pony.ai / Uber (UBER) — -4% and -3%
Pony's shares have declined by 4%, because there are reports that the US is negotiating to buy US operations. The effort is reportedly being led by Uber co-founder Travis Kalanick. After this news, the shares of recovery also declined by 3%.
Power Generation Stocks — Gaining Momentum
The shares of power generation and AI infrastructure are increased, there are reports that former President Donald Trump can issue an executive order to promote domestic power generation in the race to dominate AI technology compared to China:
GE Vernova (GEV): +4%
Vistra (VST): +4%
Vertiv (VRT): +3%
Oklo (OKLO): +2%
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Stock market investments involve risk. Readers are advised to conduct their own research or consult a qualified financial advisor before investing.
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