Nike Jumps, Uber Drops, Estee Lauder Rises

Stock Movers

On this edition of Stock Movers:

- Nike (NKE) shares jumped as much as 15%, the most intraday since December 2022, 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, according to analysts. Nike said its yearlong sales decline is starting to ease, suggesting that Chief Executive Officer Elliott Hill’s strategic moves are paying off. Before today, the stock had lost a third of its value over the past 12 months.The sportswear company expects sales to fall by a mid-single digit in the current quarter, a smaller drop than Wall Street anticipated and an improvement from the previous three-month period. Nike didn’t issue guidance for its full fiscal year due to tariffs and uncertainty.

- Uber (UBER) and Lyft (LYFT) stocks fell after both names were downgraded to hold from buy at Canaccord Genuity as analyst George Gianarikas sees “potential for rapid disruption.”

- Estee Lauder (EL) shares rose after being upgraded to buy from hold and increased its price target.

See omnystudio.com/listener for privacy information.

2025-06-27 5 min Transcript

Available Results

Generated results are saved to your library for reuse and search.

No generated results are available for this episode yet.

Transcript

Open the Transcript tab to load the transcript.

Chapters

No chapters available.