The market is excited about a turnaround story.The market gave Nike (NKE 2.09%) an enthusiastic thumbs-up last week when it announced the return of longtime executive Elliot Hill to lead the company in a turnaround. Hill left the sporting apparel giant in 2020, but as a longtime Nike veteran, he's well-acquainted with the intricacies of the brand, and his return is inspiring confidence in a rebound. Let's see how this could play out.Losing the sneaker warsNike's been under pressure for a while, but it got m ...

There is plenty of economic data due out next weekA new month begins on Tuesday next week, bringing plenty of economic data with it. Some earnings reports are due out as well, with Conagra (CAG), Constellation Brands (STZ), Levi Strauss (LEVI), and Nike (NKE) announcing their results. Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change. All economic dates listed below are tentative and subject to change.Monday, September 2 ...

Nike NYSE: NKE just announced that its current CEO has retired, and it’s bringing in a long-time employee to take the helm. Elliott Hill will become Nike's CEO on Oct. 14. He hopes to be the new face the company needs to turn its fortunes around.I’ll detail Nike's history with lame-duck CEO John Donahoe and whether Hill is truly the spark needed to reignite the ailing consumer discretionary company.Get NIKE alerts:How Donahoe Led Nike AstrayNIKE TodayNKENIKE$90.57 +2.57 (+2.92%) 52-Week Range$70.75▼$123.39D ...

Could this be the catalyst that certain value investors were hoping for?On June 27, Nike (NKE 0.62%) CEO John Donahoe started the earnings call for the fiscal fourth quarter of 2024 by saying that fiscal 2025 would be a "transition year." Little could he know at the time that Nike would be transitioning away from him to a new CEO.In retrospect, maybe investors should have seen this coming. Nike stock is down about 10% since Donahoe became CEO in January 2020. In fairness, the business has grown during his t ...

Key TakeawaysIncoming Nike CEO Elliott Hill will face a number of challenges, including concerns about the "newness" of Nike's products, rising competition and persistent headwinds in China.Analysts say next week's quarterly earnings release and Nike's investor day, scheduled for Nov. 19, could be catalysts for the stock.The company previously said it expects a sales hit in the quarter as it shifts its strategy to a focus on newer products, and amid weakness in its digital and international sales. Nike's (N ...

Goldman Sachs analyst Brooke Roach reiterated the Buy rating on Nike, Inc. NKE with a price forecast of $105.According to the analyst, the company’s first-quarter results, set to be released on October 1, are expected to be healthy, with attention focused on trends in China versus North America.That said, investors are cautious about the pace and timeline for the brand’s return to growth due to mixed signals from the Chinese market and uncertainty surrounding franchise management actions, including the exte ...

NIKE Inc. (NKE) stock has made a notable comeback, with shares rising as much as 8.1% in the past week. The rebound comes after the company welcomes long-time veteran Elliott Hill as the new president and CEO. In addition, Hill will join the NIKE board of directors and serve on the Executive Committee.Elliott Hill is expected to assume his new role effective Oct. 14, 2024, after John Donahoe steps down completing his long tenure, which began in January 2020. However, John Donahoe will remain an advisor thro ...

These elite brands offer above-average yields and excellent return prospects.The S&P 500 has rocketed 20% year to date, but not all stocks are following the index's lead and some top consumer brands have reported weak revenue performance this year which has hurt their stocks. Nike (NKE 1.46%) and Starbucks (SBUX -1.08%) have seen their share prices fall in 2024 well off their previous highs. From a glass-half-full viewpoint, the price drop ended up boosting their dividend yields.Here's why these two dividen ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Apparel titan Nike (NKE) is gearing up to reveal its next set of quarterly results next Tuesday, reflecting one of the earlier releases we’ll get in the Q3 cycle.The stock has been a big disappointment in 2024, down nearly 20% and reflecting one of the bigger large-cap underperformers. As shown below, shares have made a nice move off their lows, perhaps a signal of trend reversal.Image Source: Zacks Investment ResearchBut do earnings expectations warrant further near-term bullishness? Let’s take a closer lo ...