Nike Inc

NYSE:NKEUnited States

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• DJ Nike's Hill Could Shuffle Management Ahead of Investor Day -- Market Talk, from 25 minutes ago by Dow Jones

  25 minutes ago by Dow Jones
  Companies Mentioned: NKE
  
  1827 ET - The appointment of Elliott Hill as Nike's incoming CEO makes a lot of sense for the company, as he's known as a people person a great leader, Stifel analyst Jim Duffy tells WSJ. Stifel had considered him a potential CEO before John Donahoe took over the CEO role in 2020, Duffy says. "We were disappointed to see Elliott leave the organization in 2020," Duffy says. One of the first decisions Hill will likely make in the top job will be a shuffle of management, probably ahead of November's investor day, Duffy says, adding that Nike's C-Suite could also be target of changes. "Historically, Nike has shuffled senior leadership to lift talented executives ahead of investor days." (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• DJ Nike's Incoming CEO Should Get Up to Speed on Current Market Trends -- Market Talk, from 31 minutes ago by Dow Jones

  31 minutes ago by Dow Jones
  Companies Mentioned: NKE
  
  1821 ET - Nike's appointment of Elliott Hill as CEO is risky when it comes to looking into the present and future, Jefferies' analyst Randy Konik tells WSJ. Elliott is a great add for Nike from a culture perspective, but he's an old guard Nike veteran, Konik says. He left the company in 2020, and a lot of things have changed in the market ever since, including marketing and social media. Jefferies will give him the benefit of the doubt. "Most product changes to take place in 2025 calendar, particularly in spring 2025, so it's a wait and see approach." (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• DJ Nike's Hill CEO Appointment Proves Need to Return to Roots -- Market Talk, from 35 minutes ago by Dow Jones

  35 minutes ago by Dow Jones
  Companies Mentioned: NKE
  
  1817 ET - Nike's appointment of company veteran Elliott Hill as CEO shows the struggling athletic company is looking for a return to greatness, rather than for a revolution, BMO Capital Markets Simeon Siegel tells WSJ. Nike's stock was suggesting the company needed a change, and Hill should now be focused on delivering real change, Siegel says. Consumers spending $200 to $300 on sneakers are the ones that allow Nike to sell more $75 shares, but the company has to set its efforts around gaining back every consumer now, Siegel adds. "Nike wins then it puts dollars behind stories and products, not when they cut them," the analyst says while discussing Nike's investment needs. Nike shares closed up 6.8% higher at $86.52.(sabela.ojea@wsj.com; @sabelaojeaguix)
  

• DJ The Score: Intuitive Machines, Intel, Nike and More Stocks That Defined the Week -- WSJ, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: INTC, NKE, QCOM
  
  By Francesca Fontana
  
  The Score is a weekly review of the biggest stock moves and the news that drove them.
  
  Intuitive Machines
  
  Intuitive Machines rocketed higher on its NASA contract.
  

• Dow Extends Record Closing Run, S&P 500 Falls as Markets Parse Fed Governors' Comments, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: FDX, INTC, MSFT, NKE, QCOM, CEG
  05:02 PM EDT, 09/20/2024 (MT Newswires) -- The Dow Jones Industrial Average stretched its record closing run Friday while the S&P 500 retreated from Thursday's all-time high as markets evaluated remarks by two Federal Reserve governors. The Dow rose...