Nike, Inc. Common Stock (NKE)

Nike Inc (NYSE:NKE) shares are retreating Tuesday after JPMorgan took a more bearish stance on the athletic apparel giant.

JPMorgan downgraded Nike's rating and cut price target due to expected financial impact of Win Now decisions in fiscal 2027-2028.

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Jim Cramer recommended buying First Horizon and Intel. And while Nike is attempting a turnaround, competition is a problem, he argued.

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Ermenegildo Zegna (NYSE:ZGN) reported a sequential acceleration in preliminary second-quarter 2026 revenue, with management citing broad-based strength in its direct-to-consumer business and continued progress in shifting the group toward a retail-first model. Paola Durante, Chief of External Relat

Financial results are weak, but Nike is trading at a low multiple to its previous peak earnings.