Nike shares fell around 7.8% this week after reporting its fiscal Q1 earnings. While the company exceeded expectations with EPS of $0.70 compared to the $0.52 estimate, and revenue came in slightly below expectations at $11.6 billion, the real blow came when Nike withdrew its annual revenue forecast.
They noted that shares, now trading at 35x FY25 estimates, are expensive “considering second year in a row of no growth.” BTIG analysts expressed concern over the ratings drop, which could impact Humana’s quality bonuses and overall revenue in 2026. Following the news, analysts at HSBC raised their price targets on several Chinese real estate stocks, reflecting growing optimism surrounding the sector’s potential recovery, driven by supportive government policies.
However, despite the optimism, UBS remained cautious about the long-term impact of the stimulus, explaining that while the measures could support growth, the full scope and implementation of the stimulus package remain uncertain.
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