Investors Running From Nike, Defense Stocks Soaring, and a Pet Food CEO at Signet?

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NIKE,DEFENSE INDUSTRY,INVESTMENTS

This week's financial news is filled with unexpected twists and turns. Nike faces investor flight as sales slump, while defense contractors rake in profits amidst global conflict. Meanwhile, Signet Jewelers appoints the former CEO of PetSmart to lead its struggling business.

Nike Inc. and running have a long history. Lately, however, it’s investors who are doing most of the running. The stampede out of the stock continued this week after the athletic apparel and footwear giant posted a 10-per-cent decline in fiscal first-quarter revenue, as sluggish consumer spending, a lack of compelling designs and growing competition form the likes of Adidas and Hoka took a bite out of sales.

Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofDesjardins’ chief economist on recession risks, rate cuts to come, and why five-year fixed mortgage rates are about as good as they’ll get

 

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