Over there, Adidas shares are down -18% after a profit miss and weak guidance.
Adidas shares slide record 17% as profit miss taints sales upgrade | Reuters
Expect some collateral damage over here, with Nike ($NKE) and others being pressured.
Position: None
The once-prestigious apparel firm has turned some heads on Wall Street.
Trump favors diplomacy with Iran, Nike’s continued challenges, Citi cuts its crypto outlook, and other headlines moving stocks this morning.
Strait of Hormuz traffic improves, retailers brace for new tariffs and other headlines moving stocks this morning.
While our team overwhelmingly continues to feel that risk is high, they’re not in agreement regarding what to do about it.
Let’s dive into the charts and why they point to a possible a.m. tech rally; look down at ON Semiconductor, Arm Holdings and Qualcomm; and check the latest on Iran.
South Korea goes big on AI and chips, Comcast splits, Warsh on deck, and other headlines moving stocks this morning.
We locked in massive gains on two positions and added to two beaten-down holdings.
There’s been a lot of movement among individual names since May 6th, but the major indexes have nothing to show for it.
The market continues to follow the sentiment cycle chart, and it appears that we’re currently at ‘anxiety’.
