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Stocks

“Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness” [JUN 27 2024]

“Shares of Nike plunged on Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected… Continue Reading…

Business

“Sony profit slumps 29% on chip weakness but maintains 25 million unit PlayStation 5 target”

“Sony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor — or chip — business. Here’s how Sony did in the September quarter versus… Continue Reading…

Economy, Stocks

“Indian shares close higher, shrugging off weakness in Asia, Europe”

“Indian shares closed higher on Thursday, in contrast to weakness in Asian and European equities, bucking concerns around an escalating Sino-U.S. trade conflict and rising odds of further policy tightening by the U.S. Federal Reserve. The Nifty 50 index settled… Continue Reading…

Stocks

“Buy These 3 Dividend Stocks on Weakness, Say Analysts”

“ConocoPhillips (COP)… Overall, the Strong Buy consensus rating on COP shares is based on 13 reviews, including 11 Buys and 2 Holds. The stock sells for $33.90 and has an average price target of $48.08, in line with Gresh’s… Baker… Continue Reading…