Micron Shares Rising, Nike Earnings on Tap, and Virgin Galactic’s Commercial Launch 6/29/23
Morning Call
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Nike's Precarious Position in the Equity Story
Nike is set to report its fiscal fourth quarter earnings after the closing bell today. Analysts are growing increasingly pessimistic on the company over concerns that slowing consumer appetite in the US could lead to a sales deceleration. Several of Nike's wholesale partners, including Footlocker, cut fiscal year guidance during their most recent earnings call.
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