Stock Movers Nike Falls, FedEx Sinks, KB Home Falls on Earnings
Dec 19, 2025
Nora Melinda, a savvy markets correspondent, breaks down the latest struggles of some big names in the stock market. Nike is facing a surprising sales decline, largely due to issues in China and a shocking slump in Converse's performance. FedEx's recent profit outlook upgrade seems overshadowed by significant cost challenges and ongoing operational setbacks. Meanwhile, KB Home's earnings disappointment highlights a cautious outlook for the housing market. Tune in for insights that could impact your investment strategies!
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Nike Sees Weakness In China And Converse
- Nike warned sales will decline this quarter amid persistent weakness in China and at Converse.
- The company reported China sales down ~17% and Converse plunging ~30% in the latest quarter.
Host's Chuck Taylor Confession
- Nora Melinda admits she forgot Nike owns Converse and jokes about loyalty to Chuck Taylors.
- This personal aside highlights surprise at Converse's sharp sales decline despite its cultural presence.
FedEx Faces Cost Headwinds Despite Earnings Beat
- FedEx raised the low end of its profit outlook but faces cost headwinds including grounded MD-11 planes.
- Earnings beat was helped by U.S. volume and pricing gains, yet operational issues weigh on sentiment.