Nike Soars on Earnings Beat; Uranium Energy Revenue Surges Over 600%; Blue Apron to be Acquired; AB InBev Upgraded; Bumble Rating Boosted

Nike stock jumped 10% premarket after mixed earnings; beat on EPS but missed on revenue. Company reiterated mid-single digit full-year growth guidance.
Uranium Energy revenue soared over 600% to $164.4M in fiscal year; posted small loss after earning profit last year.
Blue Apron stock more than doubled premarket after agreeing to be acquired by Wonder Group for $13 per share.
Anheuser-Busch InBev gained nearly 4% premarket after Bank of America upgrade to buy, citing margins inflection point.
Bumble climbed over 4% premarket following upgrade to buy from Loop Capital, citing stock is now "de-risked."

cnbc.com

Relevant topic timeline:

8/22/2023

A Bull Market Could Be Here: 3 Reasons to Buy Nike Stock

Nike's financials remain strong, with solid revenue growth and a strong balance sheet, despite setbacks in sales and net income; inventory issues are improving, which should help expand profit margins; and the stock is trading at reasonable prices, making it a compelling opportunity for long-term investors.

8/24/2023

Nordstrom stock jumps as earnings beat estimates, sales fall less than feared

Nordstrom's stock rose 6% after beating earnings and same-store sales estimates, despite reporting an 8.3% drop in sales attributed to the timing of its Anniversary Sale and the wind-down of its Canadian operations.

8/29/2023

Apple Stock Pops On Same Day It Earns A Rating Upgrade

Apple stock rose more than 2% on Tuesday ahead of its Sept. 12 event where the company is expected to announce new products, including the iPhone 15 and new Apple watches.

9/27/2023

Stocks On The Move: Levi Strauss Rises On Favorable Outlook; ChargePoint Jumps On UBS Upgrade

Levi Strauss stock rises in premarket trading after receiving an outperform rating and being deemed in the early stages of a favorable denim cycle by TD Cowen.

9/28/2023

Nike Earnings Beat Expectations Despite Slight Revenue Miss

Nike's quarterly revenue fell slightly short of expectations, but the company's earnings exceeded estimates.

9/28/2023

Nike Forecasts Improved Results in Second Half of 2022 as Discounts Ease and Costs Fall, But Faces Near-Term Slowdown

Nike executives anticipate a potential improvement in shopper enthusiasm for sneaker-buying, leading to a reduction in price cuts and better financial results for the company.

9/29/2023

Nike Stock Jumps As Strong Earnings Ease Concerns About Discounting

Nike stock and its peers experience a rise after the company's earnings alleviate worries about discounting in sportswear, according to analysts.

9/28/2023

Nike Beats Profit Estimates as Sneaker Demand Stays Strong; Sees Higher Margins Ahead

Nike has surpassed Wall Street's profit expectations for the first quarter due to higher prices for its products, offsetting declining demand and persistent cost pressures, leading to an 8% increase in its shares.

9/28/2023

Nike Q1 Earnings Mixed: Revenue Misses, EPS Beats as China Sales Grow but North America Declines

Nike reported a 2% increase in Q1 revenue, beating earnings estimates, but missing revenue expectations due to a 2% decline in North America sales.

9/29/2023

Nike Stock Up on Profit Beat, But CEO Says Running Business Needs Work

Nike's stock received a boost after surpassing quarterly profit expectations, but CEO John Donahoe acknowledged that the company's running business needs improvement.

10/7/2023

The Power of Long-Term Investing: How Early Stakes in McDonald's, Amazon, and Shopify Could Have Multiplied Your Money

Investing $10,000 in Nike stock 20 years ago would have resulted in nearly $160,000 today, demonstrating the success of stock-picking when the right stocks are chosen; three stocks worth holding for the next few decades are McDonald's, Shopify, and Amazon.

10/18/2023

Adidas Shares Rise on Improved 2022 Profit Outlook Despite Q3 Revenue Drop

Adidas shares rose as the company raised its full-year guidance, reporting a decline in operating profit but better-than-expected performance in its underlying business.