As a result of worsening supply chain disruption in Vietnam, BTIG has downgraded Nike’s (NKE) rating from Buy to Neutral. “We believe the risk of significant cancellations beginning this holiday and running through at least next spring has risen materially for NKE as it is now facing at least two months of virtually no unit production at its Vietnamese factories which accounted for 51% of footwear and 30% of apparel units,” said BTIG senior analyst Camilo Lyon, in a recent note. Over the… Source link
Read More »‘Momentum that we are seeing is continuing’
The plunge in cryptocurrency prices since April doesn’t appear to have knocked Coinbase (COIN) off its stride so far in the second quarter. “I think that those who were new to this space may have under estimated the volatility that we can see in this market. But crypto is volatile, and we have to remember this is a really young industry and a very nascent asset class. So while we have seen a lot of volatility, we have been dealing with this since the very beginning,” said Coinbase CFO Alesia… Source link
Read More »White Sox’ Michael Kopech continuing on road to starting rotation
Kopech stays on road to rotation with latest spot start originally appeared on NBC Sports Chicago Michael Kopech‘s journey to the starting rotation took another step forward Friday. We’ll see how many steps it will take him to finally get there. The White Sox slow-playing of Kopech makes all the sense in the world after the fireballer missed the last two seasons. His use this year as a multi-inning bullpen weapon/spot starter has been a revelation, and it’s hard to imagine things working out… Source link
Read More »Google Stadia Is Continuing to Bleed Talent As More Names Depart
Google Stadia is continuing to lose top talent. Its head of product recently departed the company, while six other employees have hopped over to a new studio. It’s more bad news for the platform, which got off to a rocky start. See more stories on Insider’s business page. Google’s Stadia division is continuing to lose key talent, with… Source link
Read More »Activision Blizzard reports Q4 earnings with ‘Call of Duty’ continuing to dominate
TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted by the deregulation policies. While the new Biden Administration is busy reversing many Trump… Source link
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