Neogen Corp. (NASDAQ:NEOG) stock rose after the company reported better-than-expected second-quarter financial results.Second-quarter 2026 adjusted earnings came in at 10 cents per share, beating the consensus of 6 cents.Sales were $224.69 million, down 2.8% year over year, and exceeded the consensus of $207.85 million. Core revenue increased by 2.9%.“As we look to the second half of the fiscal year, we remain highly focused on the integration of Petrifilm and optimization of sample collection manufacturing ...

Last year was filled with intense movement in the athletic market — from Nike plowing ahead with an ambitious turnaround effort and Adidas seeing major momentum, to Puma fielding sale rumors and Under Armour parting ways with basketball star Steph Curry as the brand embarks on another restructuring. In a year where the Winter Olympics and World Cup take center stage, the wave of change is sure to continue, but which brand will come out on top? Here are the big questions to consider as 2026 commences. Mor ...

Remitly Director Joshua Hug made this sale of 40,776 shares close to the stock's 52-week low of about $12. The timing is particularly noteworthy given Remitly's challenging year. The stock has declined roughly 39% over the past 12 months, and shares were trading in the lower half of their 52-week range when Hug executed this transaction. When directors sell during a prolonged slump, it raises questions about their confidence in a near-term recovery.Remitly operates at scale in the digital remittance sector, ...

Core Insights - Tim Cook's recent purchase of $3 million in Nike shares signals confidence in the company's turnaround efforts under CEO Elliott Hill [1][2][6] - Nike's stock rose by 4.64% following the announcement of Cook's investment, indicating positive market sentiment [1] Company Strategy - CEO Elliott Hill's turnaround strategy focuses on five key areas: culture, product, marketing, marketplace, and in-person presence [7] - The strategy aims to refocus Nike on core sports categories such as running, basketball, football, and training [7] Financial Performance - Nike has faced challenges, including a significant drop in sales in China and an 18.5% decline in stock value year-to-date [8] - The company is attempting to offset profit losses due to tariffs by raising prices for U.S. customers [8] Board Member Actions - In addition to Cook, board member Robert Swan purchased $500,000 worth of Nike shares, further indicating board confidence in the company's future [6]

Core Insights - Tim Cook, CEO of Apple Inc., has made a personal investment in Nike Inc. by acquiring 50,000 shares at an average price of $58.97, totaling $2.95 million [1] - Following this purchase, Cook's total holdings in Nike have reached 105,480 shares, valued at $6.04 million based on the stock's closing price of $57.34 [2] - This marks Cook's first open market purchase of Nike shares, despite having received stock awards worth $179,453 during his tenure on Nike's board [3] Insider Activity - Cook's investment follows a significant purchase by Nike Director Robert Swan, who bought 8,691 shares at an average price of $57.54 [3] - Insider purchases like these can indicate potential stock turnarounds and may boost market confidence [4] Company Performance - Nike's shares have declined 65.49% from their all-time high of $166.19 on November 5, 2021, as the company focuses on a turnaround strategy [5] - The company's President and CEO, Elliott Hill, stated that Nike is in the "middle innings" of its comeback, aiming for long-term growth and profitability [5][6] Market Sentiment - Despite beating analyst estimates in its second-quarter results, Nike's stock fell 11% due to ongoing tariff concerns [7] - Analysts have recently revised their price targets downward, but the consensus target remains at $80.25 per share, indicating a potential upside of 39.95% from current levels [8] Stock Performance - Nike's shares closed at $57.34, up 0.21% on Tuesday, and have increased by 2.48% overnight [9] - The stock currently scores poorly on Momentum, Value, and Quality in Benzinga's Edge Stock Rankings, reflecting an unfavorable price trend [9]

Core Viewpoint - Nike's shares have declined nearly 13% following disappointing guidance during its earnings call, with the stock losing almost a quarter of its value this year, yet Oppenheimer maintains a bullish outlook, ranking Nike as a top play for 2026 with a price target of $120, the highest on Wall Street [1] Group 1: Earnings Call Insights - The management team at Nike is focusing on areas where they are seeing success, particularly in wholesale growth in North America, which is a positive sign for the company's turnaround efforts [2][3] - New product introductions, especially in the running category, are resonating well with consumers, contributing to improved performance in North America [3] - Despite ongoing weakness in China and direct-to-consumer (DTC) sales, there are still significant opportunities for Nike to turn around its performance in other regions [4][5] Group 2: Future Outlook and Price Target - Oppenheimer's price target of $120 is based on expectations of earnings recovery, with a projected earnings per share (EPS) growth from depressed levels to normalized levels over time [7][10] - Nike is currently facing challenges such as tariffs, which are expected to cost the company $1.5 billion, impacting profitability in the short term [8][9] - The company is working to offset these tariffs over the next year and a half, which is anticipated to improve earnings and market respect for its long-term earnings potential [9][10]

Cheng Xin/Getty Images Nike says its business is midway through a turnaround. Key Takeaways Nike shares, which are down 10% today, are stuck below the prices that predated Elliott Hill's days as CEO. Investors initially welcomed the news that Hill would return to Nike. Today's drop indicates that they're looking for more before declaring the turnaround a success. Nike hoped a new CEO could get its stock rising again. So far, the change just hasn't done it. Shares of Nike (NKE) have fallen some 20% ...

Key Points Nike's revenue edged higher in the second quarter, but profits continued to fall. The company is making progress in its turnaround, especially in North America. It sees revenue declining in the third quarter. 10 stocks we like better than Nike › Shares of Nike (NYSE: NKE) were heading lower today after the sportswear giant beat estimates in its fiscal second-quarter earnings report, but offered disappointing guidance, saying that revenue would decline in the third quarter after growing ...

Another quarter of top-line growth is nice. But profit is hurting, and sales are falling sharply in China.Nike (NKE +0.14%) shares were slammed after the sportswear giant reported its fiscal 2026 second-quarter results on Thursday afternoon. The move lower came as the company delivered shrinking profits and another difficult quarter in China.Selling everything from running shoes to performance gear under one of the most recognizable brands in the world, Nike still dominates athletic footwear and apparel. An ...

Apparel and footwear giant Nike Inc. (NYSE:NKE)  could show further progress in its turnaround efforts when it reports second-quarter financial results Thursday after market close.Here are the earnings estimates, what analysts are saying and key items to watch.Earnings Estimates: Analysts expect Nike to report second-quarter revenue of $12.22 billion, down from $12.35 billion in last year's second quarter, according to data from Benzinga Pro.The company has beaten analyst revenue estimates in four consecuti ...