“Mad Money” host Jim Cramer is warning you, don’t take action on these stocks too early!» Read More
NEW YORK, June 26- The S&P 500 closed flat on Friday but ended lower for the week, with investors cautious ahead of a meeting in Europe that could decide whether Greece will default on critical loans. The Dow closed higher, boosted by strong results from component Nike Inc, while the Nasdaq ended solidly lower on disappointing results from Micron Technology Inc,...
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Nike Inc., up $4.49 to $109.71. Synnex Corp., down $7.46 to $74.88.
Stocks had a mixed day Friday as investors waited for negotiators to finish their work on a solution to Greece's debt problems. The Dow Jones industrial average got a big boost from Nike, which rose more than 4 percent after posting strong quarterly results. The Dow Jones industrial average rose 56.66 points, or 0.3 percent, to 17,947.02.
CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.
Phil Knight and OHSU have raised $1 billion for the detection of lethal cancers in their early stages.
*Dow up 0.06 pct, boosted by Nike. *Micron Technology down 19 pct. June 26- The Nasdaq Composite fell 1 percent in afternoon trading on Friday after weak forecast from Micron Technology dragged down chipmakers including Intel.
With second-quarter earnings season coming up, could investors actually be overestimating the deleterious effects of a strong U.S. dollar?
*Euro zone can help Greece repay debt in bailout extension. June 26- U.S. stocks were mixed in late morning trading on Friday as better-than-expected consumer confidence data brought some relief to investors concerned about a possible debt default by Greece. Greece on Thursday failed to clinch a deal with its international creditors.
NEW YORK— Stocks had a mixed day Friday, as investors waited for negotiators to finish their work on a solution to Greece's debt problems. China's benchmark index is still up more than double over the past year. It was largely lifted by Nike, which rose more than 4 percent after posting strong quarterly results.
Nike posts strong earnings fueled by good sales in North America, Western Europe and China.
CNBC's Jim Cramer explains how Nike was able to beat analysts' estimates so handily.
*Euro zone can help Greece repay debt in bailout extension. June 26- U.S. stocks rose slightly on Friday as investors were encouraged by signals of a possible deal between Greece and its creditors that could help the country avert a debt default. Greece failed to clinch a deal with its international creditors on Thursday.
Discussing innovation at Nike, with Susan Anderson, FBR Capital Markets.
*Euro zone can help Greece repay debt in bailout extension. June 26- U.S. stocks were set to open slightly higher on Friday ahead of a crucial meeting of euro zone finance ministers on Saturday that could decide on extending Greece's bailout program. I am looking for an agreement that falls somewhere in between full compliance and default, "said Jack Ablin, chief...
Some of the names on the move ahead of the open.
Michael Binetti, UBS senior retail analyst, weighs in on Nike's Q4 results, and discusses how the potential passage of the trade bill in Congress could be a huge tailwind for the stock.
Matt Powell, vice-president of industry analysis at NPD Group, discusses Nike's recent "terrific" earnings report.
Elsewhere, stocks traded softly as the standoff between Greece and its international creditors appeared little closer to being resolved. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.6 percent at 6,770, while Germany's DAX fell 0.1 percent to 11,471. The CAC-40 in France bucked the trend, trading 0.5 percent higher at 5,064....
June 25- Nike Inc, the world's largest footwear maker, reported a better-than-expected profit for the eighth quarter in a row as it sold more high-margin shoes and apparel at higher prices, and posted a surprise rise in growth of "futures orders." Nike's orders for delivery from June through November, a gauge of demand it calls "futures orders," rose 13 percent...
The "Fast Money" traders give their final trades of the day.