CNBC's Bob Pisani looks at what's moving the market today as well as the halt in the trading of Chesapeake Energy shares.» Read More
*Nike reverses course after hitting record high. *Celgene up after settling patent litigation. Dec 23- Wall Street rallied for the third straight session on Wednesday, led by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.
Shares of Nike rose to a new intraday high of $136.39 on Wednesday.
*Nike reverses course after hitting record high. *Celgene up after settling patent litigation. The market rallies into Christmas, "said Jeff Clark, trading analyst at Stansberry Research in Baltimore.
Jay Sole, Morgan Stanley retail analyst, discusses Nike's strong growth in China, why it will last for "years to come," and the outlook for its Flyknit technology.
*Nike hits record high after quarterly results. *Celgene up after settling patent litigation. The market rallies into Christmas, "said Jeff Clark, trading analyst at Stansberry Research.
There isn't a single area of the world where Nike's not "blowing it away," says Cramer, discussing the company's quarterly results and conference call.
Some of the names on the move ahead of the open.
Dec 23- U.S. stock index futures were higher on Wednesday as crude oil prices continued to rebound and investors awaited a slew of economic data. *The Commerce Department will publish the full report, which includes income and inflation data, at 8:30 a.m. ET. *Other data scheduled for Wednesday includes the University of Michigan's consumer sentiment index,...
Shares of Nike were in record-high territory after the company delivered quarterly earnings that sprinted past analysts' expectations.
Futures are pointing to a higher open on Wall Street this morning, as Wall Street aims for a third straight session of gains.
Kate McShane, Citi research analyst, breaks down Nike's quarterly numbers and provides her expectations on growth. I think innovation really sets them apart, says McShane.
Flared track pants and tracksuits will be trendsetters next season outside the gym as 'athleisure' gains momentum.
Nike's earnings a bad omen for retail?
Paul Swinand, equity analyst (retail) at Morningstar, highlights various details in Nike's Q2 earnings that indicate the sportswear giant didn't actually do that well.
Research has shown that the choice of clothing can actually have an impact on the lifestyle choices you make through the day, says Julie Stevanja, founder and CEO at Stylerunner.
Check out the companies making headlines after the bell Tuesday: Nike, Micron Technology, Baxalta & more.
*Q2 earnings/shr of $0.90 vs est $0.86. Dec 22- Nike Inc, the world's largest footwear maker, reported futures orders that breezed past analysts' estimates, powered by strong demand in North America and China. It rose 14 percent in North America.
Dec 22- Nike Inc, the world's largest footwear maker, reported a 4.1 percent rise in quarterly revenue as demand rose for its shoes and apparel in North America. The Nike brand's orders for delivery December through April, a gauge of demand the company calls "futures orders," rose 20 percent, excluding currency, as of Nov. 30. Revenue from North America, Nike's largest...
Dec 22- Nike Inc, the world's largest footwear maker, reported a 4.1 percent rise in quarterly revenue as demand rose for its shoes and apparel in North America. The company said net income rose to $785 million, or 90 cents per share, in the second quarter ended Nov. 30, from $655 million, or 74 cents per share, a year earlier. Revenue rose to $7.69 billion from $7.38 billion.
CNBC's Sara Eisen reports the latest quarterly results for Nike.