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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

6/26/15

Nike, Inc. (NKE)

 

Nike's stock is up 4% today after reporting an increase in revenue for the quarter ended May 31. Analysts see the athletic gear company taking more market share away from its rivals, as sales grew 14% in North American and 17% in Western Europe. Also, Nike's future looks pretty bright after stating that future orders were up 13%, indicating strong demand. All of these factors contributed to the stock's all-time high.

 

Micron Technology, Inc.

 

Micron was crushed today after giving weak results for the current quarter due to the weakness in the PC sector. The company's stock is down 18% to 19.70, and hit its 52-week low at 19.43. Micron also projected lower revenue than analysts expected, which only makes the company's future look dimmer. Along with this, many analysts are cutting their price targets on Micron. The tech company may have a bumpy road ahead.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.