Diamonds and Dogs
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.
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