Nike (NKE) jumps following lackluster earnings. The sneaker giant is up 15% after beating deduced estimates by a penny as sales fell 11% to $11.1 billion. While the earnings were not great, some analysts were expecting worse numbers. A couple analysts upgraded the stock hoping the worse is behind Nike. Nike received new price targets of $78 and $80 a share.
Profit-taking in Uber (Uber). The ride-sharing giant is down 2% on a downgrade after making a new all time high earlier in the week. The analyst at Canaccord lowered his price target to $84 based on valuation. The stock has been on a roll, up nearly 50% for the year as Tesla and Uber transition to driverless taxi and ride-sharing cars which should make the companies more profitable.
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