Stock Movers Nike Gains; Cal-Maine Foods Decline; Lithium Americas Soars on US Stake
Oct 1, 2025
Nike shows signs of recovery with better-than-expected sales, boosted by its wholesale and running shoe segments. Cal-Maine Foods struggles with disappointing profits as it navigates post-bird flu supply issues. Meanwhile, Lithium Americas' stock skyrockets after the U.S. government's plan to acquire a stake in the company and its significant Thacker Pass mining project. This development is seen as a potential game changer for the lithium market. Exciting shifts in energy and AI-related stocks are also highlighted.
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Nike Turnaround Shows Early Payoff
- Nike's sales fell only 1% on a currency-neutral basis, a smaller drop than expected, signaling stabilization.
- Gains in wholesale and running shoes show the company's refocus on basics may be working.
Inventory Cuts Depressed Sales Short-Term
- Nike cleared excess inventory by cutting prices, which depressed sales but removed a major headwind.
- Once inventory normalizes, the company may see healthier sales growth as product focus returns to running and basics.
Egg Producer Sales Hit By Supply Recovery
- Cal-Maine Foods' shares fell after first-quarter profit and sales disappointed despite rising demand for high-protein foods.
- Supply recovery from bird flu is improving availability, which weighed on prices and revenue.