The Compound and Friends cover image

The Compound and Friends

Wall Street Reacts to Trump vs Biden, Nike Blows Up, Summer Storms Are Coming

Jul 2, 2024
53:36
Snipd AI
The podcast discusses Nike's struggles, BlackRock's acquisition, Trump vs Biden impact, US stocks outperforming EU stocks, challenges for small cap companies, and stock market analysis with investment considerations.
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Podcast summary created with Snipd AI

Quick takeaways

  • Nike faced a massive stock drop due to dismal fiscal 2025 guidance, marking its worst performance in history.
  • BlackRock's acquisition of Prequin enhances private markets indexing, leveraging data on funds, managers, and investors for strategic growth.

Deep dives

Slowest Annual Sales Gain in 14 Years for Nike

Nike experienced a significant blow up due to dismal fiscal 2025 guidance, resulting in a 20% stock drop, the worst in Nike's history. The company's slowest annual sales gain in 14 years led to a $28 billion market cap loss in one day, bringing it under $114 billion.

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