Stock Movers Adidas Rises, Centrica Investment, Gold Dips,
Jun 27, 2025
European sportswear stocks are seeing a surge, thanks to Nike's encouraging sales report. This rebound is boosting brands like Adidas and Puma. Meanwhile, there’s chatter about Centrica's investment in a nuclear project, as discussions heat up ahead of a parliamentary break. On another front, gold prices are dipping again, driven by a ceasefire that lessens demand for safe havens. The podcast dives into the nuances of these market swings, offering intriguing insights and implications for investors.
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Nike Signals Sportswear Recovery
- Nike's sales decline is easing with a smaller drop than expected, signaling a potential bottom in sales.
- This positive outlook boosts European sportswear stocks like Adidas, Puma, and JD Sports significantly.
Nostalgia for Pumped Sneakers
- Mark and Joe reminisced about the Reebok pumps with physical air pumps on the trainers.
- Despite the popularity, such shoes were expensive and hard to get, marking a unique sportswear trend.
Centrica Eyes Big Nuclear Bet
- Centrica considers investing 15% in UK's Sizewell C nuclear project despite high costs.
- The investment is seen as positive for clean energy, though it requires about 1.5 billion pounds.