News
ADDYY
119.83
+0.11%
0.13
Nike is close to inking a huge endorsement deal with Caitlin Clark
Consumer Nike is close to inking a huge endorsement deal with Caitlin Clark. Sources say the eight-figure deal would include a signature Nike shoe. Clark's popularity skyrocketed during the college basketball season. Nike currently has a shoe deal with WNBA star Sabrina Ionescu.
Seeking Alpha · 1d ago
LIVE MARKETS-S&P 500 falls 4-straight days, back down to flirt with 5,000
S&P 500 falls 4-straight days, back down to flirt with 5,000 Nasdaq ends down ~1.2%, S&p 500 off ~0.6%, DJI edges red. Tech weakest S-P 500 sector; Utilities lead gainers. U.S. 10-Year Treasury yield falls to ~4.58%
Reuters · 2d ago
Stocks to Watch Wednesday: United Airlines, ASML, Alcoa, Trump Media
Shares of United Airlines were the best performers in the S&P 500. Adidas shares closed at their highest level since February 2022. Travelers stock was the worst performer among the Dow industrials. LVMH shares closed 2.8% higher in Paris. ASML Holding's orders missed expectations and shares fell more than 7%.
The Wall Street Journal · 2d ago
Adidas faces skeptical court in bid to revive Thom Browne trademark lawsuit
Adidas faces skeptical court in bid to revive Thom Browne trademark lawsuit. Adidas sued fashion house in 2021, claiming Thom Browne ripped off the company's iconic three-stripe trademark. A federal jury rejected the lawsuit last year. Adidas says a judge issued flawed instructions to the jury.
Reuters · 2d ago
Still-In-The-Woods Adidas Provides Glimpse Of Recovery With A Lifted Guidance
Adidas AG raised its 2024 profit outlook after a better than expected first quarter. The German sportswear giant now expects full-year operating profit of about $744 million. Adidas posted its first annual loss in more than three decades in March and warned sales in North America will fall again. The company has been battling to restore its vitality after splitting from Kanye West.
Benzinga · 2d ago
LIVE MARKETS-No need to gasp despite rising rates, BMO says
BMO says no need to gasp despite rising rates, BMO says. The 10-year Treasury yield has jumped more than 50 bps since early March. Main U.S. Indexes red as tech weakest S&P 500 sector. B MO says investors should look tactically at U.s. Equities.
Reuters · 2d ago
LIVE MARKETS-BofA clients still bypass healthcare stocks
BofA clients still bypass healthcare stocks for a third-straight week. BofA Securities equity and quant strategist says clients reduced equity exposure last week. The healthcare sector saw the eighth largest weekly outflow in the firm's history. The group continues to have the longest selling streak of any sector.
Reuters · 2d ago
LIVE MARKETS-Can Q1 earnings backstop equities against higher rates?
Can Q1 earnings backstop equities against higher rates? Barclays strategists say there is room for beats and bounce backs in the current earnings season. Estimates have been cut sharply year-to-date for European and U.S. Earnings. The recent pullback in equities and lower first quarter estimates offer room for surprises.
Reuters · 2d ago
LIVE MARKETS-Mortgages: Get 'em while they're hot
Average 30-year fixed rate for home loans reached 7.13% last week, highest since December. Applications for loans to purchase homes jumped 5.0% but demand for refi loans was more muted. Main U.S. Indexes down; Nasdaq off most; Dow down 0.6%.
Reuters · 2d ago
LIVE MARKETS-U.S. indexes mostly edge up; materials, utilities, energy lead
Major U.S. Stock indexes are mostly edging higher in morning trading. Materials, utilities, energy lead S&P 500, Dow edge up, Nasdaq slips. First-quarter earnings season has begun. Investors are awaiting commentary from Federal Reserve policymakers later in the day.
Reuters · 2d ago
Adidas Stock Is Rising. Strong Earnings Show Company Has 'Turned the Corner.'
Adidas said fiscal first-quarter revenue rose 4% to EUR5.5 billion. The athletic apparel maker raised its full-year guidance for the year. Adidas stock was up 8.1% in after-hours trading. The company's gross margin rose 6.2% in the first quarter.
Barron‘s · 2d ago
BUZZ-US sportswear companies rise buoyed by Adidas' strong results, forecasts
Shares of major U.S. Sportswear makers and retailers up in early trading after Adidas reports better-than-expected quarterly results. Adidas reported strong demand for retro styles and raised its 2024 guidance. Nike, Under Armour, Foot Locker and Dick's Sporting Goods also up.
Reuters · 2d ago
LIVE MARKETS-As firm dollar roils EM currencies, what's a central bank to do?
Emerging markets currencies inched up on Wednesday after hitting a five-month low. MSCI index for emerging market currencies ticked up after falling for five straight sessions. Investors concerned that latest bout of weakness could prompt further currency intervention in developing markets. As firm dollar roils EM currencies, what's a central bank to do?
Reuters · 2d ago
LIVE MARKETS-Benchmark Treasury yield bumping up against big chart barrier
U.S. 10-Year Treasury yield popped to a high of 4.696% on Tuesday. It matched its Nov. 13, 2023 high and maximum Fibonacci retracement zone of its October-December slide. The yield is bumping up against big chart barrier.
Reuters · 2d ago
NIKE SHARES UP 1% PREMARKET AFTER ADIDAS RAISES 2024 PROFIT FORECAST
Reuters · 2d ago
Adidas Beat Nike in 1Q, Warburg Says -- Market Talk
Adidas raised its guidance for the full year after first-quarter sales grew 8% excluding currency movements. Analyst says sales at the German sneaker maker grew faster than at rival Nike. The company outgrowing Nike by about eight percentage points, Warburg Research says. Adidas shares jump 8.15%.
Dow Jones · 2d ago
More
Webull provides a variety of real-time ADDYY stock news. You can receive the latest news about Adidas Ag through multiple platforms. This information may help you make smarter investment decisions.
About ADDYY
Adidas AG is a Germany-based company that designs, develops, produces and markets a range of athletic and sports lifestyle products. The Company's segments include Europe, North America adidas, North America Reebok, Asia-Pacific, Russia/CIS, Latin America; Emerging Markets, adidas Golf, Runtastic and Other centrally managed business. Each segment includes wholesale, retail and e-commerce business activities relating to the distribution and sale of products of the adidas and Reebok brands to retail customers and end consumers. The Company has over 2,300 own-retail stores, over 14,000 mono-branded franchise stores and over 150,000 wholesale doors. The adidas and Reebok branded products include footwear, apparel and hardware, such as bags and balls.