Nike Climbs 5% as Beaten-Down Consumer Names Catch a Bid; Lululemon Rises 4%, On Holding Dips

Why Nike Stock Was Climbing Today

Investors were rotating into beaten-down discretionary stocks.

Nike Climbs 5% as Beaten-Down Consumer Names Catch a Bid; Lululemon Rises 4%, On Holding Dips

The post Nike Climbs 5% as Beaten-Down Consumer Names Catch a Bid; Lululemon Rises 4%, On Holding Dips appeared first on 24/7 Wall St.. The hardest-hit names in consumer discretionary are drawing fresh buyers as money shifts away from the market’s favorite trades. Nike (NYSE:NKE) stock is at $36.89, up 5% in morning trading, leading a rebound in battered footwear and apparel names. Meanwhile, Lululemon Athletica (NASDAQ:LULU) stock is at $98.24,…

Nike Shares Gain 5.2% as Consumer Sector Outpaces Market Midday

At 11:11 a.m. ET (15:11 UTC), a consumer discretionary ETF was up 1%, while an S&P 500 ETF was nearly unchanged. Nike expects fiscal 2027 revenue to decline by a high-single-digit percentage.

Nike Stock Jumps 5.2% Above 12 of 15 Analyst Targets

Nike stock closed at $37.14 on Thursday, a gain of $1.84 or 5.21% on a session that ran between $35.94 and $37.73, according to StockAnalysis. That leaves Nike stock roughly 16% above the $31.97 intraday low reached on 2 October and about 47% below the $70.44 high of the past year. No Nike announcement accounts for the move, and the only corporate news to land during the session was a decision by Moody’s Ratings to cut its outlook on the company…