NKE Post-Earnings Slide, FDX 52-Week Low, LEN Continues Housing Weakness
Schwab Network · Schwab Network
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Show Notes
It's red arrows across the board for earnings movers this morning. Diane King Hall notes Nike's (NKE) report, which signals an expected decline in sales outlook. Nike's selling action wasn't as heavy as FedEx (FDX) opening at 52-week lows off its report and analyst commentary saying the company is prone to recession. Lennar (LEN) also opened lower as headwinds continue to pound the housing market.
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