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Truist Slaps Nike With Sell Rating As Jordan Franchise Implodes
Truist Slaps Nike With Sell Rating As Jordan Franchise Implodes
Nike's rally from roughly $34 a share in October to above $40 by midweek has done little to ease Wall Street analysts' skepticism about its turnaround strategy.Earlier this week, UBS analyst Pilar Rocafort told clients, "It's still not time to buy Nike." Truist Securities reinforced Rocafort's caution on the stock in a note Thursday morning, downgrading the shares to Sell from Hold, citing "risks across the portfolio" and "an inflated valuation.""NKE shares are up 19% over the past ~month...
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Oct 29, 2026 / Dave DeCamp
Iran Says Four Tankers Hit Mines in the Strait of Hormuz
The Iranian military on Thursday claimed that four tankers had struck mines in or near the Strait of Hormuz, as the UK’s Maritime Trade Operations (UKMTO) reported that at least one tanker was attacked in the area. Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy first said in a statement that three tankers traveling on an […]
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Oct 28, 2026 / Dave DeCamp
Saudi Airstrikes on Yemen Market, Gas Station Kill 14 Civilians: Health Ministry
Saudi airstrikes in Yemen’s northern al-Jawf province hit a market and a gas station on Wednesday, killing at least 14 civilians, according to the Health Ministry within the Ansar Allah-led Yemeni government. “We condemn in the strongest terms the crime that targeted civilians in Al-Jawf Governorate, which, according to the initial toll, resulted in the […]
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Jun 28, 2026 / Jason Ditz
Protests in Beirut as Many Lebanese Oppose ‘Shameful’ Israel Deal
Friday’s announcement of a new “trilateral deal” between Israel, Lebanon and the United States quickly proved controversial, and major protests erupted in the Lebanese capital of Beirut. Centering around the Shi’ite suburbs of southern Beirut, which have been repeatedly attacked by Israel during the war, the protesters complained it did little to nothing to actually […]
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