BofA's Nike (NKE) China bull case implies 10% FY24 EPS upside
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Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak
May 15, 2023 8:50 AM EDTSoros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.
Soros purchased... More
Nike (NKE) ticks up following China partner's strong results
May 11, 2023 7:03 AM EDTNike (NYSE: NKE) shares ticked higher early Thursday after the company's China partner Pou Sheng reported strong demand and tighter inventory.
Pou Sheng reported March China sportswear retail growth of over 30%.... More