Nike Shares Fall on Global Supply Chain Woes

FX Empire2021-09-14

Supply chain problems have wreaked havoc on companies around the world over the past year. The pandemic-fueled global supply chain issues have thrown a wrench into the operations of companies across ...

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精彩评论

JDomXYZi
2021-09-14
JDomXYZi
Please like!
sheenayam
2021-09-14
sheenayam
Please like and comment. Thanks
Dino23
2021-09-14
Dino23
👍
pekss
2021-09-14
pekss
Hope Nike stock price will jump on its earnings announcement as Lululemon did on robust outlook despite the supply chain disruptions affecting almost every companies with global manufacturing bases.
- jaffer:
  ok
AndrinaAu
2021-09-14
AndrinaAu
Ok
- Zarkness:
  Hi
yanyanyany
2021-09-14
yanyanyany
Nike just do it
- jastsm:
  ✅

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The pandemic-fueled global supply chain issues have thrown a wrench into the operations of companies across ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nike-shares-fall-global-supply-230419348.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NKE","symbol_name":"耐克","start_time":0,"source_url":"https://finance.yahoo.com/news/nike-shares-fall-global-supply-230419348.html","article_id":"2167951531","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2167951531","pubTimestamp":1631595859,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Supply chain problems have wreaked havoc on companies around the world over the past year. The pande","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NKE":"耐克"},"translate_title":"全球供应链危机导致耐克股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NKE":0.9},"content_text":"Supply chain problems have wreaked havoc on companies around the world over the past year. The pandemic-fueled global supply chain issues have thrown a wrench into the operations of companies across sectors.\nWorse, global supply chain problems are not going to subside anytime soon, according to high-profile economist Mohamed El-Erian. He predicts that supply chain constraints will stick around for another one to two years, or longer. This is a setback for companies like Nike that are right in the middle of the supply chain disruption.\nWall Street firm BTIG is not optimistic and has downgraded Nike’s stock from buy to neutral as a result. Shares of Nike tumbled more than 2% in response to the downgrade.\n\nNike’s stock is hovering below its all-time high of $174 and currently trades for just below $160. Investors who believe that Nike will weather the storm and use its pricing muscle to mitigate the damage might see the downturn as a buying opportunity, though it’s unclear where the bottom might be.\nFactory Fears\nBTIG’s bombshell downgrade was in response to factories in Vietnam that were forced to be shut down due to the spread of the virus, which has had a ripple effect on the supply chain.  BTIG analyst Camilo Lyon wrote in a report,\n\n “We believe the risk of significant cancellations beginning this holiday and running through at least next spring has risen materially for NKE as it is now facing at least two months of virtually no unit production at its Vietnamese factories.”\n\nThe factories in question comprise more than half of Nike’s footwear production and nearly one-third of apparel items. The timing couldn’t be worse, with the holiday season right around the corner and vaccinations becoming more prevalent so that retail sales could benefit.\nVietnam is suffering from another wave of the pandemic, particularly in Ho Chi Minh City, which has triggered restrictions in the economy and crippled the manufacturing sector.  A mere 5% of Vietnam’s population has been vaccinated from COVID-19.\nNike Not Alone\nWhile Nike’s issues might begin in Vietnam, the supply chain disruption is a global problem. As a result, other brands are feeling it too. Athletic apparel company Lululemon, for example, experienced a 61% jump in Q2 revenue, but the supply chain is still a worry. They similarly source a good chunk of their apparel from Vietnam and are having to scramble as a result. 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Thanks&nbsp;","listText":"Please like and comment. Thanks&nbsp;","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886246826","repostId":2167951531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886251192,"gmtCreate":1631598390116,"gmtModify":1631887987491,"author":{"id":"3579086889899920","authorId":"3579086889899920","name":"Dino23","avatar":"https://static.tigerbbs.com/3022176fbd9f8d850b4dd8f580bbd030","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3579086889899920","authorIdStr":"3579086889899920"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886251192","repostId":2167951531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886224847,"gmtCreate":1631597747089,"gmtModify":1631883991413,"author":{"id":"3581636635898281","authorId":"3581636635898281","name":"pekss","avatar":"https://static.tigerbbs.com/7dfef98c44b3810cffef7f3eb78524ba","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581636635898281","authorIdStr":"3581636635898281"},"htmlText":"Hope Nike stock price will jump on its earnings announcement as Lululemon did on robust outlook&nbsp;despite the supply chain disruptions affecting almost every companies with global manufacturing bases.","listText":"Hope Nike stock price will jump on its earnings announcement as Lululemon did on robust outlook&nbsp;despite the supply chain disruptions affecting almost every companies with global manufacturing bases.","text":"Hope Nike stock price will jump on its earnings announcement as Lululemon did on robust outlook despite the supply chain disruptions affecting almost every companies with global manufacturing bases.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/886224847","repostId":2167951531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5863115,"gmtCreate":1631599047646,"gmtModify":1631889901156,"authorId":3574309252756598,"author":{"id":3574309252756598,"idStr":"3574309252756598","authorId":3574309252756598,"name":"jaffer","avatar":"https://static.tigerbbs.com/1a3d779d7e90da7a7b584e147536abf7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886224847,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":886222859,"gmtCreate":1631597468171,"gmtModify":1631889754359,"author":{"id":"3581996887679255","authorId":"3581996887679255","name":"AndrinaAu","avatar":"https://static.tigerbbs.com/527aef2be2ecd5e3af8295747ad2b02f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581996887679255","authorIdStr":"3581996887679255"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/886222859","repostId":2167951531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5863031,"gmtCreate":1631597915649,"gmtModify":1631889754358,"authorId":3572916667219493,"author":{"id":3572916667219493,"idStr":"3572916667219493","authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886222859,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":886221569,"gmtCreate":1631597098151,"gmtModify":1631884162752,"author":{"id":"4092845760685370","authorId":"4092845760685370","name":"yanyanyany","avatar":"https://static.tigerbbs.com/c065493771f9efb011ce5938864aa85e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4092845760685370","authorIdStr":"4092845760685370"},"htmlText":"Nike just do it","listText":"Nike just do it","text":"Nike just do it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/886221569","repostId":2167951531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5862943,"gmtCreate":1631597135687,"gmtModify":1634799756007,"authorId":3566625666991378,"author":{"id":3566625666991378,"idStr":"3566625666991378","authorId":3566625666991378,"name":"jastsm","avatar":"https://static.tigerbbs.com/788c247e8da6b8b77693cdcfee1b68eb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886221569,"type":1,"supId":0,"prevId":0,"content":"✅","text":"✅","html":"✅"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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