The Noon Deal featured some of Wall Street’s biggest movers. Power generation companies also rose, but crypto-related stocks were struggling with the recession.
Nike’s stock had risen 17% by noon today after the company announced it had overcome the most difficult part of the recent recession, following a financial fourth earnings report that beats the very low expectations of some investors. The company’s shares are $72.35 at press time.
Nike stock price. Source: Yahoo Finance
In a report on Thursday, Nike confirmed the biggest cost declined in the fourth quarter, easing concerns that Trump’s tariffs at major production centres in Vietnam and China would lower the recovery. The company posted a disappointing quarter, with sales down 12% and net profit increasing 86%. In addition, profit margins have shrunk sharply.
Despite these numbers, Nike CEO Elliot Hill told investors that Nike is moving past its worst slump and expects a slower decline in revenue and profits to slow down in the coming quarter.
“The results we report today for the fourth quarter and 2025 are not at Nike’s standard, but as I said 90 days ago, the work we’re doing to relocate our business through “Win Now” action has been impacting. ”
Its stock was first falling when Nike released its recent results after the market closed on Thursday. However, after an hourly conference call between analysts and Nike executives from Wall Street, inventory rose more than 10% in after-hours trading.
Crypto stocks have penetrated while power generation stocks were rising
Elsewhere in the market, Pony.AI shares fell 4%, following a report from the New York Times, which states that Uber is considering funding to acquire Pony.AI’s US subsidiary. Ceotravis Kalanick, former CEO and co-founder of Uber, is leading the potential acquisition. Uber’s own shares also slided, dropping by about 3%.
Cryptocurrency stocks have gone low as investors locked profits at the end of a strong month and appeared to adjust their quarterly portfolio. Coinbase fell by more than 5%, while Robinhood fell by about 2%. At the same time, Etro slid nearly 3%.
Galaxy Digital slid over 1% and circle fell 11%. Bitcoin Miner also saw modest losses. Both Riot Platforms and CleanSpark have dropped by about 1%.
In contrast, the US power generation company rose after it was reported that Trump was planning to sign an executive order to strengthen America’s electricity supply to help Trump compete with China in artificial intelligence development. Both Vistra and Ge Ververnova rose by about 4%, Vertiv rose by 3%, while Oklo jumped by 2%.