News

Nike Inc. (NKE) surpassed analyst expectations in the third quarter of fiscal 2025, reporting revenue of $11.27 billion and earnings per share of 54 cents, driven by strong performance in the Nike Direct and Nike Brand segments. Despite a 9% year-over-year decline in total revenue, the company remains optimistic about its future prospects.

Cryptocurrency prices saw a slight retracement on Thursday following President Trump's address to investors, with analysts remaining cautiously optimistic about the market's future. Key data points include increased daily active addresses and large transactions, while traders anticipate potential new highs before year-end.

Sunnova Energy International Inc. (NOVA) shares surged 40.4% on Thursday after reports that Oaktree Capital Management has been acquiring the company's debt as it prepares for debt restructuring negotiations with creditors. Oaktree has accumulated approximately $400 million of Sunnova's debt, positioning itself as a key player in the upcoming discussions.

Goldman Sachs analyst Noah Poponak initiated coverage on Amentum Holdings, Inc. (AMTM) with a Neutral Rating and a price target of $21, citing the company's lower relative valuation compared to peers and opportunities for growth from its merger with Jacobs' government services business. However, Poponak also noted challenges such as slower growth, lower margins, and sector headwinds, leading to a mixed outlook for Amentum.

Quantum Computing Inc. (QUBT) shares fell in Thursday's after-hours session after the company reported a wider-than-expected loss for the fourth quarter. Despite the loss, the company remains optimistic about its future, citing a strong financial position and progress on its Quantum Photonic Chip Foundry.