Although the company's earnings look strong and the management's outlook remains positive, investors were not thrilled and the stock is trading 3% lower on today's trading session. This selloff brought NIKE down to test its 50-day moving average on a heavy volume, but the stock has been able to hold above this key technical level.
After 100 years of celebrating cultural and scientific achievement, the Nobel Prize Committee has decided to make some minor changes. The official website for the accolade, www.Nobelprize.org, is going to be revamped by Akamai, a Cambridge, MA based company.
Apart from benefitting the companies involved, the contract may also be positive for Boston itself.
One Piece Of Advice: Never Bet Against Women's Shoes
ETFs To Play/Avoid On The Shocking Steve Jobs News
It has been and will be said hundreds, if not thousands, of times in the coming days that Apple (Nasdaq: AAPL) has lost a legend with the departure of Steve Jobs as CEO. Perhaps no company in the history of corporate America has been so intimately linked to the aura and persona of its CEO as Apple has been to Jobs.
There has been no shortage in comparisons of the current banking crises in the US and Europe to those of 2008. Just like in 2008, we have major bank executives appearing in the media to tell us all is well despite extreme volatility in their equity values. Another similarity: no one seems to be convinced by their pep talks.