Investing.com - The German sportswear manufacturer Adidas (OTC:ADDYY) is expected to report robust results for the second quarter of 2024, supported by solid revenue growth in the Terrace product line, significant sporting events, and the Yeezy brand, according to a preview from RBC Capital Markets.
(Reuters) -Nike's stock slumped 20% on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka. It was the worst day ever for the stock, and the losses wiped out $28.41 billion from the company's market valuation. "Nike is at a point where they want to put out the most conservative guidance they can, such that they're setting the bar low for themselves and hopefully it's a bar they can beat," said Art Hogan, chief market strategist at B Riley Wealth.
Amid a generally optimistic atmosphere in European markets, with Germany's DAX index recently climbing by 0.90%, investors are turning their attention to potential opportunities within undervalued stocks. In this context, understanding the characteristics that contribute to a stock being labeled as 'undervalued'—such as solid fundamentals at a price below intrinsic value—can be particularly pertinent.