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Goldman Sachs Falls, Nike Drops, CoreWeave Rises After Macquarie Upgrade
Description
On this episode of Stock Movers:
- Goldman Sachs (GS) shares drop. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, despite a record quarter from the firm's equities team.
- Nike (NKE) shares drop after HSBC downgraded the athletic apparel company to hold from buy. “Nike’s turnaround thesis has gone from ‘not if, but when’ to a ‘show me’ story with no short-term catalysts,” writes analyst Akshay Gupta.
- CoreWeave (CRWV) shares gain after Macquarie upgraded the cloud-computing provider to outperform from neutral. Recent announcements with Meta and Anthropic suggest the company’s “ecosystem role is becoming structural,” writes analyst Paul Golding.
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