Shares of Nike Inc. fell on Monday following a warning from J.P. Morgan that the company’s upcoming quarterly results could trigger a selloff. Analysts expressed concerns about a “negative catalyst” impacting investor sentiment ahead of the earnings report, which is set to be released on October 1 at approximately 4:15 p.m. Eastern.
As market speculation increases, investors are closely monitoring the situation, particularly in light of broader economic factors affecting the retail and apparel sectors. Nike’s performance in the fiscal first quarter through August will be critical in determining its stock trajectory moving forward.
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