Check out the companies making headlines before the bell. Nike – Shares of Nike fell more than 14% after the athletics retailer posted disappointing earnings for the latest quarter and lowered its guidance, expecting sales to fall 10% in the current period. The company now estimates that sales will fall into the mid-single digits in fiscal 2025. Trump Media & Technology – Shares of Trump Media & Technology rose more than 10% after the first presidential debate between former President Donald Trump and current President Joe Biden. Many viewed Biden’s performance as disappointing. Infinera – Infinera shares rose 19%. Nokia announced plans to buy the networking solutions provider for $2.3 billion. Digital Realty Trust – The real estate investment trust added 1.7%. JPMorgan has upgraded Digital Realty Trust to overweight, saying the stock appears poised to benefit from AI and cloud growth. SAP – SAP was up about 1% before the bell. BMO Capital Markets upgraded the stock to outperform and raised its price target, citing “high visibility” in bookings and revenue. – CNBC’s Jesse Pound contributed reporting.
Stocks making the biggest moves before the market: NKE, DJT, INFN
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