Nike Inc NKE shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $160 to $140 per share.
Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. Footwear generates about two-thirds of Nike's sales in 2021.
Johnson & Johnson JNJ shares are trading higher after the company reported better-than-expected first-quarter earnings results and raised its quarterly dividend. The company also reported $100 million in COVID-19 vaccine sales.
Johnson & Johnson is the world's largest and most diverse healthcare firm. Three divisions make up the firm: pharmaceutical, medical devices and diagnostics, and consumer.
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