Nike shares rose about 4.5% after Apple CEO Tim Cook, a Nike board member, bought nearly $3 million worth of Nike stock, signaling confidence in the company's turnaround efforts despite its 20% decline this year. Wall Street analysts remain optimistic with a mean price target around $80, suggesting potential for growth.
Jim Cramer recommends buying Procter & Gamble stock, citing its effective use of AI to improve operations and its attractive valuation, while expressing caution on high-spending tech giants like Nvidia and Apple due to uncertain growth prospects.
Tesla's stock rose over 5% after Elon Musk disclosed a $1 billion purchase of more than 2.5 million shares, signaling confidence in the company's future amid a proposed ambitious pay package that could make him the world's first trillionaire if certain performance targets are met.
Elon Musk responded to Tesla's board's pay proposal by purchasing about $1 billion worth of Tesla shares, boosting the stock and signaling confidence in the company's future despite recent challenges.
Cathie Wood has purchased the dip in CoreWeave stock (CRWV) despite ongoing caution from Wall Street, indicating her bullish stance on the stock amid uncertain market conditions.