Foot Locker Joins Retail Rout, Nvidia Countdown, Peloton Plummets 8/23/23
Squawk on the Street
English - August 23, 2023 14:56 - 43 minutes - 39.5 MB - ★★★★ - 489 ratingsBusiness News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Cramer's Morning Take: Danaher 8/22/23
Next Episode: Cramer's Morning Take: Foot Locker 8/23/23
Carl Quintanilla, Jim Cramer and David Faber began the show with a look at more pain for the retail sector: Foot Locker shares plunged after the company posted a revenue miss, slashed guidance and paused its dividend. That news coming one day after the worst session ever for shares of Dick's Sporting Goods -- and Nike extended its daily losing streak to nine. Also in focus: What to expect from Nvidia's after-the-bell earnings, Peloton shares plummet to record lows as results and guidance disappoint Wall Street, Abercrombie soars, Teamsters approve UPS contract, Toll Brothers lifts homebuilders.