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Today we are watching…
1.ย Nike (#nike)
The Womenโs Soccer World Cup is well underway. Nike, of course involved, is capitalizing on the huge growth prospects in womenโs apparel. Many of the stars in the tournament will be sporting Nike Swoosh boots too. However, with many of those boots โMade in Chinaโ, take note on how investors handle their holdings this month. Chinese consumers, squeezed by tariffs, are choosing between Nike and domestic brands.
2. Red Hat (#redhat)
This cloud-based software firm continues to grow well, and yet investors are pondering the pick. Soon, the company will merge into Big Blue, IBM, as it looks to strengthen its own cloud computing wing. The high price tag turned around short-term underperformance in Red Hat stock, but long-term growth may not look the same as an owner of IBM. How would you handle your Red Hat shares?