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CG Stocks News Ring= Fiat Chrysler Automobiles NV (FCAU), Nike Inc (NKE)

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) ended Tuesday session in red amid volatile trading. The shares closed down -0.05 points or -0.77% at $6.41 with 5.82 million shares getting traded. Post opening the session at $6.46, the shares hit an intraday low of $6.36 and an intraday high of $6.48 and the price vacillated in this range throughout the day. The company has a market cap of $8.33 billion and the numbers of outstanding shares have been calculated to be 1.29 billion shares.

The Jeep® brand, the FCA US Northeast Business Center and its New Jersey dealers are kicking off the 2016-17 NHL season by launching a partnership with the Prudential Center and the New Jersey Devils.

The Jeep brand, which has been named the “exclusive non-luxury vehicle of Prudential Center and the Devils,” will celebrate the partnership through the FCA US Northeast Business Center with Jeep-themed graphics, Jeep vehicle displays and prize giveaways at the Newark, New Jersey, arena.

“The Jeep brand has a long history of award-winning vehicles that can ‘go anywhere, do anything’,” Jeff Strickland, Director, Northeast Business Center – FCA US, said. “Jeep’s versatility and class-leading capability make it a perfect partner for the New Jersey Devils, complementing their determined spirit on the ice.”

Shares of Nike Inc (NYSE:NKE) ended Tuesday session in red amid volatile trading. The shares closed down -0.53 points or -1.01% at $52.14 with 10.74 million shares getting traded. Post opening the session at $52.90, the shares hit an intraday low of $52.08 and an intraday high of $53.06 and the price vacillated in this range throughout the day. The company has a market cap of $87.52 billion and the numbers of outstanding shares have been calculated to be 1.33 billion shares.

Nike Inc (NKE) reported fiscal 2017 financial results for its first quarter ended August 31, 2016. Strong global demand drove double-digit currency-neutral revenue growth internationally in the first quarter and six percent revenue growth in North America.

Diluted earnings per share for the quarter were $0.73, up 9 percent driven by strong revenue growth, operating overhead leverage, a lower effective tax rate and a lower average share count partially offset by a gross margin decline and higher demand creation expense in an Olympic quarter.

“Fueled by an incredible summer of sport, NIKE delivered strong global growth—and led the industry through disruptive innovation,” said Mark Parker, Chairman, President and CEO, NIKE, Inc. “Q1 also showed how we’re amplifying every category through sports style innovation, transforming retail by connecting the digital and physical experience and ushering in a new Era of Personalized Performance – through product, consumer connections and our supply chain. NIKE’s strategic investments in these growth opportunities continue to deliver long-term value to our shareholders.”

 

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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