NKE

Market Performance: Stocks continued to decline, with the S&P 500 nearing its worst losing streak since August, influenced by drops in major tech stocks like Amazon and Microsoft, as well as concerns over AI valuations.

Salesforce Acquisition: Salesforce completed its $8.3 billion acquisition of Informatica ahead of schedule, signaling confidence in the integration, although concerns remain about AI's impact on its core business.

Meta Antitrust Case: A federal judge ruled in favor of Meta Platforms in an antitrust case, stating that the FTC failed to prove Meta's monopoly in social networking, which positively affected Meta's stock.

Apple's Market Share: iPhone sales surged in China, with Apple capturing 25% of the smartphone market, driven by strong demand for the iPhone 17, leading to a slight increase in Apple's stock.

Eli Lilly Trade: Jim Cramer's Charitable Trust is selling 10 shares of Eli Lilly, reducing its position to 90 shares and realizing a 330% gain from shares purchased in 2022, while increasing the price target to $1,100 per share due to the stock's recent parabolic rise.

Nike Investment: The Trust is buying 100 shares of Nike to increase its position to 1,400 shares, capitalizing on a recent decline in Nike's stock price, which the Trust believes is undervalued under CEO Elliott Hill's "Win Now" strategy.

Procter & Gamble Position: A new position in Procter & Gamble is being initiated with the purchase of 250 shares, as the Trust views it as a higher-quality investment compared to Kimberly-Clark, despite the latter's recent acquisition of Kenvue.

Market Outlook: The Trust anticipates a potential rotation back into consumer staples like Procter & Gamble as the market shifts focus from high-growth AI stocks, highlighting Procter’s strong growth track record and commitment to returning cash to shareholders.

Curry's Departure from Under Armour: NBA star Steph Curry and Under Armour have officially parted ways, allowing Curry to retain rights to his Curry Brand and pursue new shoe deals with other companies. The final Curry 13 shoe is set to release in February 2026.

Speculation on Future Partnerships: After the split, Curry was seen wearing Nike shoes, which has led to speculation about a potential return to Nike or partnerships with other brands like New Balance, Adidas, PUMA, and more, as he explores new opportunities in the sneaker industry.

Curry's Marketability: Despite the changes, Curry remains a highly marketable athlete, having the top-selling jersey in the 2023-2024 season and being the second most popular jersey in the following season, along with significant social media presence.

Potential Impact on Other Brands: Curry's association with a new brand could significantly boost that company's sales and visibility, especially if he chooses to partner with a non-Nike or Adidas brand to expand the reach of the Curry Brand.