Nike Slips, Verizon Falls on SpaceX Telecom Talks

On this episode of Stock Movers: - Nike (NKE) shares slipped in late trading on Tuesday as cautious comments from executives offset results in the latest quarter that outpaced expectations. Sales of $11 billion in the fiscal fourth quarter ended May 31 surpassed the average of estimates compiled by Bloomberg, while earnings per share also exceeded expectations. -Verizon Communications (VZ) and AT&T (T) are among telecommunications stocks extending losses after news that Space Exploration Technologies and Charter Communications held executive-level talks about partnering on a consumer mobile phone offering that could directly challenge wireless providers, according to people familiar with the matter. - Strategy (MSTR) shares are under pressure Tuesday as Bitcoin breaks below $59,000 and crypto‑related stocks weaken across the board.See omnystudio.com/listener for privacy information.