Nike, Western Digital rise; Stitch Fix, Steelcase fall

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NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday:

3M Co., down $2.83 to $159.51.

The maker of adhesives and protective equipment is considering selling its food safety business, according to media reports.

Lululemon Athletica Inc., up $3.17 to $316.77.

The athletic apparel company will resume stock buybacks.

Western Digital Corp., up $2.45 to $38.92.

The hard drive maker is forming separate business units for its Flash and HDD technology assets.

Stitch Fix Inc., down $4.87 to $26.51.

The online clothing retailer reported a surprisingly big fiscal fourth-quarter loss.

Steelcase Inc., down $1.51 to $9.84.

The office furniture maker gave investors a disappointing revenue forecast as orders decline in its fiscal third quarter.

Beazer Homes USA Inc., down 49 cents to $11.65.

The home builder said orders jumped 37% during the first two months of its fiscal fourth quarter.

Johnson & Johnson, up 23 cents to $144.44.

The health care company began a study of a potential COVID-19 vaccine with partner Janssen Pharmaceutical.

Nike Inc., up $10.24 to $127.11.

The world’s largest sports apparel maker handily beat Wall Street’s fiscal first-quarter profit forecasts on strong online sales.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Johnson & Johnson (JNJ)
4.9063 of 5 stars
$146.65-1.3%3.25%9.14Hold$175.86
Stitch Fix (SFIX)
4.0892 of 5 stars
$2.19-2.7%N/A-2.13Reduce$3.16
Steelcase (SCS)
3.7409 of 5 stars
$11.89-1.7%3.36%17.49$11.00
Beazer Homes USA (BZH)
4.8905 of 5 stars
$26.71-1.8%N/A5.29Moderate Buy$35.67
Lululemon Athletica (LULU)
4.6865 of 5 stars
$359.64-1.4%N/A29.45Moderate Buy$483.61
Western Digital (WDC)
3.4806 of 5 stars
$68.38-1.7%N/A-9.59Moderate Buy$73.72
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Johnson & Johnson's Dip is a Strategic Buy Point for Investors

Johnson & Johnson's Dip is a Strategic Buy Point for Investors

JNJ shares hit a low, trading near $145 at under 14X earnings. With a high dividend yield, it's poised for a rebound.

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