How The Olympics Are Boosting Apparel Companies

February 20, 2018
Updated 4mo ago

Walmart shares are falling Tuesday after the company reported a lower-than-expected profit. Online sales growth slowed from the previous quarter and competition from Amazon continues to weigh, as even grocery chain Albertsons needed to make a deal with Rite Aid.

Plus, will the Olympics give a boost to apparel companies like official sponsor Ralph Lauren and sportswear maker Nike? We take a look at whether what athletes are wearing at the Games has any impact on the corresponding stock.

We also take a look at Snap shares, after analysts at Citigroup cut their price target on the stock. Shares were pulling back from eight-month highs over concerns about the messaging app's new redesign.