Today's biggest winners and losers in the stock market, a look at the notable movers: 
On this episode of Stock Movers:

- Nike (NKE) is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected. Nike shares fell as much as 8.9% after the announcement, with at least 10 analysts lowering their price targets for the stock, which has now fallen 49% this year.

- Shares of Western Digital and Seagate Technology are both dropping on Friday, after Nikkei reported that Toshiba would invest ¥60 billion to double its production capacity for hard disk drives. However, analysts see low risk from the report.

- Freeport-McMoRan (FCX) shares rose as much as 4% after the miner said that its third-quarter copper production and sales results are expected to meet guidance.

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Nike (NKE) is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected. Nike shares fell as much as 8.9% after the announcement, with at least 10 analysts lowering their price targets for the stock, which has now fallen 49% this year. - Shares of Western Digital and Seagate Technology are both dropping on Friday, after Nikkei reported that Toshiba would invest &yen;60 billion to double its production capacity for hard disk drives. However, analysts see low risk from the report. - Freeport-McMoRan (FCX) shares rose as much as 4% after the miner said that its third-quarter copper production and sales results are expected to meet guidance.

Listen for Short conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for Short conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Listen for short conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for short conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Nike Slumps, Seagate Falls, Freeport-McMoRan Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fc3498f6-d319-4c5d-ae44-b4d7013b15cc/transcript