Why is Nike’s stock dropping? 👟

What happens when the biggest sneaker brand on earth decides it doesn`t need shops? In 2020, Nike (NYSE: NKE) went direct. It cut wholesale partners loose to sell through its own channels, where the margins are better. But the shelves it walked away from didn`t stay empty. Other brands moved in, and Nike kept re-releasing old models instead of making new ones.

It hasn’t gone well for Nike since then. The stock is down almost 80% since 2021, and later this month the company is leaving the S&P 100 after nearly 18 years. If you want proof, walk into a sneaker shop here and look at the wall. Five years ago, it was mostly Nike swooshes. Count them now. No matter how good your app is. If you`re not on the shelf, you`re not in the conversation.

#fintok #money #stocks #nike #shopping

Chariot Resources (ASX:CC9) has commenced a 15-day geological mapping program at Iganna in Nigeria, funded and operated by ZhongNuo. The results will help determine which of Iganna, Fonlo or Saki is selected for the proposed minimum 1,500-metre diamond drilling program. Chariot Executive Chair and Managing Director Shanthar Pathmanathan joins The Stock Network’s Lel Smits to discuss the mapping program, selecting the drilling targets and key milestones ahead.

🇳🇬 Iganna mapping program in Nigeria
🪓 Selecting the drilling target
🚀 Key milestones

Would you take the minimum wage to run a company you built? Ruslan Kogan just proposed cutting his own salary from about $848,000 to roughly $50,000. The legal minimum, snd he says he`ll donate it. Everything rides on one target. If Kogan.com (ASX:KGN) doubles shareholder returns over five years, he gets shares worth about $50 million dollars. If it doesn`t, he gets nothing.

The bar starts above where shares are trading now, so he`s already behind before the clock starts. Here’s the part people are missing - he already owns nearly 18 per cent of the company, so his salary isn’t where the big money is. When a founder cuts their pay, look at what they own. That`s the real bet, and it was already on the table.

#fintok #millions #money #investing #entrepreneurs

FirstWave Cloud Technology (ASX:FCT) has filed a provisional patent for an AI-driven network monitoring and fault diagnosis system, advancing technology designed to automate fault investigation and move towards self-healing networks. The company’s share price rose 30%+ following the announcement.

🤖 AI-powered fault diagnosis: The system covered by the provisional patent uses multi-agent AI and large language models to analyse network context, investigate faults and provide automated, explainable root-cause diagnoses. Engineers can interact with the AI through a conversational interface and approve proposed fixes.
📈 Network monitoring growth: FirstWave says network monitoring revenue grew 34% to $6.9 million in FY26. The patented technology is being prepared for commercial launch as new features or a standalone module.
⚙️ Path towards self-healing: The technology uses device history and telemetry collected through FirstWave’s NMIS platform. Approved fixes are captured as operational knowledge, supporting networks that could detect, diagnose and potentially resolve faults with less human intervention.

“Network monitoring is our largest and fastest-growing revenue line and this patent is a deliberate decision to put AI at the centre of it.” – Danny Maher, FirstWave Cloud Technology CEO

Are leggings going out of fashion? Lululemon (NASDAQ: LULU) just told investors its legging sales fell about 20 per cent. That`s the product the whole company is built on. So what are people buying instead? Here`s how the interim boss put it, customers are looking for "away-from-body" silhouettes. In other words, baggy fits are in.

And there was worse news for the company. Lululemon said it expects next quarter’s profit to be much lower than analysts` forecasts. Lululemon`s shares fell about 18 per cent on the result, and they are already down more than 50 per cent this year. When you dominate a category, you own it right up until taste moves. Live by the legging, die by the legging.

#clothes #shop #fitness #stocks #money

Vanadium Resources (ASX:VR8) has secured a Right of First Refusal over a preferred brownfield site in South Africa for its planned V-Iron Plant, supporting the next stage of its project development strategy.

🏭 Preferred plant site secured: Vanadium Resources has secured rights over portions of the Highveld Industrial Park in eMalahleni, Mpumalanga, South Africa, identified as the planned site for the V-Iron Plant. The Right of First Refusal runs until 31 July 2027, with a 15-day pre-emptive right if third-party interest arises.
⚙️ Existing infrastructure: The brownfield site has heavy-industrial zoning, access to electricity, water and gas, established rail and road connections, and a skilled regional workforce with decades of metallurgical experience. The site-specific arrangement is expected to support Vanadium Resources’ Scoping Study and potential progression to DFS and FEED, subject to a positive outcome.
📈 Next project milestones: Vanadium Resources’ Accelerated V-Iron Plant Scoping Study remains on schedule for completion by 30 September 2026. The Company is also continuing discussions with strategic funding and development parties, while the V-Iron Plant remains subject to financing and definitive agreements.

“Securing the site with the ability to move to exclusivity when we need it, is a capital-efficient way to de-risk the next phase of the Project.” – Nick Diack, Vanadium Resources CEO

Impact Minerals (ASX:IPT) has released a positive early-stage scoping study for its 50%-owned Alluminous high purity alumina (HPA) business, favouring staged US development. Further technical validation, customer qualification and funding are required before a construction decision. Its complementary Lake Hope HPA Project in Western Australia is progressing in parallel. Managing Director Dr Mike Jones joins The Stock Network’s Lel Smits to discuss Alluminous, the US strategy and Lake Hope.

🧪 Alluminous scoping study
🇺🇲 Staged US development
🔬 Pilot testing, customer qualification and funding milestones
⛰️ Lake Hope progress and catalysts

Kaoko Metals (ASX) reported broad zones of visible copper mineralisation from the first two diamond drill holes at the Otniel Prospect within its Chalkos Copper-Silver Project in Namibia. Assays are expected in four to six weeks.

🪨 Broad copper intersections: DDOT002 intersects 60.25m of visible copper mineralisation from 36.65m down-hole, including 32.36m of strong visible mineralisation. DDOT001 returns 51.83m from 39.27m, including 17.2m of strong visible mineralisation.

🔬 Multiple copper minerals identified: Logging identifies malachite, chalcocite, cuprite, native copper, dioptase and chalcopyrite across multiple lithological units. Structural deformation and quartz veining provide early evidence of structural controls on copper deposition.

📈 Drilling continues: DDOT003 is testing the lateral extent of the mineralised system, with further holes planned before drilling moves to Donkey Hill. Assays from the first two holes are expected in approximately four to six weeks.

‘This is a highly encouraging start to the first-ever drilling of the 800km2 Chalkos Project, and we are excited to continue drilling at both the Otniel and Donkey Hill prospects.’ – Gerard O’Donovan, Kaoko Metals Managing Director