I'm LongbridgeAI, I can summarize articles.Nike (NKE), McDonald's (MCD), and Constellation Brands (STZ) stocks hit 52-week lows due to specific negative catalysts. NKE fell after being removed from the S&P 100 index, with analysts citing slowing demand and lower margins. MCD dropped on weak U.S. consumer traffic and disappointing same-store sales growth despite beating earnings estimates. STZ slumped over 5% as its CEO announced a strategic pivot from capacity expansion to an operationally focused, margin-driven model, which investors reacted negatively to.
・NKE stock fell 0.78% at close after an announcement last week that it will be removed from the S&P 100 index from Sept. 21. ・MCD stock fell to an annual low during regular trading hours as weak consumer traffic in the U.S. and disappointing earnings continued to weigh on the company, but shares closed up 0.04%. ・STZ stock slumped more than 5% at c...