Today's charts: Nike gains on Amazon talk; Citi downgrades Target; Oracle earnings on tap

Seana Smith
·Host

Yahoo Finance is tracking Target, Nike, eBay and Oracle in intraday trading on Wednesday.

Target (TGT) – Citi (C) downgraded Target to neutral from buy, noting concerns about traffic and increased competition from firms like Amazon (AMZN) and Wal-Mart (WMT). Target shares have fallen nearly 30% so far this year.

Nike (NKE) – The athletic apparel company may be considering selling its products directly through Amazon, according to a Goldman Sachs research note. Goldman Sachs analyst Lindsey Drucker Mann wrote, “Taking this step would give NKE direct economic exposure to a large and fast growing distribution channel, while improving the brand presentation and expanding access to millennial shoppers.” Gordon Haskett analyst Chuck Grom warns that it could have a negative impact on traditional retailers, particularly JCPenney (JCP) and Kohl’s (KSS).

eBay (EBAY) – The e-commerce giant will now match Amazon’s, Walmart’s and other retail giants’ prices on more than 50,000 items. eBay’s new Price Match Guarantee promises customers that it will have the best deal online or match the lowest price of a competitor.

Oracle (ORCL) – The software giant is scheduled to report fiscal fourth-quarter earnings after the bell Wednesday. Analysts will be keeping a close eye on whether it will show significant growth in its cloud business and if it’s able to end a two year slump in profit and revenue. Analysts are expecting earnings per share of 78 cents on revenue of $10.45 billion.

For more on Wednesday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.