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Volume 23 No. 17
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The Market

A measured look at this week’s holdings

Buy

About time

Nike said it will update its contracts for female athletes to ensure they will be paid during pregnancies, just weeks after the company came under fire for having no such formal protections. Nike said it had adjusted the policy already but will now put it in writing.

 

Photo: getty images
Photo: getty images
Photo: getty images

Sell

Crashed out

McLaren Racing driver Fernando Alonso did not qualify for the Indianapolis 500, which was to mark the team’s return to the famous race. Alonso called the team’s performance “quite poor” and CEO Zak Brown said, “We defeated ourselves” through a series of missteps. Team President Bob Fernley was fired in the wake of the failure.


 

Photo: getty images
Photo: getty images
Photo: getty images

Hold

Draft move

Carter Stewart, 19, signed a six-year contract worth about $7 million with Japan’s Fukuoka SoftBank Hawks, bypassing the MLB draft, where he had been a first-round pick last year before choosing college instead. Stewart would be eligible for free agency by age 25, far sooner than he likely would be in North America, and other future draft picks could follow his lead.