By Geoffrey Smith 

Investing.com — Stocks in focus in premarket trade on Friday, September 24th. Refresh to see the most recent updates.

• Nike (NYSE:) stock fell 5.1% after it warned of possible product shortages in the coming months, due to extended Covid-19-driven plant closures in Vietnam, where it makes a large part of its footwear. Also, the company revised its guidance for both the current quarter and the entire year.  The news also dragged down Adidas (OTC:) by 3.1% and Under Armour (NYSE:) stock by 2.6%.
• China Evergrande Group ADRs (OTC:) fell another 10.2% after the Chinese real estate developer failed to pay all the holders of one of its dollar bonds on time on Thursday, pushing it into technical default. ADRs in China also fell as worries about broader financial trouble resurfaced. This was further fueled by the arrest and detention of HNA Group’s chairman.
• Costco (NASDAQ:) stock rose 0.5%, comfortably outperforming the market, after a strong quarterly update in which executives highlighted the return of panic buying and hoarding of essentials, caused by the summer wave of Delta-variant Covid-19.
• Trip.com (NASDAQ:) ADRs fell 2.5% as the Chinese travel site operator failed to escape the negativity surrounding Chinese assets, despite a better-than-expected set of quarterly results posted late on Thursday.
• Coinbase (NASDAQ:) stock fell 3.8% and Microstrategy (NASDAQ:) stock fell 5.9%, as two of the market’s favorite proxies for cryptocurrency suffered from a fresh attack on crypto by the People’s Bank of China. The central bank posted a statement on its website stating that crypto-related transactions in China are illegal. It also stated that any dealings of Chinese entities with foreign exchanges is now prohibited. This broadens the bank’s remit to regulate the sector. 
• IAC/InterActiveCorp (NASDAQ:) stock fell 0.5%, in line with the broader market, after reports saying it’s in advanced talks to buy Meredith (NYSE:), the publisher of People and other magazines.