Today, 1:43 PM
- Nike (NKE +3.3%) is the biggest gainer in the Dow 30 after HSBC boosts its rating to Buy from Hold.
- The investment firm sets lifts its price target by $4 to $60 on the Swoosh.
- HSBC: "While we have been cautious for quite a while on the stock as we saw too much enthusiasm and were even scolded by many investors when we downgraded our rating to Hold 18 months ago, sentiment has turned in a very quick manner recently with caution on Nike becoming the latest fashion."
Tue, Nov. 29, 6:21 AM
- Shoppers have finally got their hands on Nike's (NYSE:NKE) self-lacing, "Back to the Future Part II"-inspired sneakers after it went on sale in the U.S. Monday.
- The HyperAdapt 1.0 shoe, which will retail at $720, is Nike's "first step into the future of adaptive performance."
- That means the hi-top sneaker can sense how snugly it should be laced, without the wearer having to tighten and loosen it manually.
Fri, Nov. 25, 9:07 AM
- Channel checks from Piper Jaffray indicate most of the consumer action last night was focused on toys, electronics and beauty. The first two categories are business as usual for the shopping event, but strong traffic at beauty stores could be an extra boost for Ulta Salon (NASDAQ:ULTA), Sally Beauty Holdings (NYSE:SBH) and e.l.f. Beauty (NYSE:ELF).
- The investment firm also cited solid demand for smartwatches at Fossil (NASDAQ:FOSL) and Michael Kors (NYSE:KORS) stores, while also calling footwear traffic (NKE, UA, FL, FINL, DECK) and conversion rates encouraging.
- Source: Bloomberg
Thu, Nov. 17, 4:53 PM
Tue, Nov. 15, 2:48 PM
- Nike's (NKE) highly-anticipated HyperAdapt 1.0 shoes will be priced at $720 per pair. The pricing is below some of the early projections for the self-lacing athletic shoes.
- The product will be available beginning on December 1 at two of the company's stores in New York City before a wider national roll-out.
- TechCrunch's HyperAdapt 1.0 review
- Nike press release
Mon, Nov. 14, 8:26 AM
- Nike (NYSE:NKE) was one of the top selling brands on Alibaba during its Singles Day event last Friday, according to South China Morning Post.
- Shares of Nike are up 0.69% premarket to $51.12.
- Previously: Alibaba's 11.11 Singles' Day event over benchmarks (Nov. 11)
Sat, Nov. 12, 4:43 PM
- Barron's speaks with several prominent money managers.
- They are hopeful that Donald Trump will enact pro-growth tax and fiscal-stimulus policies, while avoiding overly protectionist measures.
- Even though biotech stocks have already rallied 10%, fund manager Arun Daniel believes that the benefits of a Trump administration on the bottom lines of biotech and drug companies are not yet fully priced in. ETFs: IBB, XBI, BIB, BBH, FBT, HQL, PBE, BIS, LABU, BBC, BBP, CNCR, LABD, UBIO, ARKG, ZBIO, LABS
- He's also bullish on stocks leveraged to government-backed infrastructure spending, his favorites being Jacobs Engineering (NYSE:JEC) and Martin Marietta Materials (NYSE:MLM).
- Some companies will likely be allowed to repatriate billions of dollars of profits at a low tax rate. Major beneficiaries could include Nike (NYSE:NKE), Procter & Gamble (NYSE:PG), Caterpillar (NYSE:CAT), Visa (NYSE:V) and Mastercard (NYSE:MA).
- Neuberger Berman's Joseph Amato says that a Trump administration will be better for stocks than bonds. "If [Trump] takes a measured approach and gets some level of concessions for U.S. workers, the trade concerns may be much ado about nothing," Amato says. "But that's a big if."
Fri, Nov. 11, 9:56 AM
Sat, Nov. 5, 5:02 PM
- Barron's notes that short interest in Nike (NYSE:NKE) ($1.9B) is at an all time high, +150% YTD. This suggests there's more short-term pressure to come for Nike, it says.
- Nike investors are used to better that 8% revenue growth, and it has been popular for so long that investors may have forgotten it's still subject to "fashion risk."
- With the competition (UA and OTCQX:ADDYY/OTCQX:ADDDF among others) having "upped its game," growing short interest indicates some think things might get worse before they get better.
Mon, Oct. 31, 7:28 AM
- Bank of America Merrill Lynch NKE)+to+Underperform/12183623.html" target="_blank">downgrades Nike (NKE) to an Underperform rating after having it previously set at Neutral.
- The investment firm predicts an erosion of market share to Under Armour and Adidas in Asia and other key markets.
- An update on futures orders will be the highlight of Nike's next earnings report due out in December.
- Shares of Nike are down 1.85% premarket to $51.06 vs. a 52-week trading range of $50.71 to $68.19.
Tue, Oct. 25, 8:50 AM
- Shares of Nike (NYSE:NKE) are being pulled down in early trading after Under Armour warns on its conference call of Q4 revenue growth below expectations (+20% vs. 22% consensus).
- Under Armour CEo Kevin Plank also gave a broad warning on margins.
- NKE -2.20% premarket to $50.73, just a fraction of the 16% drop in UA.
Mon, Oct. 24, 9:35 AM
Fri, Oct. 21, 9:09 AM
- Under Armour (NYSE:UA) will start selling the Curry 3 basketball shoe line next week when the NBA opens its season, according to ESPN.
- The first colorway of the Curry 3 is called the Dub Nation Heritage and features the colors of the Golden State Warriors (Curry 3 picture).
- The list price is $140, higher than the initial pricing on the the first Curry shoe, the Curry Two, and the Curry 2.5.
- Naturally, Nike (NYSE:NKE) has a full slate of new basketball shoes ready for the new NBA season and holiday rush. Notable products include the Kyrie3, LeBron 14, Air Jordan 1 Black Toe and Zoom KD9.
- Don't count out Adidas (OTCQX:ADDYY, OTCQX:ADDDF) just yet. The company is selling James Harden shoes and is betting on young stars after signing six of the top ten NBA picks this year (Brandon Ingram, Jaylen Brown, Dragan Bender, Kris Dunn, Jamal Murray and Thon Make) .
Fri, Oct. 14, 2:54 PM
- Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
- Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
- Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
- Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
- Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
- Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
Thu, Oct. 13, 1:02 PM
- Nike (NKE -1%) signs a sponsorship deal with Chelsea for a reported figure of $70M per year.
- The length of the contract hasn't been disclosed.
- Nike will supply uniforms for the team and special apparel lines for fans.
- The globally popular English Premiere League club has been with Adidas for the last six years under a contract that expires next June. Chelsea has fallen on some hard times recently compared to its past success, failing to qualify for the Champions League and currently standing at 6th in its domestic league.
Tue, Sep. 27, 5:35 PM