|Bid||0.00 x 50000|
|Ask||0.00 x 50000|
|Day's Range||312.80 - 315.00|
|52 Week Range||195.00 - 316.85|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||32.60|
|Forward Dividend & Yield||3.35 (1.08%)|
|Ex-Dividend Date||May 10, 2019|
|1y Target Est||223.59|
When it comes to the big business of selling athletic shoes and other gear, Foot Locker is falling behind in the race, say analysts at Susquehanna Financial Group, who downgraded shares on Friday. Analysts Sam Poser and Will Gaertner cut their price target on Foot Locker to $41 from $47. While 2019 delivered a 28.9% gain for the S&P 500, Foot Locker shares dropped 31%, a decline that came as the returned about 3.7%.
Barring any unusually negative events, the major U.S.-based indices like the Dow Jones or the S&P 500 will likely close at or near record highs. Based on the robust momentum that American blue chips have demonstrated, the temptation is to stay the course. However, compelling arguments exist to consider shifting your portfolio toward international stocks.First, U.S.-based equity indices have already charted multiple years of remarkable growth. Although that in and of itself is no guarantee that they'll correct, at some point, the odds work against them. After all, markets tend to work in cycles. And as domestic valuations rise, astute investors will look at other sectors for superior growth opportunities. Overlooked international stocks may be that ticket.Second, not only have our benchmark indices skyrocketed, they've consistently dominated the broader performance of international stocks. Since the beginning of the decade, the S&P 500 has largely moved to ever higher plateaus. In comparison, the rest of the world - including viable emerging markets - have flatlined. Based on cyclical probabilities, the capital return potential is higher with global names.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFinally, the Trump administration is facing its toughest domestic challenge (aside from the impeachment hearings) in 2020. Of course, I'm referring to the general election. Given that the President isn't exactly killing it in public opinion polls, the economy is crucial. A good one may secure a second term but a bad one will cripple his chances. * 7 Vaping Stocks to Get into Ahead of the Crowd Therefore, the White House has every incentive to cool its "law and order" agenda. And that may bode well for international stocks, especially considering the recent limited trade deal between the U.S. and China.With that, here are seven international stocks worth considering for the new year: International Stocks Worth a Visit: Sony (SNE)Source: Sundry Photography / Shutterstock.com For many years, international stocks originating from Japan have been an afterthought. As you know, the country has a litany of economic and social challenges that make it unattractive to conservative investors. But Japan's flagship company Sony (NYSE:SNE) has really bucked expectations. On a year-to-date basis, SNE stock is up over 43%.That said, the natural reaction is to question whether such momentum is an anomaly. To be fair, its performance over the past several years have been stilted and generally unconvincing. However, the consumer tech firm's release of the PlayStation 5 at the end of 2020 should help sustain momentum in SNE stock.While naysayers may criticize video games as being threatened by streaming alternatives, I'm not convinced. The reason is that you can substantial computing power in a physical console. And with graphics processors having improved significantly since the predecessor PS4 debuted, the PS5 should be groundbreaking. Therefore, don't give up on SNE stock just yet! Japan Airlines (JAPSY)Source: Shutterstock Typically, I don't like putting speculative names up high on my gallery slides. However, I'll make an exception for Japan Airlines (OTCMKTS:JAPSY). Unlike other major airliners like Delta (NYSE:DAL) or United Airlines (NASDAQ:UAL), JAPSY stock does not have an upward bias. Instead, shares have undulated like a roller coaster over the past five years.However, JAPSY stock may be on the upswing, possibly in the next months ahead. Tokyo will host the 2020 Summer Olympics, bringing the city and Japan into the global limelight. Furthermore, Japan already hosted the 2019 Rugby World Cup. This was not only another showpiece for the nation, but it served as a test for the infrastructural demands that will come as an Olympics host. * 10 Best Stocks to Buy and Hold Forever Obviously, the Olympics will lure millions of visitors, which is an opportunity for JAPSY stock. Plus, the country ranks among the most popular destination spots for tourists. Therefore, the chance for recurring tourism business is quite high. Adidas (ADDYY)Source: 2p2play / Shutterstock.com Among the strongest international stocks this year has been German athletic apparel maker Adidas (OTCMKTS:ADDYY). Since January's opening price, ADDYY stock has skyrocketed 53%. However, fears of a European consumer slowdown and a possible recession took the wind out its sails. But with improving relations between the U.S. and China, the Atlantic consumer may just bounce back.In such a circumstance, it would bode well for ADDYY stock and not just for broader geopolitical reasons. Instead, from the angle of its core industry, Adidas has many untapped opportunities to advantage. Better yet, management has a long-term plan to address these opportunities. For instance, the company has teamed up with singer Beyonce to launch a collection of gender-neutral shoes.Furthermore, Adidas' venture with Beyonce helps close the gap with Nike (NYSE:NKE) regarding female-consumer market share. The deal may also boost the German company's profile in Europe and China, where Nike has led in growth rate. Deutsche Post (DPSGY)Source: Shutterstock Millennials love the environment. In fact, their passion for going green extends so meaningfully that companies are actively adjusting to their demands. A company that can possibly benefit from this emerging culture and shifting mores is Deutsche Post (OTCMKTS:DPSGY). Since hitting all-time highs in early 2018, DPSGY stock has come down significantly.However, momentum could shift to the upside for 2020. Primarily, DPSGY stock has a catalyst in subsidiary company StreetScooter, which Deutsche Post acquired in December 2014. An electric vehicle manufacturer, StreetScooter specializes in eco-friendly delivery vehicles. In 2020, DHL, also under the Deutsche Post corporate umbrella, will launch zero-emission EVs in the U.S. * 7 Safe Dividend Stocks for Investors to Buy Right Now Over the past several months, I've been skeptical of the mass integration of alternative energy vehicles due to infrastructural requirements. But with individual entities, it might work out. Modern American metropolises are actively seeking ways to reduce emissions. With Deutsche Post's green focus, DPSGY stock just might see some green itself. TAL Education Group (TAL)Source: Shutterstock One of the characteristics of Asian companies is their emphasis on longer-term strategies over immediate gratification. As Harvard Business Review points out, Toyota's (NYSE:TM) patient, forward-looking approach contributed to its modern-day successes. This is one of the key reasons why I like TAL Education Group (NYSE:TAL) and TAL stock.Most lists of international stocks that have exposure to China will include the obvious names like Alibaba (NYSE:BABA) or Tencent (OTCMKTS:TCEHY). Certainly, these names have skyrocketed thanks to the thawing of the ice between the U.S. and China. However, keep in mind that TAL stock moved substantially higher well before the limited trade agreement.Why? As an after-school tutoring program, TAL stock is a bet on China's future generation. In terms of international stocks in China, I think this is a more reasonable bet. Virtually all Asian countries prioritize education, aligning with cultural and societal expectations. Thus, trade war or not, TAL has a bright future. Autohome (ATHM)Source: Shutterstock Without any recent context, China's Autohome (NYSE:ATHM) appears as a no-brainer investment among international stocks. First, ATHM stock is levered to the world's biggest automotive market. Second, Autohome specializes in providing automotive information to consumers.However, China's auto market has worryingly contracted this year. As a result, ATHM stock took a beating after peaking in the spring season.Still, the biggest catalyst for the organization is obviously the limited trade agreement. It sets the stage for a more meaningful deal later. Furthermore, the Trump administration can't afford to roll the dice with the economy. Thus, ATHM stock may enjoy some upside due to a reinvigorated consumer base. * 5 Great Year-End Financial Planning Moves One other point to keep in mind: China's car market is incredibly diverse. For instance, unlike Japan, Chinese consumers love American cars. Therefore, with so much product diversity, the demand for Autohome will likely only increase. Norilsk Nickel (NILSY)Source: Shutterstock At least in the western world, Russia isn't a very popular country. But Norilsk Nickel (OTCMKTS:NILSY) demonstrates why you can't let your emotions dictate your investing decisions. Although NILSY stock is risky because it's Russian and a mining company, it should rank highly in your list of international stocks to buy.That's because Norilsk is one of the biggest producers of the precious metal palladium. A key metal in terms of emissions control and various technologies, palladium is incredibly rare. Thus, despite the rocky geopolitics surrounding Russia, NILSY stock is an absolute screamer. On a YTD basis, shares are up 70%.Because of its rarity and incredible demand, I don't think palladium will come down meaningfully. Seemingly out of nowhere, palladium became the most expensive precious metal, exceeding the gold price by a few hundred bucks. Until we see a paradigm shift again in the commodities market, the future looks bright for NILSY stock.As of this writing, Josh Enomoto is long SNE, palladium and gold. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post 7 International Stocks Worth a Visit appeared first on InvestorPlace.
Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat. The world's largest footwear maker faces intense competition from brands like Adidas, Skechers and VF Corp's Vans in North America, even as it pushes to sell exclusive merchandise through its tap-and-buy SNKRS app and retail stores. In its attempt to gain market share over rivals, Nike has collaborated with celebrities, ramped up sneaker launches and increased marketing around major sporting events.
Adidas will start selling a new collection designed with singer Beyonce on Jan. 18 in a relaunch of her Ivy Park brand that includes shoes, clothes and accessories, mostly in maroon, orange and cream. Adidas described the collection, which features on the cover of January's Elle magazine, as gender neutral. It includes jumpsuits, cargo pants, hoodies and cycling shorts, mostly featuring signature Adidas triple-stripes.
(Bloomberg Opinion) -- Billionaire Mike Ashley has unpacked a haul of good news from his giant Sports Direct bag, the first investors in the sportswear-to-statement jacket empire have enjoyed for a while.After a dismal showing in July — when Sports Direct International Plc first delayed its full-year earnings statement, and then accompanied it with news it faced a surprise tax bill in Belgium potentially worth 674 million euros ($750 million) — the bar for doing better was pretty low.But the group seems to be stabilizing after the tumultuous period in the wake of its acquisition of the troubled House of Fraser department store chain in August 2018.For now, Sports Direct hasn’t split out House of Fraser’s sales and profits. Instead, the storied British chain has been lumped in with the premium lifestyle division, which includes the upmarket Flannels boutiques. In the half year to Oct. 27, the unit made a loss on an underlying Ebitda basis of 5.6 million pounds, compared with a deficit of 29 million pounds in the year-earlier period.This implies House of Fraser’s losses shrunk noticeably. Tony Shiret at Whitman Howard estimates the loss at about 10 million pounds, compared with 31.5 million pounds previously.This all led Ashley to declare “green shoots of recovery” at the department store. More importantly, he also had good news for the outlook. The company now expects full-year underlying Ebitda of between 356.4 million pounds and 390.3 million pounds. That’s up by between 5% and 15% — the range the company has historically targeted — from 339.4 million pounds in the year to April 2019, excluding House of Fraser.Ashley also provided reassurance on the Belgian tax bill, saying that it won’t be such a big problem after all, and should not lead to a material charge. Finally, a 120 million-pound sale and leaseback for Sports Direct’s Shirebook campus has helped to halve net debt, which had been ratcheting up.The shares rose as much as 27%. But investors shouldn’t get too ahead of themselves. First of all, there is still work to do at House of Fraser. While the group will move forward with a number of stores under the Frasers banner — also the new name for Sports Direct — more outlets will close. Sports Direct must also convince the luxury brands to back his Frasers vision, although this should receive a boost from the Flannels offering. Brands such as Burberry Group Plc were much in evidence at Flannels’ new flagship on London’s Oxford Street.While much attention has focused on House of Fraser, it and Flannels are still a small part of the group. It is the core Sports Direct sportswear stores that drive the performance. Here sales, excluding acquisitions, fell 8.6%, as Sports Direct took the division upmarket. Revamped stores are performing well, and selling more expensive items, together with less discounting, is bolstering margins. But the group can’t let up the pace of these refurbishments. Ashley will have to convince the big sportswear brands, Nike Inc. and Adidas AG to supply it with their hottest sneakers, just at a time when Nike is becoming more choosey about who it sells to.And let’s not forget the risk of impulsive action from Ashley himself. The strategy of taking advantage of others’ misery by acquiring brands to sell in his stores is a sensible one. But the dangers of overstretch, as well as unconventional corporate governance moves, are ever present.Compared to this time last year, Sports Direct has things under more control. Investors will be looking out to see if the same can the same be said of its unpredictable founder.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Shoemaker Skechers USA Inc is expected to post earnings growth on pace with Nike Inc over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron's reported in its Dec. 7 edition. Analysts estimate Skechers' earnings-per-share will rise 15% this year and in 2020, and 12% in 2021. Skechers sells trainers, dress shoes, sandals and boots - a broader range than Nike - and has grown over the past 20 years to become the third-largest global footwear brand by revenue, after Nike and Adidas AG, the paper said.
Dicks Sporting Goods (NYSE: DKS ) shares skyrocketed after the retailer delivered a big third quarter earnings beat on Tuesday. The company reported a 6% comp gain, its strongest same-store sales since ...
Foot Locker, Inc. (NYSE: FL ) reported a third quarter earnings beat on Friday, but a sales miss sent shares plunging. The Analyst and Rating Cowen analyst John Kernan reiterated a Market Perform rating ...
Yoda taught us that a Jedi must have the deepest commitment, the most serious mind. But good shoes can't hurt. For that, Adidas AG (OTC: ADDYY ) in collaboration with Walt Disney Co.'s (NYSE: DIS ) Lucasfilm, ...
(Bloomberg Opinion) -- Earlier this week, my Bloomberg Opinion colleague Chris Bryant examined the ongoing troubles for advanced jet engines used on today’s commercial airliners. These engines now seem to be reaching their technical limits, and as Bryant says, we may be asking too much of the technology.That’s not great news for the companies making those turbines, or for those flying the aircraft. It’s also not the best news for the climate, given the trajectory of emissions from air travel and air freight. Carbon dioxide emissions from commercial aviation made up 2.4% of global emissions in 2018 and, according to the International Council on Clean Transportation, have grown 32% in just five years.The geography of those emissions is highly concentrated. Three markets — the U.S., the European Union and China — account for more than half of all emissions; the top 10 emitters contribute more than 70% of the global total.There’s something hopeful, actually, in that geographical distribution. High concentration means that tackling emissions in just three markets can have an outsized impact, and standards set in those large markets are easy for others to follow. There’s another aspect to the distribution of aviation emissions that’s worth examining: emissions by type of aircraft. Bryant writes of problems with engines on both widebody and narrowbody aircraft: the Rolls-Royce Holdings Plc Trent 1000 engines used on the widebody Boeing Co. 787, and United Technologies Corp. subsidiary Pratt & Whitney’s geared turbofan used on the narrowbody Airbus SE A320neo. While widebody aircraft make up one-third of global emissions, narrowbody and regional passenger plans are almost half. If the turbines used to propel the largest and longest-range of aircraft are approaching technical limits but almost half of emissions are from shorter-range and smaller aircraft, then there’s space to innovate, for emissions’ sake, at the short and small end. And that space looks electric and hybrid. Next month, Vancouver-based Harbour Air will fly its first electric seaplane, a De Havilland DHC-2 Beaver prototype retrofitted with a propulsion system from Seattle-based electric aviation company MagniX. It’s a first look at what electric commercial flight could be, and as it draws upon a sophisticated, global and continually improving network of battery makers while the cost of batteries continues to decrease, it has room to grow. “Because of airborne mobility development, this technology is unstoppable, and it’s getting more practical as every day goes by,” says Greg McDougall, Harbour Air’s CEO. “The brainpower and money involved is snowballing, and there’s no doubt we can roll out what we’re doing to other small airlines.” It’s an infectious enthusiasm, but it just might take to the air elsewhere, too. Weekend readingThe Qantas Group plans to reach net zero carbon emissions by 2050. Meanwhile, Formula 1 plans to reach that milestone by 2030. Ferrari says its new Roma coupe is inspired by the postwar Eternal City. It’s a bit of a step up from the Vespas and Topolinos of the film “Roman Holiday.” The European Investment Bank will not consider new financing of unabated fossil fuels, including natural gas, after 2021. Sweden’s Riksbank is selling bonds issued by the Canadian province of Alberta and the Australian states of Queensland and Western Australia due to those areas’ large climate impacts. How Australia’s big businesses saw the climate turning point coming. The world’s biggest gun has helped solve a long-standing space mystery: the risk that orbiting microdebris poses to satellites. Weather-tech startup Understory is selling Hail Safe, an insurance product that protects auto dealers from hailstorm damages. Think tank Macro Polo’s deep dive into the organic light-emitting diode (OLED) supply chain in East Asia. Adidas has abandoned its robot factory experiment. Open-source code will survive the apocalypse in an Arctic cave. Silicon Valley’s Singularity University is cutting staff, and its CEO is stepping down. Elon Musk’s keep-it-in-the-family deal for SolarCity has become the top threat to Tesla Inc.’s future. The new dot-com bubble is here: It’s called online advertising. Designer Iris van Herpen’s work is inspired by the Large Hadron Collider. A fascinating look at how American brands became indelibly Japanese. In data journalism, technology still matters less than people. The coming age of generative biology. Get Sparklines delivered to your inbox. Sign up here. And subscribe to Bloomberg All Access and get much, much more. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, the Bloomberg Open and the Bloomberg Close.To contact the author of this story: Nathaniel Bullard at firstname.lastname@example.orgTo contact the editor responsible for this story: Brooke Sample at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Adidas plans to close high-tech "robot" factories in Germany and the United States it launched to bring production closer to customers, saying on Monday deploying some of the technology in Asia would be "more economic and flexible". The Adidas factories were part of a drive to meet demand for faster delivery of new styles to its major markets and to counter rising wages in Asia and higher shipping costs. It originally planned a global network of similar factories.
You can get paid to shop on Thursday — if you play your credit cards right. Online shoppers who browse deals through RetailMeNot’s discount and coupon code site during this 24-hour window can get generous cash back offers that are double or triple those of many rewards credit cards. RetailMeNot has dubbed this Cash Back Day, and hundreds of stores, including Amazon (AMZN) Target (TGT) Home Depot (HD) Macy’s (AT:MACY) Disney (DIS) and CVS (CVS) are offering rewards for purchases made on their websites Nov. 7.
The pan-European STOXX 600 index closed 0.2% higher and was about 2% away from reclaiming its record high level, hit last in April 2015. European shares have logged strong gains this week on growing optimism over a trade truce between the United States and China. "All the good news regarding trade has also been largely priced in, so if the rumors prove to be wrong the risk to the potential downside are actually far bigger," said Simona Gambarini, markets economist at Capital Economics in London.
German sportswear company Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West. Adidas decided to limit supplies of Yeezy products this year to maintain their exclusivity, Chief Executive Kasper Rorsted told journalists. Shares in Adidas, which have risen by more than a third in the last year, were down 2.9% at 1046 GMT.
German sportswear company Adidas said it expects a significant acceleration of sales in the fourth quarter after it reported stronger-than-expected sales and operating profit for the third quarter as it returned to growth in Europe. Sales rose a currency-adjusted 6% to 6.41 billion euros ($7.10 billion), beating average analyst forecasts for 6.32 billion euros, while operating profit was flat at 897 million euros, also above analyst consensus for 882 million euros. Shares in Adidas were up 1.1% at 0716 GMT in early Frankfurt trade.
It began Monday when Adidas AG (ADR) (OTC: ADDYY) CMO Eric Liedtke announced he was stepping down. Liedtke was largely responsible for Adidas’ resurgence in North America and was presumably the company’s next pick for CEO. On Tuesday, more bombshells were dropped when Under Armour Inc (NYSE: UAA) CEO and Founder Kevin Plank announced he was resigning, followed by Nike Inc (NYSE: NKE) CEO Mark Parker resignation just a few hours later.
Nike shares traded higher Monday after analysts at Bank of America Merrill Lynch lift their rating on the stock and boost their price target even as they noted the resurgence of rival Adidas as a 'significant global competitor.'