NKE - NIKE, Inc.
80.53 0.00 (0.00%)
After hours: 5:15PM EDT
| Previous Close | 81.13 |
| Open | 80.72 |
| Bid | 80.30 x 1800 |
| Ask | 80.53 x 1000 |
| Day's Range | 79.45 - 81.23 |
| 52 Week Range | 66.53 - 90.00 |
| Volume | 4,626,123 |
| Avg. Volume | 6,378,046 |
| Market Cap | 126.182B |
| Beta (3Y Monthly) | 1.10 |
| PE Ratio (TTM) | 32.34 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.88 (1.08%) |
| Ex-Dividend Date | 2019-08-30 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Nike jumps into subscription sneaker service
Nike’s new subscription sneaker service comes around during back-to-school shopping season. Nike is just the latest company that's stepped into the subscription industry. Yahoo Finance’s Dan Roberts, Scott Gamm, and Anjalee Khemlani and Reggie Wade discuss.
- InvestorPlace
3 Big Reasons to Buy the Dip in Nike Stock
Athletic apparel giant Nike (NYSE:NKE) was having a great 2019 until recently. Back in mid-July, NKE stock was up roughly 20% year-to-date, largely in-line the S&P 500's 20% YTD gain. Unfortunately, escalating trade war tensions in August put a damper on Nike's good year. NKE stock has since dropped 10%. The S&P 500 is down just 3% over the same time frame.Source: TY Lim / Shutterstock.com Year to date, the S&P 500 is now up 16%, while Nike stock is up just 10%.In other words, thanks to U.S. President Donald Trump upping the trade war ante in early August with the threat of new tariffs on Chinese imports, Nike stock has gone from having a good year, to having a sub-par year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential This recent weakness in NKE stock is overstated. It won't last, and it will be replaced by a strong end-of-year rally for three big reasons.First, the fundamentals supporting Nike remain exceptionally favorable, and pave a path for NKE stock to hit $100 over the next twelve months. Second, the optics surrounding Nike and the trade war are set to materially improve into the end of 2019. Third, the technicals imply that NKE stock is on the verge of a generational buying opportunity.As such, I'm bullish on NKE stock on this recent dip. This is a winning stock trading at an attractive discount, with huge catalysts on the horizon and a chart that says a big rebound is coming soon. Nike's Fundamentals Pave a Path Towards $100The biggest reason to buy NKE stock on this recent dip is because the fundamentals remain very strong, and pave a path for huge upside in NKE stock over the next twelve months.Nike is firing on all cylinders right now, which hasn't always been the case. Back in 2015, German athletic apparel maker Adidas (OTCMKTS:ADDYY) paired up with celebrity musician Kanye West to capitalize on the athleisure trend by blending culture with sports (the partnership actually started in 2012, but 2015 was when Adidas launched the first Kanye shoe). It was a genius move. From mid-2015 to mid-2018, Adidas rattled off a streak of twelve consecutive quarters of double-digit, constant currency revenue growth.This brilliant Adidas move had a negative impact on Nike. From 2015 to 2018, Nike's constant currency revenue growth rate slowed from 14% to 4%. But, recognizing that they were losing share to Adidas, Nike launched Consumer Direct Offense in 2017, which focused on streamlining investment dollars into trend-setting metro areas, doubling down on direct sales, and accelerating the innovation pipeline.Nike has since done all three of those things. And it has worked. Adidas' constant currency growth rate has decelerated to 4% in 2019. Nike's accelerated to 11%.In other words, Nike is back. Usually, these fashion trends last several years. Fiscal 2019 was really the first year of this Nike-first trend. Thus, it increasingly appears that Nike is in the first few innings of a new above-trend growth ramp.The athletic apparel market projects to grow at a 5%-7% rate into 2025/26. Nike should grow above that rate -- probably around 7%-8%. Gross margins should trend higher due to strong consumer demand. Opex rates should fall gradually with revenue scale.That paves a viable runway towards $6.75 in EPS by fiscal 2026. Based on historically average 25-times forward multiple, that equates to a 2025 price target of nearly $170. Discounted back by 10% per year, that implies a fiscal 2020 price target of roughly $105. Trade War Optics Will Materially Improve NKE StockThe second big reason to buy the dip in NKE stock is because trade war optics -- which have killed the stock in August -- will meaningfully improve into the end of the year.My theory here is pretty simple. President Trump is all about winning the 2020 election. He knows that his odds of winning that election are highest if the U.S. economy is firing on all cylinders ahead of the election, especially since he has tied his presidency's success to stock market highs and big GDP numbers. How does Trump get that "firing on all cylinders" economy ahead of the election? He needs low rates to juice the economy.That's why he has been so adamant about the Fed cutting rates. But, in late July, the Fed disappointed by cutting rates only 25 basis points and not sounding very dovish with respect to future rate cuts. The Fed did say, though, that the U.S.-China trade war is essentially the biggest risk to the U.S. economy. Who is behind that trade war? Trump. So, in theory, all Trump has to do to get the Fed to cut rates is temporarily accelerate the trade war.He did just that -- the very day after the Fed only cut rates by 25 basis points. That's not a coincidence. Trump doesn't want these tariffs to actually materialize and meaningfully damage the U.S. economy ahead of the 2020 election. He just wants the threat of them to create enough economic cross-currents to get the Fed to cut rates, at which point he will pull the tariff threats and reduce trade tensions.The result? An economy firing on all cylinders heading into the 2020 election, supported by reduced trade tensions and juiced by low rates.Given this framework, I think it is very likely that over the next few months, trade war optics improve dramatically. As they do, stocks that are at the epicenter of the trade war, like Nike stock, will bounce back in a big way. Technicals Imply We Are on the Cusp of a Generational Buying OpportunityThe third big reason to buy the dip in NKE stock is that the technicals imply that we are on the cusp of a generational buying opportunity in Nike stock. Click to EnlargeConsider the chart. Over the past decade, NKE stock has been on a solid uptrend with a very strong multi-year support line that has held three times before. After each successful "test-and-hold" of this multi-year support line, NKE stock proceeded to rally in a big way over the subsequent several years.NKE stock is on the verge of testing this support line again. If it does, history says that a successful test of the support line will precede a big multi-year rally in the stock. Bottom Line on NKE StockNike stock has been hit hard by the trade war over the past month. This recent weakness is creating a compelling buying opportunity into a high-quality stock supported by favorable fundamentals, optics, and technicals. As such, buying the trade war dip in NKE stock this month seems like the right move.As of this writing, Luke Lango was long NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Big Reasons to Buy the Dip in Nike Stock appeared first on InvestorPlace.
- GOBankingRates
Most Valuable Sports Business Brands Worldwide
These brands dominate the sports business landscape.
- Motley Fool
ESG Investing: Is Nike a Responsible Investment?
If you’re searching for a feel-good stock, see how Nike scores on The Motley Fool’s ESG framework.
- American City Business Journals
Nike buys facility for proposed Goodyear plant
The apparel giant plans to retrofit the existing site into a $184.5 million factory for a proprietary part that goes into its popular Nike Air shoes.
- Reuters
Avenatti says he did nothing wrongful in Nike extortion case
Michael Avenatti, the lawyer and critic of U.S. President Donald Trump, on Monday said he did nothing "wrongful" in dealing with Nike Inc, and asked a federal judge to dismiss the criminal extortion case against him. Avenatti, 48, made his request in Manhattan federal court five days after saying the government's case should also be dismissed because it was a "vindictive and selective prosecution" stemming from his "feud" with Trump. A spokesman for U.S. Attorney Geoffrey Berman, whose office is prosecuting Avenatti, declined to comment.
- InvestorPlace
It’s Just a Matter of Time Before Canopy Growth’s Woes Hit Constellation
Canopy Growth (NYSE:CGC) failed to meet lowered earnings estimates but its problems have yet to hit its biggest owner. Constellation Brands (NYSE:STZ) bought 38% of the Canada-based marijuana company last year. It has warrants for CGC stock that would give it majority control.Source: Shutterstock But while Canopy shares are down by 25% from the $34.20 level they held the day before earnings were announced, Constellation shares have barely budged. They're down just $1 or about 0.5% over the last two trading sessions.Canopy looked on the bright side of life when it reported August 14. Its sales of dried cannabis rose 94% year over year was the headline. But on his conference call CEO Mark Zekulin confirmed he's leaving Canopy once a replacement is found. That should happen in the next few months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Constellation Doubles DownZekulin and his predecessor, Bruce Linton, invested heavily ahead of marijuana legalization, which has been moving slowly. They have also filed 56 patent applications, bought brands that can't be advertised, and sought international growth that doesn't exist.It was this optimism, and investment, that led Constellation to buy its first stake then double-down to its present 38% holding. It also bought those warrants that will, once exercised, give it majority control. Constellation's confidence helped fuel Canopy's rise.But the value of those warrants has been hit by the fall of Canopy shares. Constellation has gotten a delay in the exercise date, to up to eight years. This comes as Canopy has a deal buy Acreage Holdings (OTCMKTS:ACRGF) once the U.S. legalizes marijuana.Constellation, in other words, is tripling down on legal pot. Meanwhile, former CEO Linton, unceremoniously booted out last month as Canopy's co-CEO and board chair, told BNN Bloomberg he was a buyer of CGC stock after the shares fell on Aug. 15. * 10 Stocks Under $5 to Buy for Fall Until legalization, Constellation is sitting on warrants it can't exercise, an investment it can't get value from, and growth it can't access. Despite this, Constellation shares are up 21%, more than the general market in 2019. It's helped by continuing strong sales of Mexican beer brands like Corona and Modelo, and liquor brands like Svedka. Constellation is also selling 30 low-cost wine brands to E.J. Gallo for $1.7 billion, a little more than its original $3 billion asking price.The result is a company that's leveraged toward high-end brands of beer, wine and spirits, anticipating a windfall when its marijuana train comes in. Almost two-thirds of the analysts following Constellation rate it a buy. Risk? What Risk?Constellation stock is helped by first-quarter earnings that beat estimates. It earned $2.21 per share, when only $2.07 was expected.Even better numbers are anticipated for the current quarter, to be reported Sept. 27. Constellation is expected to deliver $2.63 per share of earnings on revenue of $2.3 billion.Canopy, meanwhile, is expected to see a loss of 26 cents per share when it reports next in November. Canopy's recent quarter sales of $90.5 million are just a blip on Constellation's $2.1 billion revenue figute last quarter."If you look at the speed of growth and the complexity of market regulations, the key is finding the right experience and the right person, and I think there are a number of sector backgrounds that could work well," Zekulin told BNN Bloomberg. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Constellation is certain to have a hand in choosing Zekulin's successor. Whomever it is, they are expected to bring stability to the company, as our Will Ashworth has written.So far, however, only superstars at companies like Nike (NYSE:NKE), Williams-Sonoma (NYSE:WSM) and Starbucks (NASDAQ:SBUX) are in the rumor mill. It's like a mid-major college football team that's only considering big-time head coaches for its program. Nick Saban is not walking through that door, and whoever does walk in is bound to be a disappointment. Bottom Line on Canopy Growth StockWhile the problems at Canopy Growth have yet to impact Constellation stock, I think it's only a matter of time before they do.While generations of Americans may be happy not to see their friends hauled off to jail for smoking weed, it takes time to build a scaled, legal marketplace. Canopy underestimated that time. So has Constellation Brands.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post It's Just a Matter of Time Before Canopy Growth's Woes Hit Constellation appeared first on InvestorPlace.
- American City Business Journals
Nike expands pregnancy benefit for sponsored athletes
The sportswear company will waive performance reductions for pregnant athletes for 18 months, six months longer than previously announced.
- InvestorPlace
Dow Jones Today: A Fantastic Friday
Despite more speculation that recession clouds are gathering, stocks cobbled together impressive gains to close another wild week. I mentioned earlier this week that some of the more important European economies, including Germany, are on the cusp of economic contractions and that are likely to spur the European Central Bank (ECB) into action.That was one catalyst for today's rally: talk that the ECB won't be sitting on the sidelines much longer and will attempt something with monetary policy aimed at perking up the region's sagging economies.Here in the U.S., it still seems like a stretch to say that a recession is imminent, but the University of Michigan Consumer Sentiment Index reading out today could be cause for concern for fans of President Donald Trump. That survey indicates independent and republican voters are growing concerned about the economy and could be apt to rein in spending. That data point was revealed just a day after the president spoke glowingly about the economy and the strength of the American consumer.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Even with all the recession chatter, the Nasdaq Composite rallied 1.67% while the S&P 500 climbed 1.44%. The Dow Jones Industrial Average closed the week with a gain of 1.20%. Fun fact, at least for day traders or those that like volatility: the S&P 500 has had intraday moves of at least 1% for nearly three straight trading weeks. Tariff TalkThese days, it's almost possible to discuss stocks, particularly many of the Dow members, with talking about tariffs. Plenty of stocks are more tariff-sensitive than others, and JPMorgan was talking about a few of those names today.Remember that while President Trump backed off some of the tariffs on Chinese goods set to go into effect on Sept. 1, he did not back off all of those levies. And the ones not going into effect next month were not eliminated. Those were merely delayed until mid-December.As for companies likely to be affected by the Sept.1 tariffs, those names include Dow components Dow (NYSE:DOW) and Caterpillar (NYSE:CAT). Somehow, Dow, the chemicals maker, was the second-best performer in the Dow today while industrial machinery maker Caterpillar was a solid gainer as well, adding 0.97%.Regarding Dow members that could be pinched by the December tariffs, assuming those penalties go into effect, JPMorgan includes Apple (NASDAQ:AAPL) and Nike (NYSE:NKE) on that list. However, both stocks closed higher today.The Home Depot (NYSE:HD) has been receiving elevated trade-related mentions, according to JPMorgan. Still, Home Depot is a heavily domestic company and the shares added 0.92% today ahead of next Tuesday's earnings report. Bad Bank Stocks on the DowEach of the Dow's financial services components, including JPMorgan Chase (NYSE:JPM), the largest U.S. bank, closed higher today. I mention this because, yes, banks are being drilled by declining net interest margin expectations at the hands of lower interest rates, but also because recent price action in the sector confirms investors can be confounded by analyst chatter.Just last week, a Wells Fargo analyst said valuations on bank stocks are attractive, but today the same analyst said "there is no way to sugar coat the negative impact of lower interest rates" on banks' net interest margins and per share earnings.As I pointed out a couple of times during financial services earnings season, the net interest margin issued was raised on a slew of bank earnings calls and at this point, should be baked into these stocks. Dow Jones Bottom LineWith all the aforementioned recession chatter swirling, the good news is that the Federal Reserve will not take that talk lightly and it is becoming increasingly likely that there could be another two rate cuts before the end of this year.While that may be good news, the risk is that with rates already so low by historical standards, the effectiveness of more rate reductions may not be up to investors' current expectations. Time will tell on that front, but the near-term path of least resistance would be for trade wars to cease.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: A Fantastic Friday appeared first on InvestorPlace.
- Motley Fool
Nike Launches a Subscription Shoe Service for Kids
It could save parents money and it may be the basis for other offers.
- Motley Fool
Nike Makes Moves to Control Its Retail Inventory
The company is using RFID and artificial intelligence to monitor inventory.
- Yahoo Finance
These are the largest companies in each U.S. state
Do you know what the largest company is in your state?
- InvestorPlace
Why It’s Time to Buy the Dip of Under Armour Stock
When it comes to Under Armour (NYSE:UAA) stock, I've loved to play the contrarian for some time. And being contrarian on UAA stock has been immensely profitable over the past year.Back in November 2018, UAA stock was flying high at $24 after the athletic apparel brand reported third- quarter numbers which easily beat average expectations. I warned that the pop was unsustainable and that the bearish thesis actually looked pretty good. By December 2018, after Under Armour had a bad Investor Day and amid a broader market selloff, UAA stock had dropped to below $17.I recommended that investors buy the dip of UAA stock. Within a month, Under Armour stock had rebounded by more than 20%, at which point I advised investors to sell Under Armour stock. UAA stock continued to rally well after that, all the way to $28, and I kept insisting that the rally was unsustainable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn late July, Under Armour reported underwhelming numbers. Ever since, UAA stock has fallen off a cliff. Today, the stock trades hands at $18, roughly where it was in late 2018. * 10 Cheap Dividend Stocks to Load Up On Now it's time to buy the dip of Under Armour stock again. Here's why. Under Armour Stock Is Too CheapThere are three main reasons why it's time to buy the dip of UAA stock again. The first reason is that the stock is now way too cheap.My core thesis on Under Armour is pretty simple.: UAA is the wrong company in the right space. Under Armour is the wrong company because it hasn't innovated or adapted to trends . Namely, the athletic apparel market has pivoted from performance apparel to lifestyle clothes.Under Armour hasn't made that pivot, and as a result, it continues to launch products that - while good - aren't as relevant as the new lifestyle products from Nike (NYSE:NKE), Lululemon (NASDAQ:LULU), and Adidas (OTCMKTS:ADDYY). That's why Under Armour has continued to grow at a much slower pace than those peers (in Q2, for example, UAA's constant currency revenue growth was just 3%).Nonetheless, the athletic apparel space is the right space to be in now. Consumers increasingly want to live active and healthy lifestyles and look like they do so. This is creating a rising tide that's lifting all boats in the athletic apparel space, even the ugliest boats like Under Armour. That's why Under Armour's revenue has continued to grow, despite the company's lack of product innovation.This dynamic will persist. Going forward, Under Armour's top line looks poised to rise about 5% annually , with healthy margin drivers through continued gross margin expansion and positive operating leverage. I've said time and time again that UAA's earnings per share should reach $1,50 by fiscal 2025. Based on Nike's average forward price- earnings multiple of 25, UAA stock should reach $37.50 in 2024. Discounted back by 10% per year, that equates to a 2019 price target for UAA stock of about $23.Thus, in late July, UAA stock was way overvalued. Now it's way undervalued. The Optics Will ImproveThe second reason to buy the dip of Under Armour stock is that it will look more attractive over the next few months.A big driver behind the recent selloff of Under Armour stock is President Donald Trump's threat to impose tariffs on more Chinese imports. Ostensibly, that's a bad thing for all athletic-apparel companies, since a bunch of athletic-apparel products are made in China. As a result, investors have indiscriminately sold athletic-apparel stocks over the past two weeks.But Under Armour's China exposure isn't huge (only 10% of its products are made in China ). Further, a big chunk of these tariffs have already been delayed , yet another sign that Trump doesn't actually want the trade war to escalate that much and is just doing some chest-puffing with the tariffs he's already announced.All these trade-war fears will likely cool over the next several months as they have always done after trade-war flare-ups under Trump. This cooling will provide a lift for UAA stock. The Stock Is OversoldThe third reason to buy the dip of Under Armour stock is that the stock is technically way oversold, and is due for a bounce-back.The Relative Strength Index of UAA stock has dropped to 20, well into oversold territory. The last time the RSI of UAA stock was this low was back in late 2018. Under Armour stock proceeded to bottom in late 2018 and rally by more than 20% over the next month.A similar dynamic could play out this time around. Consequently, the technicals are saying that UAA stock is near a bottom and on the verge of a nice bounce-back rally. The Bottom Line on UAA StockUnder Armour is the wrong company in the right space., so Under Armour stock will not be a long term winner. Instead, it's a "buy the dip, fade the rally" stock. Right now, UAA stock is in the middle of its biggest selloff in recent memory, meaning that it's time to start thinking about buying the shares on weakness.As of this writing, Luke Lango was long UAA, NKE, and LULU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Why It's Time to Buy the Dip of Under Armour Stock appeared first on InvestorPlace.
- Zacks
Nike (NKE) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Nike (NKE) closed at $79.51, marking a -1.88% move from the previous day.
- Motley Fool
Don’t Catch Falling Knives: The JCPenney Story
The retailer may well be too far gone to save, and its ill-defined turnaround plan won’t change that.
- Reuters
UPDATE 2-Lawyer Avenatti seeks to end 'vindictive' Nike prosecution he blames on Trump feud
Lawyer Michael Avenatti asked a federal judge to dismiss an indictment accusing him of trying to extort Nike Inc, saying he was targeted in a "vindictive and selective prosecution" because of his feud with U.S. President Donald Trump. In a Wednesday night court filing, Avenatti blamed the office of U.S. Attorney Geoffrey Berman in Manhattan for having "eschewed the typically careful and thoughtful fact-gathering investigation on which it historically prides itself" in its "zest to nab" him. Avenatti also said Trump and his family "have demonstrated genuine animus" toward him and that it was clear he would not have been prosecuted if not for that animus.
- Investopedia
Five Highest-Paid Soccer Players
Take a look at some of the world's highest-paid soccer players and see how they compare with one another.
- TheStreet.com
History of Nike: Timeline and Facts
How did what started as one man selling shoes from the back of a car grow into the sportswear giant we all know today?
- American City Business Journals
Under Armour helping Chicago kids get to first day of school
Under Armor Inc., the Baltimore-based athletic apparel company, on Wednesday said it is stepping up to partner with the Chicago Transit Authority (CTA) to offer free CTA bus and train rides to all Chicago elementary and high school students and their accompanying adults on the first day of classes on Sept. 3. The “First Day, Free Rides” partnership gives Under Armour (NYSE: UAA) some welcome publicity and burnishes the company's profile in a city where it has a large retail presence on North Michigan Avenue opposite one of its fiercest competitors Nike Inc. (NYSE: NKE). Noted Chicago Mayor Lori Lightfoot, “We are committed to improving the lives of Chicago’s children by providing them with the tools and resources necessary to keep them on the path to success.
- InvestorPlace
Nike Stock Is Set to Survive the Trade War
You may think that if the U.S.-China trade war escalates, Nike (NYSE:NKE) stock will be absolutely slammed. If it does, I think you should grab some shares.Source: Shutterstock While Nike stock has been volatile in 2019, it's still up 12.4% for the year -- trading around $81 on Aug. 14. That gives Nike a market cap of roughly $130 billion, with a price-to-earnings multiple of 32.7 and a minimal 22-cent-per-share dividend yielding just over 1%.Nike is due to next report earnings Sept. 26, for the quarter ending this month, with 71 cents per share expected on revenue of $10.45 billion. That's top-line growth of just 5% over last year. If NKE stock is overpriced relative to the market, why aren't analysts more worried about it?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nike MarketingNike has one of the best marketing shops in the world; it's always innovating. One of the latest innovations is the Nike Adventure Club. It's a subscription shoe service for children ages 2-10. For just $20 per month, kids can get four pairs of kicks a year -- with 100 options to choose from. * 15 Growth Stocks to Buy for the Long Haul The service should make Nike a huge online merchant right away, with the opportunity to then sell shoes and other apparel through ongoing relationships. It builds loyalty from the ground up, and solves a big pain point for parents, especially those residing outside big cities, because kids grow so quickly.Nike has made four technology buys in the last four years, the most recent being a predictive analytics outfit called Celect. The most important may be Invertex, an Israeli outfit bought in April. They created a 3D mobile scanning app called Nike Fit that can now help subscribers get their kids' shoe sizes right.Nike also isn't ignoring its sales channel. It's working with Foot Locker (NYSE:FL) on Power Stores -- community-focused retail locations. Together, Nike and Foot Locker have opened three locations and promoted them with digital ad campaigns honoring Nike designs and offering exclusive gear. Despite a disastrous spring quarter (thanks to the retail apocalypse), Foot Locker stock is surviving and is up 20% over the last two years. FL stock's dividend yields just under 4%. About That Trade WarNow, about that trade war.Unlike some other international product companies, Nike has fabulous control over, and flexibility with, its global supply chain. Wherever it needs manufacturing for a tactical advantage in order to evade tariffs, Nike has suppliers who are ready to act.While it's true that Nike still operates 109 manufacturing plants in China, 30 of which are dedicated to producing shoes, the company is moving elsewhere. It now has 105 plants in Vietnam, employing over 460,000 workers -- over 40% of Nike's 1.1 million manufacturing employees.This data comes from Nike's Manufacturing Map which is an interactive map of its supply chain. Here you can drill down to plants in 41 countries, 525 plants in all, where it makes its clothes, shoes and accessories. Nike sources materials from 11 different countries. Cambodia is home to 10 apparel plants and Indonesia houses 38 factories total. There are even 42 manufacturing plants in the United States. The Bottom Line on Nike StockNike stock would be hurt if the trade war gets worse, but it's resilient enough to keep going. Few companies are better positioned for the online transition. Nike opened a shop at Amazon (NASDAQ:AMZN) via a direct partnership deal in 2017 and treated it as an an outlet store during Amazon's recent Prime Day. But the company isn't blind to Amazon's power. It has a sophisticated direct-to-consumer operation that's picking up speed, one that promises higher margins than it gets from any retailer.Nike has delivered a return of over 20% per year over the last five years and the stock is up over 800% since the start of the recovery in 2009. It's one of those stocks for which any dip is a buying opportunity.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Nike Stock Is Set to Survive the Trade War appeared first on InvestorPlace.
- Investor's Business Daily
Stock Market Dives On Recession Warning, As Dow Jones Falls More Than 400 Points
The major stock indexes plunged early Wednesday after the bond market triggered a recession warning. Hot IPO stock Luckin Coffee crashed on earnings.
- Motley Fool
Nike Jumps Into the Subscription Fray, Launching a Kids' Shoe Service
Kids outgrow shoes at an alarming rate. By helping out parents, the shoe maker could bank some recurring revenue.
- InvestorPlace
Dow Jones Today: It Was a Good Day…Finally
For what seems like the first time in an eternity, stocks enjoyed a good day Tuesday. Much of that had to do with President Donald Trump pledging to back off of threats to levy fresh tariffs on Chinese imports starting next month.Citing "health, safety, national security and other factors," the U.S. Trade Representative (USTR) said that new tariffs on certain consumer-related items would be delayed until mid-December. That announcement came as officials from the U.S. and China, the warring factions in the trade spat, agreed to hold talks again in a couple of weeks."Separately, China's Commerce Ministry said Vice Premier Liu He had spoken by phone with U.S. Trade Representative Robert Lightizer and Treasury Secretary Steven Mnuchin and they agreed to talk again in two weeks," according to CNBC.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Dividend Stocks for Investors to Buy Right Now As recent history shows, trade talks between the U.S. and China can turn on a dime, but at least for today, the news was good and that was enough to send the Nasdaq Composite higher 1.95% while the S&P 500 rose 1.47%. The Dow Jones Industrial Average tacked on 1.44%.Something that has not been said here very often in recent weeks: in late trading, all 30 members of the Dow Jones Industrial Average were in the green. Tech Tops the DowSince stocks rallied due to trade news, it is not surprising that tariff-sensitive technology stocks were among Tuesday's big winners, including Dow components Apple (NASDAQ:AAPL) and Intel (NASDAQ:INTC), which added 4.23% and 2.72%, respectively."Further, as part of USTR's public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain article," said the USTR. "Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing."That list includes several products that Apple makes and Intel has some exposure to. So while today's pops in those names wasn't surprising, the moves higher were nonetheless embraced by investors.Not to be a downer, but this is an appropriate time to remind readers of just how sensitive technology stocks, including Apple, are to trade tiffs. You've probably experienced that phenomenon first hand this year, and data confirm the sector's export-heavy tendencies. In a note out today, S&P Dow Jones said S&P 500 technology companies got just over 58% of their 2018 sales from ex-U.S. markets, well above the 42.90% rate for the S&P 500 overall. More Dow WinnersAhead of Thursday's earnings reports Walmart (NYSE:WMT) jumped 2.21% today, but this was a tariff sympathy play. Looking at the list of items mentioned by the USTR, Walmart sells all of those things and the largest U.S. retailer hawks plenty of goods made in China.If the positive trade vibes stick, that is meaningful for Walmart ahead of the holiday shopping season because the company is a major seller of computers, toys, and video game-related fare. Additionally, many Walmart shoppers are price-sensitive. The idea of the retailer having to pass on tariff costs to consumers is largely viewed as unappealing to investors.Athletic apparel giant Nike (NYSE:NKE) gained 1.67% today. Again, this is a pretty simple scenario to explain: the USTR list mentioned "certain items of footwear and clothing" and Nike certainly makes "certain" clothing and footwear items. Bottom Line: Broad-Based Strength on the DowI'm fond of saying in this space that investors should not get too caught up in the gyrations of a single trading day, no matter how good or bad. However, another bright spot to consider is how broad the strength was.What I'm getting at is, plenty of Dow stocks that are not tariff-sensitive joined Tuesday's party. For example, all of the index's financial services names finished in the green while UnitedHealth (NYSE:UNH), a company with essentially no China exposure, surged 2.50% to finish as the third-best Dow performer behind Apple and Intel. Indeed, that's a positive sign.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post Dow Jones Today: It Was a Good Day…Finally appeared first on InvestorPlace.
- Zacks
Trade War Updates, CSCO Preview & Time to Buy RH Stock | Free Lunch
Did the global economic picture just turn more positive on U.S.-China trade war news? This episode of Free Lunch also takes a look at what to expect from Cisco (CSCO) and Macy's (M) earnings, and why RH is a Zacks Rank 1 (Strong Buy) stock.
- Yahoo Finance
Small footwear brands are heating up as young Americans head back to school
Smaller brands are continuing to outpace larger brands in the footwear and apparel market.
