|Bid||82.90 x 1200|
|Ask||82.90 x 1200|
|Day's Range||80.89 - 83.22|
|52 Week Range||63.21 - 88.59|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||32.07|
|Earnings Date||Mar 20, 2019 - Mar 25, 2019|
|Forward Dividend & Yield||0.88 (1.07%)|
|1y Target Est||89.85|
Michael Avenatti, celebrity lawyer and frequent critic of President Trump, was arrested today on charges of bank and wire fraud, in connection to an alleged $20 million extortion scheme against Nike. Breaking down the latest news on this story is Yahoo Finance's Alexis Keenan.
Authorities in New York say he allegedly tried to extort up to $25 million from apparel giant Nike; in a separate case in Los Angeles, he has been accused of wire and bank fraud.
Michael Avenatti, the attorney best known for representing porn actress Stormy Daniels in lawsuits against President Donald Trump, was arrested in New York Monday on charges he tried to extort millions of dollars from Nike. (March 25)
Michael Avenatti is arrested after conspiring to commit extortion against Nike, related to the company paying high school basketball players. CNBC's Eric Chemi reports.
Mar.25 -- California lawyer Michael Avenatti was arrested and charged by federal prosecutors in New York with attempting to extort millions of dollars out of Nike Inc. by threatening to release damaging information about the company. Bloomberg's David Voreacos has more on "Bloomberg Markets."
Geoffrey Berman, U.S. attorney, delivers comments on the arrest of celebrity lawyer Michael Avenatti. Avenatti was arrested for an alleged $20 million extortion attempt against Nike.
The first instinct by market bulls is to buy after Robert Mueller's report on President Donald Trump. Not so fast.
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In California, prosecutors say, he stole a client’s $1.6 million settlement and used it to cover expenses. In New York, he’s accused of telling Nike he’d cancel a press conference accusing the company of making illegal payoffs to promising basketball players. Instead, Nike went to prosecutors.
Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged on Monday with what prosecutors said was an attempt to "shake down" Nike Inc for over $20 million. Avenatti, who was also hit with separate embezzlement and fraud charges in U.S. District Court in Los Angeles, was arrested in New York. A federal magistrate judge ordered Avenatti released on $300,000 bond during a hearing in U.S. District Court in New York.
shares were active Monday after the U.S. Justice Department said it would charge Michael Avenatti with extortion just minutes after the controversial attorney tweeted about exposing a "major high school basketball scandal" linked to the world's biggest sportswear company. The DoJ said it would bring charges against Avenatti related to an attempt to extort more than $20 million from Nike, according to criminal complaint filed in New York and first reported by CNBC. CNBC reported that Avenatti demanded payments of $22.5 million from Nike under threat of releasing damaging information about the company he said would significantly impact its market value.
Lululemon Stock Downgraded ahead of Q4 ResultsRating downgraded by WedbushOn March 22, Lululemon (LULU) stock fell 3.8% as Wedbush lowered its rating to “neutral” from “outperform” and reduced its price target to $155 from $176. Wedbush
Michael Avenatti, Stormy Daniels' former lawyer, has been charged with trying to extort $20 million from Nike. Nike stock slipped on the stock market.
Nike Inc. shares fell then recovered most of their losses in afternoon trade Monday, after a drama-filled ten-minute period in which lawyer Michael Avenatti said he would unveil a major scandal involving the sporting goods giant — before being arrested.
Nike stock seesawed after a bizarre set of events, in which a high-profile attorney announced plans to disclose a “major” scandal concerning the company—before finding himself charged with attempting to extort Nike.
Nike’s caution about the fiscal fourth quarter isn’t shared with analysts, but shares are down in Friday trading.
Major U.S. indices are down slightly on Monday, as investors still mull over the development of a potential slowing global economy. That's left some stocks to do well on the day and others to drag their feet. Let's look at our top stock trades for Tuesday. Top Stock Trades for Tomorrow 1: AppleLet's look at the big name of the day, and that's Apple (NASDAQ:AAPL) with its slew of Services announcements. $195 is now acting as a roadblock to Apple stock and the 200-day moving average isn't holding up as support.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe name could remain volatile over the next session or two following this announcement, but for now it looks like shares are set to pullback. That's important, as it helps unwind the overbought condition that Apple has been carrying for the last week or so. * 7 Dual-Class Stocks That Will Outperform So what now? Look to see if $185 -- the prior gap level from November -- holds as support. Just below, near $182 is the 20-day moving average and uptrend support (blue line). Below these levels and the $175 mark is on the table, where Apple posted its big breakout from earlier this month. Top Stock Trades for Tomorrow 2: RokuAt one point, Roku (NASDAQ:ROKU) was up more than 6% on Monday while its CEO was at the Apple event. Shares have since cooled somewhat, but are still up 4% on the day after Apple said its Apple TV app would work with Roku.The stock is well off its session highs, but is still holding up over the 20-day moving average. That's important for bulls, particularly as the overall market remains under pressure. However, momentum is susceptible to fading here and if it does, we could see ROKU stock back near $60.If that's the case, see how this level holds up as support. Should shares continue higher, see if they can fill the gap back up to $71. If it can, Roku may test its all-time highs. Top Stock Trades for Tomorrow 3: TeslaA big downgrade from RBC sunk shares of Tesla (NASDAQ:TSLA) on Monday, as the downward pressure continues. However, the stock is finally down in that buyers' support zone we've talked about before.Down into this $250 to $260 zone, investors can take a limit-risk shot on the long side knowing that a close below this area would be their exit. On a rally, investors can use three upside targets: short-term downtrend resistance (black line), the 20-day moving average and medium-term downtrend resistance (blue line)/the 50-day moving average. Top Stock Trades for Tomorrow 4: NikeWe recently covered Nike (NYSE:NKE) thanks to earnings, but the company's name is back in the news on Monday after lawyer Michael Avenatti was arrested on extortion attempts against the athletic apparel maker.Shares rallied higher on Monday but failed at the 50-day moving average before turning lower. Given that this level failed to buoy Nike meant the 200-day moving average was on the table.Let's see if we can get a pullback into this $78 to $80 area and if so, we can take a calculated shot on the long side. Top Stock Trades for Tomorrow 5: VisaVisa (NYSE:V) is also a name we've liked on the long side, and we're finally getting the setup that we like.After pushing through $150 and stalling at $155, V stock is starting to pullback. Aggressive bulls can initiate a position, preferably near $152, with a limited-risk setup. * 7 Marijuana Stocks to Play the CBD Trend Below $150 and V will lose the 20-day moving average, breakout support (black line) and uptrend support (blue line). Should it hold, look for $155 or higher, although Visa may need the broader market's cooperation.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, ROKU and V. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 5 Top Stock Trades for Tuesday: AAPL, ROKU, V, TSLA appeared first on InvestorPlace.