87.64 -0.18 (-0.20%)
After hours: 6:58PM EDT
|Bid||87.50 x 4000|
|Ask||87.77 x 800|
|Day's Range||85.96 - 87.84|
|52 Week Range||63.21 - 87.99|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||66.63|
|Earnings Date||Mar 21, 2019|
|Forward Dividend & Yield||0.88 (1.01%)|
|1y Target Est||88.02|
Duke basketball player Zion Williamson returns to the court after spraining his knee while wearing Nike shoes. He was out for 22 days, missing nearly 6 full games. Yahoo Finance's Jackie DeAngelis, Dan Howley, Dan Roberts and Jared Blikre.
The 'Fast Money Halftime Report' team takes a look at Morgan Stanley's top 30 stocks for 2019. They discuss Home Depot, J.P. Morgan, PayPal and McDonald's.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains details what to expect from Nike's (NKE) third-quarter fiscal 2019 financial results that are due out after the closing bell on Thursday, March 21.
The S&P 500 index has posted its highest return on equity (ROE) in nearly two decades and may have peaked along with the bull market. To address that, Goldman Sachs has screened a basket of 50 stocks that the firm says can still lead the market by posting the fastest ROE growth over the next year.
American Eagle Outfitters Inc. has launched a pop-up shop in New York City's Soho neighborhood in partnership with sneaker reseller Urban Necessities. The pop-up has special-edition sneakers, high-end merchandise and hard-to-find styles from brands like Supreme, Anti Social Social Club, and Nike Inc.'s Jordan brand priced from $150 to $50,000. Urban Necessities, which has a store on the Las Vegas Strip, specializes in styles for the enthusiast, or "sneakerheads." Some enthusiasts and others have taken to Twitter to scoff at the idea of American Eagle, known for jeans and other gear aimed at teens, getting into the sneaker game. MarketWatch reached out to American Eagle for further comment about the pop-up, and will update with any response. American Eagle shares have gained 7.2% in 2019 while the S&P 500 index is up 13% for the period.
Fed week is upon us once again, and it starts with the S&P 500 Index (SPX) near its highest level in months and Treasury yields near their lowest. If BA shares keep sliding today, that could set up a dichotomy like the one we saw last week in which the Dow Jones Industrial Average ($DJI)—where BA is a prominent member—moves out of sync with the SPX. On the commodities front, crude futures were initially a little lower early Monday before ticking up slightly after news that OPEC would cancel its April meeting.
From a position of nimble strength, shares of Lululemon (NASDAQ:LULU) have lost their balance in recent days. And with some "downward dog" style tendencies setting up on the price chart, it's time for bulls to consider exiting LULU stock and bears to flex their musculature with a well-placed short. Let me explain.Source: Shutterstock The writing may not be on the wall yet for LULU stock. That may have to wait for another several trading sessions when Lululemon releases its Q4 earnings report on Mar. 29. But investors don't appear to be willing to sit around and sweat out the forthcoming results despite the athleisure outfit's surprise upwardly revised and well-received guidance back in mid-January.The squiggly price line on the LULU stock price chart has quickly distorted a couple of months of relative strength and bullish maneuvering since the beginning of March. Now, with sufficient technical damage done, it's enough to recommend LULU stock bulls reconsider any long positions -- and even shorting shares for investors comfortable with those risks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips LULU Stock Price ChartIf you purchased Lululemon stock's recent handle breakout within its corrective cup-shaped base, I certainly wouldn't blame you. In fact, I recommended the entry alongside a buy in athletics giant Nike (NYSE:NKE) in late January. * The 10 Best Stocks to Buy for the Bull Market's Anniversary Still, market conditions and price charts like Lululemon's do sometimes take technical turns for the worse. At the end of the day, when those zigs and zags are strong enough to upend one's prior convictions, it's preferable and typically more profitable to go with the flow and leave the ego at the door. Right now, that seems to be the situation facing LULU stock. Click to EnlargeTechnically, the failed handle breakout in LULU has been compounded by more recent failures of key support lines to hold. And now this past Friday's ominous rebuttal of the prior session's bullish hammer only solidifies the bear case.The price action is discouraging enough that I don't mind anticipating that a much larger "W" or double-bottom base could be in the works. And that would be ugly for LULU stock bulls.If our bearish forecast proves closer to tomorrow's reality than not, the failed handle breakout is actually a bearish mid-pivot within the larger base. In turn, that would mean Lululemon is in position to retest the December lows in the coming months before and if a sustainable bottom is established. Shorting LULU StockFor investors' long LULU stock, I'd recommend looking at the position's cost-basis versus the potential risk and consider exiting today. And for those comfortable with shorting shares, a timely bearish opportunity exists.With the technical scale having tipped in favor of shorting LULU stock, my recommendation is to sell short shares today. And with a stop-loss above $148.50, this bearish investor doesn't have to sweat the position either.This blended exit strategy is practical as it contains exposure in Lululemon to less than 5%. Secondly, this stop-loss allows for a small bit of wiggle room, but ultimately wisely forfeits the position and takes a loss if last week's hangman high and trend-line resistance are overcome.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Donat Sweat Lululemon Stock … Short It! appeared first on InvestorPlace.
Like sports analysts are betting on the NCAA tournament winners, investors are looking for stocks that are likely to make the most. Here are a handful.
When it comes to investing in apparel, buying the right stocks may prove tricky. If consumers change their tastes, if fads change or if the company has one bad quarter, the stock could fall on hard times. With Nike, Inc. (NYSE:NKE), none of those things happened.Source: rodrigofranca via Flickr The stock is already up 15% in 2019 and may break above its 52-week high of $87.99. Though the stock is above average value on a price-to-earnings basis, it is less expensive than those in its asset class. Hence, the case can be made to invest in Nike stock, even though it is at the highs. * 5 of the Best Stocks to Buy Under $10 In its most recent second-quarter report, Nike reported earnings of 52 cents per share and total revenue of $9.37 billion, beating consensus estimates. The 9.6% year-over-year revenue growth is impressive because the company continues to drive strong results every quarter. Nike attributed the solid results to its ambitious digital transformation. Momentum in both North America and its international markets added to the growth. It sets in motion another strong 2019, as gross margin expands and share count falls. March 21 Earnings ReportNike succeeded in the last quarter despite increasingly challenging macro headwinds. But its investments back in the business, particularly in digital transformation, is driving profitability. The company grew revenues across all of its geographies and in NIKE Direct. NIKE Direct, its direct-to-consumer brand, aims to harness its customer data to tailor a unique experience.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat strategy is working.In the upcoming earnings report, expect the company to report gross margin expansion. Last quarter, gross margins increased 80 basis points to 43.8%. Higher average selling prices and margin expansion from NIKE Direct lifted gross margin. Higher costs, which increased by 18% to $2.2 billion, may limit profit growth in the coming quarter. Yet, since the December period is traditionally the strongest due to the holiday season, revenue may come in stronger than expected. EPS Estimate and OutlookAnalysts have an average EPS estimate of 63 cents, compared to a 68 cents EPS last year. Bears are willing to bet against Nike, as shares climb back to previous highs. Short interest jumped from 7.12 million shares on Jan. 30 to 10.27 million shares by Feb. 14. While the dividend yield rate is falling toward 1.00% and the P/E ratio is climbing to 28-35, Nike may still beat consensus estimates.Nike forecast that gross margin will be better in the second half of the year. Investors should note that the last quarter was historically its lower margin period. The upcoming Q3 and Q4 periods will benefit from the higher margin. Catalysts AheadInvestors should not look only at the upcoming EPS when deciding if NKE stock is a buy. The stock needs positive catalysts that will lift its profitability in 2019 and beyond. As already mentioned, the digital transformation is the first big catalyst. Consumers expect more from sportswear and the macro-economy is getting even more volatile. By embracing digital solutions to increase operating efficiency, Nike is positioned to disrupt its own business.Product innovation is another catalyst. Bringing new, exciting products is nothing new for Nike, but the company accelerated the pace at which it brought new concepts to products sold to customers.In the shoe segment, Nike's Element 55 and Element 87 will bring in big revenue. If the products resonate with customers in the running and basketball shoe market, sales for these specific models will perform well this year. Last quarter, Nike's innovation for VaporMax, Air Max 270, React, and ZoomX had driven over 80% of Nike's incremental growth. Similar StocksCrocs (NASDAQ:CROX) trades at a deeper discount than Nike, with a forward P/E ratio of 18, compared to Nike's 27. Be careful: the stock topped $31.88 in January and is on a downtrend.Under Armour, Inc. (NYSE:UAA) is valued at ~45 times forward earnings. Its quality footwear and clothing compete with Nike goods. Takeaway on NKE Stock * 7 Single-Digit P/E Stocks With Massive Upside Nike has strong, positive momentum ahead of its earnings report. The stock could move higher if it beats expectations and gives investors a strong outlook. Value investors may want to sit on the sidelines because the stock is not at a discount. Then again, NKE stock rarely goes on sale.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Nike Might Blast Higher After Its Earnings Report appeared first on InvestorPlace.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included a couple of FAANG stocks. Bearish calls included a beverage giant and an electric vehicle leader. ...
BEIJING/SHANGHAI (Reuters) - China on Friday accused a raft of local firms, from snack makers to a financial tech firm applying for a U.S. listing, of fooling and harassing consumers in an annual event that for the first time in years did not name and shame any foreign or well-known local brands. The state-run China Central Television (CCTV) annual consumer rights show is usually greeted with trepidation by local and international brands that have, in recent years, set up public relations teams in advance or handed out freebies around the day to take the edge off any possible criticism. Known as "315", in reference to global consumer rights day on March 15, the show this year did not put any household names under the spotlight.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.In this space, I've worried about what might happen to the broad market when the earnings calendar lightened. Strong earnings reports helped the market during earnings season. My concern was what might happen when the focus returned to external factors like trade wars and the macroeconomic cycle.On that front, however, it has been so far, so good. The S&P 500 sits just off YTD highs. The index has recovered all of the losses from the sharp December sell-off, though it still sits below early October (and all-time) highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith the next earnings season still about five weeks away, it will be interesting to see if bullishness holds until then. * 15 Stocks That May Be Hurt by This Year's Big IPOs The earnings coming next week, while not likely to move the entire market, could help on that front. Earnings reports from leaders in three key sectors will show the health of those industries. As important as those industries are to the economy as a whole -- and the market as a whole -- the earnings calendar next week could matter more than it appear at first glance. General Mills (GIS)Source: Shutterstock Earnings Report Date: Wednesday, March 20, before market openGeneral Mills (NYSE:GIS) looks awfully dicey ahead of its fiscal-third-quarter earnings report on Wednesday morning. It was a year ago that GIS stock plunged after disappointing guidance. By December, GIS was trading at a six-year low.And yet the stock has rallied sharply since. General Mills stock has risen nearly 30% off those lows. And while GIS looks cheap, the risks seem obvious. Branded CPG players have struggled badly of late: Kraft Heinz (NASDAQ:KHC) and Campbell Soup (NYSE:CPB) are just two of the stocks that have dropped sharply after disappointing earnings reports.General Mills is going to need strong earnings next week to avoid a similar fate, particularly after the recent rebound in its share price. That seems likely to require strength in the Blue Buffalo business acquired last year. Strength there could drive investor confidence that General Mills can be successful pivoting away from weaker categories like cereal and yogurt. Any stumble, however, and GIS will have a long way to fall. Micron (MU)Source: Shutterstock Earnings Report Date: Wednesday, March 20, after market closeFor chipmaker Micron Technology (NASDAQ:MU), fiscal-second-quarter earnings may not lead to the fireworks investors might be expecting. MU stock fell sharply in the second half of 2018, as did many semiconductor stocks. Even with 24% gains so far this year, however, investors remain skeptical: Micron still trades at barely over 6x forward earnings.The concern here is that Micron earnings are declining -- and will continue to decline going forward. Analysts are projecting a sharp drop in EPS: $1.70 this quarter against $2.82 the year before. At the moment, that trend is expected to continue into fiscal 2020 as well.It seems unlikely that Micron can reverse the narrative with a single earnings report. But earnings next week could at least convince investors that the worst is over - and that the company is reacting well to industry changes. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Meanwhile, management commentary on demand, supply, and pricing will be closely watched across the sector. Stocks like Western Digital (NASDAQ:WDC) and Seagate Technology (NASDAQ:STX) could move on Micron earnings next week. And a truly strong quarter from Micron could add to the growing sense that the bottom is in for chip stocks. Nike (NKE)Source: Shutterstock Earnings Report Date: Thursday, March 21, after market closeNike (NYSE:NKE) heads into earnings next week in a very different manner. NKE trades just off an all-time high. The question for Nike is whether it can keep the momentum going, after a string of impressive earnings reports.There are questions for the rest of the market as well. The first is whether investors can push the stock any higher. NKE isn't cheap, at almost 28x forward earnings. And it will be interesting to see whether the market puts a ceiling on even such an attractive business. If it does, that could signal an increasing focus on valuation over growth.The second is just how strong Nike sales are in North America, in particular. Ahead of a series of consumer earnings reports next month, Nike earnings could signal the willingness of consumers to spend up. Nike's sneakers -- especially those on the higher end -- are hardly discretionary. Any weakness in Nike sales could signal that consumer spending might be headed for a tightening.To be sure, Nike earnings next week aren't likely to move the market. But they could give investors a hint a few weeks before the earnings reports arrive that can.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
It's been a turbulent year for Nike (NYSE:NKE) stock after the firm found itself in the spotlight following a polarizing ad campaign. However, after a high-profile sneaker malfunction failed to drag Nike stock lower in February, it looks like the firm is back on solid footing.Now many are wondering if Nike stock will climb further or if they should wait for another pullback before buying shares. * 15 Stocks That May Be Hurt by This Year's Big IPOs Sneaker BlowoutSource: Shutterstock In February, college basketball player Zion Williamson was forced to leave the court during a game after his Nike sneaker came apart. The incident initially took Nike stock marginally lower, but investors kept a level head and NKE stock made it through the week relatively unscathed. InvestorPlace - Stock Market News, Stock Advice & Trading TipsMany were expecting Nike stock to suffer a significant pullback following the sneaker incident, particularly since the stock market has been extremely jittery recently. However, traders kept a level head regarding the incident, and NKE stock did not dip meaningfully. On the bright side, the fact that Nike stock did not suffer a major selloff suggests the jittery market could be starting to settle down. On the other hand, investors didn't get the opportunity to buy NKE stock on a dip, which begs the question; Should investors buy Nike stock right now? Premium PricesPart of the reason investors want to own Nike stock is the fact that, despite multiple challenges over the past decade, NKE has maintained its place as top dog in the athletic-wear industry. Nike has managed to position itself as a premium brand, giving NKE pricing power and allowing it to grow its apparel and footwear businesses throughout the world. The firm's large size and huge geographic reach have been a security blanket for investors because these advantages will prevent the company from being flattened by a slowdown in a single category or market. NKE Is Emphasizing WomenMoving forward, NKE is making a big bet on the women's athletic-wear market by supporting 14 national teams in the FIFA Women's World Cup over the summer. Nike is designing new team uniforms, and plans to unveil a new line of innovative womenswear inspired by the World Cup apparel. In addition to marketing clothing inspired by the Nike-sponsored World Cup apparel, NKE is also planning to unveil a high-tech-sports bra this summer. The firm's upcoming ad campaign will focus on women and feature female athletes, including tennis star Serena Williams. Why NKE Has to Focus on WomenNike's decision to focus on womenswear is no accident; the firm has been under scrutiny recently after several of its top executives left the company, due to issues with its corporate culture. In a New York Times article, current and former employees alleged that the firm has issues with sexism and gender discrimination. Those allegations cast the company in an unflattering light.Rumors about sexism at NKE are bad for its business, especially considering that women drive between 70% and 80% of overall consumer purchasing. That's because, in addition to making their own purchases, women also influence the purchases of others in their household. Essentially, if consumer-product makers don't appeal to women, they're sunk. The Valuation of Nike StockCompared to its peers like Under Armour (NYSE:UAA) and Lululemon (NASDAQ:LULU), Nike stock is relatively cheap, trading at 27.5 times analysts' consensus 2019 profit estimate. Of course, Nike's growth isn't expected to be as strong as that of number of its smaller rivals, but Nike stock does have a 1% dividend yield. The Bottom Line on Nike StockAs athletic retailers go, Nike stock isn't a bad bet; NKE appears to have a stable future, especially now that the market's jitters are calming.If you own Nike stock already, I wouldn't rush to sell it. However, I wouldn't rush to buy NKE stock, either. The bottom line is that retail is a low-margin, fickle business that's heavily dependent on the economy.Unless NKE stock drops significantly, I'd avoid it simply because there are better picks out there in much more promising industries. I'd consider buying Nike stock if bad news takes the shares significantly lower, but until then, it doesn't offer enough upside to make it worth buying. As of this writing, Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Nike Stock Is Back on Solid Ground, But Is It Worth Buying? appeared first on InvestorPlace.
CHARLOTTE, N.C. (AP) — Just about everything at the Atlantic Coast Conference Tournament on Thursday night was about Zion Williamson.
Always watch this small trend for Nike earnings. Plus, see why General Electric rose on bad guidance.
Adidas AG (ADR) (OTC: ADDYY) shares were surging higher Thursday, one day after taking a dive amid fears that the company’s North American momentum was finally slowing following its fourth-quarter report. The company launched a remarkable comeback in 2015 in North America and has doubled its sales in the past three years. The year 2018 marked a record year for Adidas, as the brand grew 17 percent in the region — although that figure was down from the 35 percent increase it saw in 2017.
NIKE (NKE) witnesses strong earnings trend, owing to smooth progress on Consumer Direct Offense through innovation and digital growth.