NKE - NIKE, Inc.
| Previous Close | 84.28 |
| Open | 83.51 |
| Bid | 84.45 x 900 |
| Ask | 84.69 x 1100 |
| Day's Range | 83.50 - 85.51 |
| 52 Week Range | 66.53 - 90.00 |
| Volume | 5,062,886 |
| Avg. Volume | 6,617,628 |
| Market Cap | 132.923B |
| Beta (3Y Monthly) | 0.94 |
| PE Ratio (TTM) | 32.95 |
| EPS (TTM) | 2.57 |
| Earnings Date | Jun 26, 2019 - Jul 1, 2019 |
| Forward Dividend & Yield | 0.88 (1.00%) |
| Ex-Dividend Date | 2019-05-31 |
| 1y Target Est | 91.75 |
- Investor's Business Daily•2 days ago
Here's What Nike Rival Under Armour Is Now Doing In 'Attack' Mode
Nike rival Under Armour received an analyst upgrade Friday on the athletic gear maker's move to an offensive footing.
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- MarketWatch•2 days ago
Foot Locker's stock jumps after analyst raises rating and price target, citing 'attractive' valuation
Shares of Foot Locker Inc. rallied 1.3% in premarket trade Friday, after B. Riley FBR upgraded the athletic footwear retailer, citing "attractive" valuation, expected in-line same-store sales and a "solid" footwear pipeline. Analyst Susan Anderson raised her rating to buy, after being at neutral since August 2017, while raising her stock price target to $73 from $62. "Our store checks have shown a significant pullback in promotions since 1H18 which we believe reflects on-trend product from both FL's core partners and smaller more casual/fashion oriented brands," Anderson wrote in a note to clients. "In a challenging retail environment, we believe [Foot Locker] has done an excellent job of re-aligning their store fleet and creating an in-store experience that is relevant to their customers." The stock has lost 6.4% over the past three months through Thursday, while the SPDR S&P Retail ETF has lost 5.3% and the S&P 500 has tacked on 3.6%.
- Investopedia•2 days ago
5 Stocks to Ride the $1.4 Trillion Coming Millennial Spending Wave
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- Reuters•2 days ago
Athletics-British runner Pavey says Nike froze sponsorship when pregnant
British distance runner Jo Pavey has become the latest female athlete to complain that Nike halted her sponsorship payments when she was pregnant, Sky News reported on Thursday. "When I announced I was pregnant my contract was immediately paused," Pavey, who won 10,000 metres bronze at the 2007 world championships, told Sky. Pavey's comments come after American middle distance runner Alysia Montano made similar claims in a video on the New York Times website earlier this week.
- American City Business Journals•3 days ago
Shareholders refile lawsuit against Nike's board of directors
After a Multnomah County judge dismissed the original lawsuit, plaintiffs tee up a similar argument and try again.
- CNBC•3 days ago
Nike's 'inclusive' image at risk if it fails women athletes, brand experts say
When Olympic athlete Alysia Montano took part in a race only one month away from having a baby, she became known as "the pregnant runner." It was 2014 and she went on to win a national championship when her daughter was six months old, and another when she was 10 months old. Nike has admitted that "a few" female athletes did previously have "performance-based reductions" in their fees, but last year it standardized its approach across all sports "so that no female athlete is penalized financially for pregnancy," according to a statement emailed to CNBC. Montano's article has prompted much debate.
- Motley Fool•3 days ago
Ralph Lauren's North American Sales Slide Spooked Investors
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- Zacks•4 days ago
Nike (NKE) Gains But Lags Market: What You Should Know
Nike (NKE) closed at $84.01 in the latest trading session, marking a +0.41% move from the prior day.
- InvestorPlace•4 days ago
10 Stocks to Sell Before They Tank Your Portfolio
Ouch. Last week, it looked like the market was going to be able to sidestep some trade-related trouble. But we learned the hard way on Monday that this wouldn't be the case. With a new batch of tariffs that will further gum up business between China and the U.S., the S&P 500 fell 2.4% to start the new trading week, breaking below some key technical support levels in the process.And the market was already feeling the weight of excessive gains reaped during the first four months of the year.It remains to be seen where this is all going. Odds are good that the sheer scope of the losses suffered since the beginning of this month will inspire some sort of bounce, perhaps beyond Tuesday's snapback rally. But there's no assurance such a bounce would yank stocks out of a new downtrend, if a bounce takes shape at all. A bigger correction, like it or not, is still overdue.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Retirement Stocks That Won't Wilt in a Bear Market With that as the backdrop, here's a rundown of ten stocks to sell sooner rather than later. They're likely to be in trouble regardless of how well the marker performs (or fails to perform) for the foreseeable future. In no particular order… Nike (NKE)Source: Shutterstock Even with its recent stumble, shares of athletic apparel brand Nike (NYSE:NKE) are still up an impressive 60% from their late-2017 lows. The company finally got its all-important American mojo back. Though the knee-jerk response to March's earnings report was a bearish one, that selloff quickly reversed to carry the stock to new highs after investors digested the fact that North American sales improved by 7%.The renewal of what had been cooling trade tensions with China, however, may be just enough to prod investors into rethinking just how ownable NKE stock is here.To its credit, Nike has been backing off on using China as a manufacturer of its footwear. It hasn't been able to entirely do so, however.More than that though, China is a growth opportunity for Nike that's now back in jeopardy. CFO Andy Campion commented in March "We have great momentum in China, but we are still far from realizing the long-term opportunity in this market." Now the cultural aspect of the trade war will push that opportunity even further away. McDonald's (MCD)Source: Shutterstock The refined focus on more franchises and fewer corporate-owned stores has been a fruitful one for fast-food giant McDonald's (NYSE:MCD). As expected, though revenues have fallen, earnings have grown. Royalties are higher-margin revenue than can be produced by selling food as a restaurant owner.The market has responded too. MCD stock is up a solid 22% for the past twelve months, and investors celebrated the more profitable reshaped business model. McDonald's shares even reached record highs earlier this month.The move, however, ultimately puts more of a financial burden on franchisees. They've not been shy about voicing their frustrations either, with many lodging their complaints about rising costs despite fading foot traffic in unison late last year. * 3 of the Best ETFs to Buy for a Play on Gold Stocks Between an overbought stock and renewed worries that franchisees are being driven away, this may be a great time to lock in gains. Align Technology (ALGN)Source: Shutterstock You know the company, even if you don't know you know the company. Align Technology (NASDAQ:ALGN) is the organization that brought Invisalign invisible dental braces to the market.It's been a great success, with double-digit revenue growth being the norm for years. But, it's also success that depended on patent protection that largely expired in 2018, prompting a surprise drop in its average selling prices in the third quarter of last year.The patent-minded concern was a legitimate one, though the 50% stumble from last year's high to the December low was mostly overbaked. The 80%+ rebound from that low has also been overdone, however. Align Technology still faces a myriad of patent (and partnership) problems that could still easily undermine the stock. It's never going to be 'like it used to be.' Best Buy (BBY)Source: Austin Kirk via FlickrCredit has to be given where it's due. Turnaround expert Hubert Joly has done what he was asked to do when he took the helm of electronics retailer Best Buy (NYSE:BBY) back in 2012. Income has grown more often than not under his tenure.The turnaround may have gotten as much traction as it's going to get, however, as the electronics and appliance market is about as fully saturated as it's going to be able to get.Moreover, Joly will soon be stepping down as chief, handing the reins to CFO Corie Barry. While Barry is certainly capable of taking the top spot, it's still a disruptive leadership change at a time when it's not clear there's any more growth to reap. Analysts are calling for less than 2% sales growth this year, and next. * 5 Consumer Stocks Ready to Push Higher Besides, the shallow rebound BBY stock has mustered since late last year has unraveled in a big way in just the past couple of weeks. IBM (IBM)Source: Shutterstock If it was going to happen for IBM (NYSE:IBM), it would have happened by now.Once the big name in computer technology, IBM is now a has-been. The tech giant attempted to recover, unveiling a so-called 'strategic imperatives' initiative in 2015 meant to fast forward the company's foray into modern opportunities like mobile security and cloud computing.But, it was too little, and too late.While its strategic imperatives businesses now account for more than half the company's total business, a closer inspection of the numbers reveals that's more the result of its other lines losing ground than its new-tech business lines gaining ground. Last quarter's total revenue was still down 5% year-over-year.There's a reason IBM stock just renewed a downtrend that's been in place since 2013. Facebook (FB)Source: Shutterstock It's difficult to categorize Facebook (NASDAQ:FB) as one of only a handful of stocks to sell at this time. It's been one of the biggest success stories of late, and the stock was almost back to all-time highs late last month when the marketwide tide took a turn for the worst.Facebook's future isn't apt to look a lot like its past, however. Facebook fatigue has already become a real thing, marked by reports from August that the amount of time users were spending on the site had fallen 6.7%. It wasn't the first time such red flags had been waved.At the same time, regulators -- particularly in Europe -- are putting an increasing amount of pressure on the social networking giant. The U.S. is scrutinizing the website more as well. * 5 Popular Stocks That Are Crashing Hard Now Facebook will survive to be sure. But this is the year that could serve as turning points in a couple of different ways. The market doesn't appear to be pricing in any threat yet. Goldman Sachs Group (GS)Source: Shutterstock Goldman Sachs Group (NYSE:GS) was once the head-turning name in the investment banking business. Things were never quite the same for the company after the subprime mortgage meltdown, however. Adding to its challenges, rival banks started to step up their games, and Goldman wasn't ready to fend them off. Revenue has been flat since 2010. Income hasn't exactly grown either.Now, though perhaps a much-needed shakeup just for the sake of change, long-tenured CEO Lloyd Blankfein has stepped down, replaced last year by David M. Solomon.Solomon, the company's former COO, is an industry veteran and capable leader. He may find there's a steep learning curve in replacing Blankfein, though, and the stock's sub-par performance since he took over in 2018 may be a hint worth taking. GS stock largely skipped the rally that carried most other stocks higher through the end of April. Investors aren't yet convinced much growth is in the cards, or that Solomon is the best man for the job. That's weighing on GS stock, and will for the foreseeable future, as will its tepid revenue growth forecast, making this one of the top stocks to sell. Intel (INTC)Source: Shutterstock The next stock to sell was once the king of the computing world. All the most in-demand computers had Intel (NASDAQ:INTC) technology powering them.The company has lost a step (or two) in recent years though. Not only was it blindsided by a tech-driven turnaround from Advanced Micro Devices (NASDAQ:AMD), it was embarrassed last year by the discovery of several security flaws in its older CPUs. AMD even reported earlier this year that it had gained market share in every quarter of last year.Intel will survive. It's already regrouping, planning on the launch of its long-touted 7 nanometer CPU lineup in 2021. AMD already has 7 nm chips on the market though, with a major launch of its next-gen 7 nanometer technology slated for Q3 of this year. Meanwhile, after several delays, Intel is only going to be launching its new 10 nanometer CPUs in June. * 6 Trade War Stocks With a Lot of Risk Investors finally took notice of the company's woes in April, sending INTC stock down more than 20% from last month's highs. More of the same could be in store though. Alibaba Group Holding (BABA)Source: Shutterstock Alibaba Group Holding (NYSE:BABA), not unlike its U.S. counterpart Amazon.com (NASDAQ:AMZN), has been forced to figure out how to handle the trade slowdown stemming from ever-expanding trade wars. Alibaba has arguably been hit even harder though, in that it relies more on trade with U.S. than Amazon relies on trade with China.The evidence? The most recent round of new tariffs imposed by President Donald Trump and counter-tariffs put in place by China thwarted a budding uptrend from BABA stock and instead has shaved 10% off of its value in just a few days.The cause-effect relationship between tariffs and Alibaba's results isn't entirely clear. But, with the tariff war likely to escalate before it de-escalates given that both nations are surviving it, a repeat of last year's weakness from BABA stock is too likely to stick with the name. Founder Jack Ma fears the war of tariffs could linger on for years. Netflix (NFLX)Source: Shutterstock Finally, add Netflix (NASDAQ:NFLX) to your list of stocks to sell sooner than later, particularly in light of the fact that it's still holding on to most of the big gains reaped from the 60% gain from December's low. It's still up almost 50%, but that gain's hanging by a thread.Yes, the impending launch of a rival streaming product from Walt Disney (NYSE:DIS) is a concern, but hardly the only one. TimeWarner is planning to launch its own streaming platform before the end of the year, and NBCUniversal aims to launch one by the middle of next year. * 10 Retirement Stocks That Won't Wilt in a Bear Market Thus far Netflix has been able to hold into its commanding market share. But, everybody's getting into the game now with a product that looks pretty good; there are now more than 100 streaming options. Collectively, they'll likely be able to start chipping away at Netflix's dominance, even if loyal Netflix shareholders are choosing not to see the legitimate threat.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 10 Stocks to Sell Before They Tank Your Portfolio appeared first on InvestorPlace.
- Zacks•4 days ago
What's in the Offing for Pure Storage (PSTG) in Q1 Earnings?
Pure Storage (PSTG) to gain from robust business fundamentals, strong FlashBlade implementation, higher adoption of new products and strong go-to-market strategies.
- CBS MoneyWatch•4 days ago
Nike "not backing up what they are preaching," Olympian says
Alysia Montaño is calling out the sports industry and sponsors for allegedly discriminating against pregnant athletes
- American City Business Journals•5 days ago
Trump's threatened tariffs could slam Portland's footwear industry
A list of $300 billion in Chinese goods that could be hit with a new tariff as high as 25 percent includes footwear, one of the cornerstones of Portland's economy.
- Markit•5 days ago
See what the IHS Markit Score report has to say about Nike Inc.
Nike Inc NYSE:NKEView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for NKE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NKE. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NKE totaled $5.69 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. NKE credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•5 days ago
Can V.F. Corp (VFC) Retain Positive Earnings Trend in Q4?
V.F. Corp (VFC) is poised to gain from strength in core brands (Vans and The North Face), and strong international and direct-to-consumer growth in fourth-quarter fiscal 2019.
- Zacks•5 days ago
Factors to Consider Ahead of Wix.com's (WIX) Q1 Earnings
Wix.com's (WIX) portfolio strength and partnership deals will help in expanding customer base, which is a key positive.
- CBS MoneyWatch•5 days ago
Nike responds to maternity leave backlash
Nike tells female athletes to dream big – until they want a baby, Olympic runner Alysia Montaño alleges
- Zacks•6 days ago
Sell Macy's (M) Stock with Q1 2019 Earnings Expected to Tumble?
Shares of Macy's (M) have tumbled nearly 30% in 2019, while the broader market and retail industry rebounded. Now investors need to decide what to do with Macy's stock heading into the release of its first-quarter fiscal 2019 financial results on Wednesday.
- Investopedia•6 days ago
10 Blue Chip Stocks With Biggest Exposure To China Tariffs
A large number of large American corporations have based their revenue growth strategies on expanding dramatically in China, a market of seemingly limitless growth and a population of 1.4 billion - more than four times bigger than the U.
- Motley Fool•6 days ago
3 Top Large-Cap Stocks to Buy in May
Forget about selling in May and going away -- Cisco, General Mills, and Nike are all still great stocks to buy and forget.
- InvestorPlace•6 days ago
NKE Will Run to All-Time Highs After Near-Term Hurdles
Late March, Nike (NYSE:NKE) stock fell almost 10% around its earnings event. Then, I wrote about going long the stock as it would be a winner for the long term. The stock then rallied 11% from low to high. So the traders among us probably locked in some profits as NKE stock set new all-time highs.Source: Alessio Jacona via FlickrSo is it time to sell NKE on this weakness? (It's down another 2% this morning.) No. In fact it is time to reload for another rally similar to the one in April. In March, investors sold Nike stock down for specific reasons. This time NKE is suffering because of the war of words between the American and Chinese politicians.On Friday, the U.S. imposed new tariffs on Chinese goods and this morning China retaliated. So there will be challenges for Nike, but trade war dangers have been telegraphed for over a year. So by now, I'd bet that NKE management has taken necessary precautions to minimize any possible damage -- if there is any possible damage.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is a giant global company that has been through several crisis situations. Nike continues to dominate, so this skirmish is not going to cause sustained harm to NKE's profit and loss statement. * 5 Tech Stocks Getting Crushed Two Fridays ago, the Trump tariff tweet caused a sharp market wide dip that took NKE from $86 to retest $82 per share. As long as this floor holds, it will serve as a strong base for the next rally and therein lies the thesis for today's opportunity. Trading NKE StockNKE stock will make new highs as markets shrug this tariff war tizzy in the next few weeks.While there is fear on Wall Street as we can see from the spike in the CBOE Volatility Index, Friday's price action was bullish. On Friday, the markets shrugged off the new tariffs and the debacle Uber (NYSE:UBER) IPO and rallied from down deep red to green. Clearly the bulls are not dead.As equities reversed course sharply, NKE stock now looks bullish like. So, today's write up is to share that upside potential that could carry it to new highs. There will be some resistance at $84.30, $86, and $88.50 per share.The NKE stock fans are strong. They flexed their muscles to close it green on the day we added tariffs on Chinese imports even though Nike is a global company and is vulnerable to these taxes. Yet it closed + 1.2% on the day when the earth was supposed to flip polarity.Fundamentally, Nike stock is not cheap as it sells at 33 trailing P/E ratio. But it is competitive when you consider that it only sells at three times its sales, which is in line with Apple (NASDAQ:AAPL) and almost half of Alphabet (NASDAQ:GOOGL) .So even though it is near all-time highs, owning NKE shares now for the long term is likely to yield profits. So the decision to buy it now is one that depends heavily on the investor time frame.The bears do have potential as they can cause technical harm if they can break below $81 per share. This would invite momentum sellers to target the $77 area. Although this is not a forecast, it is a possible scenario especially if the Chinese retaliations are more severe than anticipated. * 7 Dividend Stocks to Buy as the Trade War Reignites For those who want to own NKE for the long term, a few bucks above or below current levels are not going to matter much. But for shorter-term traders, you can set triggers and stop losses to find entry points that suit their time frames. Long term, this too shall pass and bulls will win over the bears.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post NKE Will Run to All-Time Highs After Near-Term Hurdles appeared first on InvestorPlace.
- CNBC Videos•2 days ago
Top retail analyst upgrades this athletic stock
The "Halftime Report" traders debate JPMorgan analyst Matt Boss's call to upgrade shares of Under Armour
- CBS News Videos•4 days ago
Nike "not backing up what they are preaching," Olympian Alysia Montaño says
Olympic runner Alysia Montaño is calling out organized sports and sponsors for allegedly discriminating against pregnant athletes. The seven-time USA champion famously competed in 2014 while eight months pregnant with her first child. Montaño told the New York Times that when she first spoke to Nike about having a baby, she was told they would pause her contact and stop paying her. Montaño joins “CBS This Morning” to discuss how advertising is not marrying reality, and what the sports industry needs to do to protect women.
- Yahoo Finance Video•5 days ago
Nike: Pregnant Athletes faced performance-based pay cuts
Yahoo Finance's Adam Shapiro, Julie Hyman and Rick Newman discuss.
- Yahoo Finance Video•5 days ago
How the tariff fight impacts the sneaker industry
President Trump's have been prepping a round of tariffs on $300 billion of Chinese goods, which would cost the footwear industry $7 billion annually. Yahoo Finance's Brian Sozzi and Reggie Wade break down the details.
