NKE - NIKE, Inc.
| Previous Close | 79.51 |
| Open | 80.09 |
| Bid | 80.43 x 1200 |
| Ask | 80.48 x 1200 |
| Day's Range | 79.25 - 80.56 |
| 52 Week Range | 66.53 - 90.00 |
| Volume | 5,648,794 |
| Avg. Volume | 6,367,731 |
| Market Cap | 125.79B |
| Beta (3Y Monthly) | 1.10 |
| PE Ratio (TTM) | 32.24 |
| EPS (TTM) | 2.49 |
| Earnings Date | Sep 23, 2019 - Sep 27, 2019 |
| Forward Dividend & Yield | 0.88 (1.11%) |
| Ex-Dividend Date | 2019-08-30 |
| 1y Target Est | 92.50 |
- 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.
- Zacks
SKX vs. NKE: Which Stock Should Value Investors Buy Now?
SKX vs. NKE: Which Stock Is the Better Value Option?
- Investing.com
Retailers and Toy Makers Jump Midday After U.S. Delays Tariffs on Chinese Goods
Investing.com - Retailers and toy makers got a respite from the trade war on Tuesday after the U.S. Trade Representative office said tariffs on some toys and apparel goods would be delayed.
- American City Business Journals
Nike launches subscription service for kids
Nike Adventure Club targets children ages 2 to 10 and will enable parents to get new sneakers for their children as often as 12 times a year.
- InvestorPlace
Stock Market Today: The Merger That Cried Wolf
It was a very tough day in the stock market today. The S&P 500, Dow Jones Industrial Average, Nasdaq and Russell all fell more than 1% on the day as investors continue to worry about a plethora of issues. Global Concerns RemainAs cool as it would seem to have a mortgage with a negative interest rate, it's somewhat alarming with what's going on globally. Interest rates continue to hover near zero, and now even the United States is cutting rates.Everyone is afraid of another recession wreaking havoc on the global economy. Without being able to cut interest rates, investors are uncertain how global central banks plan to combat the eventual economic slowing. Of course, a trade war between the world's two largest economies and concern over an escalating currency battle doesn't do much to settle those fears.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNor does it help when treasuries continue press higher -- with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) looking like a growth stock -- and as yield spreads continue to shrink. Of course, this has dealt a blow to financials, as a shrinking spread crimps profitability for certain banking segments.On Monday, there were even more dramatic headlines to sort through. The protests in Hong Kong continue to intensify, causing investor concern about what even more escalation could look like. Oh yeah, and Argentina's stock market cratered 35% and its currency fell 25% after a surprise election result.It also doesn't help that analysts keep increasing the odds of a coming recession. Just today, investors are reading about Goldman Sachs decreasing GDP growth estimates and Bank of America increasing their odds of a recession. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What To say Monday was full of drama would be an understatement -- and there's no telling if the selling is ready to let up. Where Can We Go From Here?The saving grace? The U.S. economy. There have been a few yellow flags lately, but until the labor market and real estate prices start to show signs of distress, investor and consumer sentiment may remain elevated. Of course, either one (or both) of those readings may take a dive if the stock market does too.Investor sentiment took a real nasty turn at the start of the month once the markets started to decline in earnest. We've since seen a snap-back rally. Is it over so soon?Last week, the S&P 500 traded down to its 200-day moving average in the overnight session of the futures market. Unfortunately, the index -- as well as the SPDR S&P 500 ETF (NYSEARCA:SPY) or the PowerShares QQQ ETF (NASDAQ:QQQ) -- didn't trade down to the 200-day moving average during regular trading hours. If you recall, that made us suspicious of the stock market's recent rally.The index promptly rallied up to the 50-day moving average, retracing about 50% of the decline and paused there for two sessions. It was the perfect setup though, because it would either hurdle the 50-day or fail to hold the 100-day moving average.On Monday, the S&P 500 lost the 100-day moving average. Two scenarios are now possible, with the first being that the SPX reclaims the 100-day moving average. The other option? We retest the 2,825 to 2,850 area. While no one likes to see the market in decline, it would be healthy to see a tag of the 200-day moving average at 2,793.An overshoot to the 38.2% retracement at 2,767 is possible.As tough as it is, try to keep it simple. The index needs to reclaim the 100-day, otherwise lower prices are in store. Movers in the Stock Market TodayEven on the painful days, "Merger Monday" rings true. Well, sort of anyway. The only thing more dramatic than Monday's headlines has been the ongoing merger efforts between CBS (NYSE:CBS) and Viacom (NASDAQ:VIA, NASDAQ:VIAB).The talks have been going on for years -- literally -- with nothing but disappointment to show for it. Let's call it, the merger that cried wolf. Reports over the weekend suggested that a deal as soon as Monday morning may come. However, confirmation never came along.Apparently, it's down to just figuring out the conversion price of the all-stock deal. But is there even a winner? Both A-class and B-class shares of Viacom were down almost 5% on the day, while CBS stock fell nearly 2%.Roku (NASDAQ:ROKU) was a rare outperformer, with shares rallying over 7% on the day. The catalyst for Monday's rally came from the analysts at Nomura, who raised their price target from $120 to $150. Aside from owning the Street-high target on Roku, they maintained the stock as their top mid-cap pick for 2019.(Here's how to trade Roku, by the way).Finally, Nike (NYSE:NKE) fell 0.4% despite the company's plan to launch a subscription service for children's shoes. The hope is to collect a recurring revenue stream in exchange for parents being able to swap out shoes more quickly for their children. That has obvious benefits for Nike and its investors.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post Stock Market Today: The Merger That Cried Wolf appeared first on InvestorPlace.
- 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.
- Yahoo Finance Video
America's number-one sneaker retailer jumps into the subscription business
Nike is the latest brand to jump into the subscription business, with the launch of their kids service, Nike Adventure Club. The services allows parents to order shoes for children ages 2 to 10 either on a quarterly, bimonthly or monthly basis, by paying monthly fees of $20, $30 or $50, respectively. The subscription service launch comes just ahead of back-to-school season, where parents will be seeking out deals that alleviate the cost of back-to-school shopping. Yahoo Finance's Myles Udland, Emily McCormick, and Ines Ferre discuss.
- Yahoo Finance Video
Nike steps into the subscription business
The best-selling sneaker retailer in the U.S. is launching a subscription service specifically for kids ages 2-10 called Nike Adventure Club. Yahoo Finance's Sibile Marcellus and Brian Cheung discuss with guest Ian Wishingrad, the founder of BigEyedWish.
