|Bid||274.72 x 0|
|Ask||277.68 x 0|
|Day's range||277.76 - 277.76|
|52-week range||161.05 - 297.32|
|PE ratio (TTM)||256.71|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Nike (NKE) will report earnings next week, and while the stock has already had a good run this year, Stephen Lee thinks that the shares will keep outpacing peers. Lee, founding principal and growth portfolio manager at Logan Capital Management, is encouraged by the resurgence of the consumer in general. "Up to this point, the propensity to save was a lot higher than it typically is, but with low unemployment, the propensity to spend is increasing." But it's more than just shoppers' willingness to spend that makes him like Nike.
The wildly popular jerseys are now available on eBay for $398, three times the original cost.
Is Nike (NKE) too hot right now? “Nike looks like a long-term winner, but this is a consensus view,” the analysts wrote. The analysts see the brand as strong globally and promotions—and inventory—coming “under control.” A recent survey they conducted showed Nike with the highest U.S. net promoter score (a measure of whether customers say they would recommend a product or service to someone else) of a group of comparable brands, including fellow Barron’s Next 50 companies Lululemon Athletica (LULU) and Under Armour (UAA).
NIKE (NKE) rides high on strong international and global NIKE Direct businesses as well as the Consumer Direct Offense strategy. However, soft margins and higher SG&A expenses may hurt results.
China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks". Previous trade negotiations with the United States were constructive, but Beijing has had to respond in a strong manner due to the U.S. tariff threats, commerce ministry spokesman Gao Feng said. President Donald Trump threatened on Monday to hit $200 billion (£151.4 billion) of Chinese imports with 10 percent tariffs if Beijing retaliates against his previous announcement to target $50 billion in imports.
China's willingness to boycott imported goods in order to inflict economic pain on its adversaries is often referred to as "boycott diplomacy."
Under Armour (UAA) was the worst-performing S&P 500 apparel stock in 2017. It plunged a massive 50% during the year. Some other apparel players had stellar performances that year. PVH (PVH), Gap (GPS), and Michael Kors (KORS) surged 52%, 52%, and 46%, respectively. Sportswear competitors Nike (NKE), Columbia Sportswear (COLM), and Lululemon Athletic (LULU) rose more than 20% that same year.
Under Armour (UAA) is currently the top-performing apparel stock of the S&P 500 Index. The sportswear maker is among the top gainers of the S&P 500 consumer discretionary index. Its Class A and Class C stock have gained ~61% YTD (year-to-date) and trail only Netflix (NFLX) (104%), Trip Advisor (TRIP (69%), and Chipotle (CMG) on the S&P 500 consumer discretionary index. In comparison, the S&P 500 Index (SPY) has surged 3.8% YTD as of June 18.
Nike (NKE) is currently playing a leading role on the global stage at the 2018 FIFA World Cup in Russia. The sportswear company is also about a week away from reporting its quarterly financial results. So let's evaluate Nike stock to show investors why they might want to buy NKE at the moment.
Shares of Nike (NKE) have easily outperformed the market this year, rising more than 18% since the start of 2018. Coming on the heels of Nike's smashing 2017, it's not surprising that some investors are wondering how much of the good news is already baked into the stock. Cowen & Co's John Kernan reiterated a Market Perform rating on the stock Tuesday, so you might think that he's erring on the side of caution.
Not long ago, Under Armour (UAA) challenged Nike’s (NKE) dominance in the sneaker market with the success of its Curry series. Now, UAA’s position is being challenged by New Balance, which recorded an 18% YoY increase in fiscal 2017 to $4.5 billion. UAA, on the other hand, grew sales by only 3% YoY during fiscal 2017 to ~$5 billion.
Companies have long collected data on consumers to determine what people want and who their potential customers might be. The General Data Protection Regulation, which puts consumers in the driver’s seat when it comes to protecting their private information online. Broadly speaking, in many cases, companies around the globe must ask European citizens for their consent before collecting personal information.
Puma has signed this year's top NBA Draft prospect, and named Jay Z creative director of Puma Basketball, as it jumps back into the NBA sneaker game.
High-flyer Boeing just hit an air pocket, closing out last week with its worst weekly losses since March, on worries over an escalating trade war with China. One market watcher urges caution on the Dow leader.
Nike Inc. apologized after the U.S. Naval Academy in Maryland said the similarities between a logo for a clothing line and the academy's historic seal are undeniable. Nike said in a statement Friday that they don't feel it is appropriate to move forward with the collection. The Washington Post reports the logo is a collaboration between Nike and Undefeated, a Los Angeles sportswear line.
Nigeria's Nike kits, France's chances, and Argentina vs. Iceland — here's 3 things you need to know about the World Cup today #tictconews (Source: Bloomberg)