|Bid||65.95 x 100|
|Ask||65.96 x 600|
|Day's range||65.66 - 67.20|
|52-week range||50.35 - 70.25|
|PE ratio (TTM)||28.48|
|Earnings date||19 Mar 2018 - 23 Mar 2018|
|Forward dividend & yield||0.80 (1.20%)|
|1y target est||68.68|
Kroger Shares (KR) are surging here, up over +4.2%. The grocer is reportedly in talks with Target on a merger deal, according to Fast Company. This is presumably a move to counter Walmart’s huge presence in the grocery space and Amazon’s advance with Whole Foods.
On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest stories, including Facebook's Cambridge Analytica scandal, Chipotle's new head of marketing, and earnings results from Micron and Nike.
Key market index funds were higher Friday as the Dow Jones industrials led on big gains from Nike and Boeing.
The best way to play Nike’s resurgence in the U.S. market might be another company’s stock. • The recommendation came a day after Barron’s Next 50 stock Nike (NKE) posted quarterly financial results that beat Wall Street’s revenue expectations.
A trade war with China could be rough on apparel and footwear companies—but less so for athletic gear makers like Nike and Under Armour. In a Friday note, Wedbush analysts examined the possible effects on a range of companies, concluding that “athletic brands will likely be the least impacted of our covered companies” based on the possible effect on sales and cost of goods sold: Sourcing moving away from China (toward Vietnam but also with exposure to Indonesia, Cambodia, and more), product mix, and international businesses (higher penetration of sales outside the U.S. reduces risk) contribute to mitigating potential tariffs, with Adidas AG (ADS) and Under Armour (UAA) (~8%) likely the least impacted and Nike (NKE) close behind at ~10% (in addition to Columbia Sportswear (COLM) with ~10%).
The Dow traversed rough water once again this week, marked by troubles for Facebook, Inc. (FB) and the Fed's latest policy statement.
Just five months ago, Wall Street analysts warned that Nike's recovery in its home markets would be a long one as German rival Adidas (ADSGn.DE) launched a raft of new shoes and marketed hard. The bankruptcies of sporting goods retailers and Nike customers Sports Authority and Sports Chalet also hurt the Oregon-based firm that sponsors LeBron James and a slew of other major global stars. On Thursday, Nike's Chief Executive Mark Parker said the company was seeing "a significant reversal of trend in North America," as new offerings like Air VaporMax were lapped up by customers and online sales steamed ahead.
Stocks fought to reverse impact from China tariffs, as Nike and Wynn Resorts led narrow early gains.l.
Nike has bounced back from some sizeable scandals, so it isn’t surprising that the company has gotten ahead of the problem of alleged inappropriate behavior by top executives.
Among the companies with shares expected to trade actively in Friday's session are Boeing, Alphabet, Facebook, Dropbox, Kroger, Nike and Micron.
Could Wilbur Ross be Right about Tariffs? The Dow (DIA) dropped 700+ points and the S&P500 (SPY) went negative on the year. And it seemed rightfully so. We already have the steel tariff, and yesterday President Trump announced tariffs on China for goods that could total up to $60 billion. But cool headed octogenarian Wilbur Ross said don’t worry, they may retaliate, but it won’t be much. And do you know he was right? Overnight China announced retaliatory tariffs on only $3 billion of US goods. We also learned that some EU countries are exempt from the steel tariff. So until the next shot is fired (likely from an emboldened Trump), the market looks like it overreacted yesterday. The futures seem to agree as they have wiped away their large overnight losses, and the DOW looks to open up.
Nike Inc.'s stock surged 4.5% in premarket trade Friday, in the wake of the athletic apparel and accessories company's fiscal third-quarter results, to pace the handful of Dow Jones Industrial Average ...
Investors have renewed confidence in Nike after a blowout quarter. Even before Nike reported earnings, the charts showed it as a buy, says one market technician.