Nike, Inc. designs, develops, and markets footwear, apparel, equipment, and accessory products worldwide. The company offers various categories of shoes, including running, training, basketball, soccer, sport-inspired urban shoes, and children�s shoes. It also provides shoes for aquatic activities, baseball, bicycling, cheerleading, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and various athletic and recreational uses. In addition, the company offers sports-inspired lifestyle apparel, athletic bags, and accessory items. Further, it provides a l...
6/26 - "NKE remains our top apparel & footwear pick, w/ solid brands and continued outperformance in an environment generally lacking in visibility. W/shares indicating ~5% down after mkt, we think the pullback creates an attractive entry oppty. Reiterate Buy."
"Nike reported $0.98, which was above consensus of $0.96. However, if we back out the sale of Bauer, Nike reported $0.94. Top line growth was better than expected but SG&A grew close to 33%...Global futures (i.e. future product demand) of +11% (+8% ex f/x) were in-line w/ consensus, which we view as a positive in light of current ma...
6/26 - "The stock is down about 10% today as investors were spooked by aggressive SG&A spending surrounding the European soccer championship, the Olympics, the Sparq training launch, and investments in retail infrastructure. They were also concerned about the company's US market growth prospects.
Credit Suisse understands the worries and lowered their FY09 EPS estimate, but thinks investors aren't looking long-term:
'While Nike's strategy of spending more to grow more may turn off investors looking for instant gratification, we think the company's philosophy of underinvesting in mature ma...
6/26 - "Revenues increased 14%, and net income expanded by 28% to $3.74 per share. Gross margin expanded, and worldwide futures orders were up 11%. I like all these double-digit numbers, and I like the fact that the company paid out more in dividends this year than last, and I can see that Nike is taking advantage of the weak dollar through its international exposure."
"Investors would certainly be justified in having a cautious stance with a company like Nike considering the current economic climate. Sneakers obviously might not be worth a lot of discretionary income in a time of high ene...
Recap of CNBC's Fast Money, Wednesday June 17.
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They All Fall Dow
The Dow had its second straight triple-digit decline and fell below 12,000 for the first time since March. “The market gaveth and tooketh away,” commented Jeff Macke, and he said the market should not be bought.
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Financial Fits: Morgan Stanley (MS), Financial Select SPDR (XLF), Regions Financial (RF)
Even though Morgan Stanley reported a 50% loss, it still managed to beat expectations, but doubts were raised if the bank can generate profits going forward. Guy Adami is optimistic and would buy Morgan with
Recap of CNBC's Fast Money, Monday June 16. Click on a stock ticker for more analysis.
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Gassing Up: Chesapeake (CHK), AMR (AMR)
The Dow finished lower on worries about the economy, but Najarian pointed out volatility is also lower, thanks to the drop in oil prices. However, oil initially rose to a record high of $139 before it fell on the news that Saudi Arabia will beef up production. Joe Terranova said everything points to Friday, when the contracts come off the front of the board. However, he would buy natural gas. Najarian is bullish on CHK and AMR.
The first four positions of the trading portfolio were made on Thursday and Friday:
300 shares DZZ at $25.85.
300 shares of DUG at $38.13.
300 shares of GTLS at $33.96
300 shres of NKE at $65.90
DUG and DZZ are short bets on Gold and Oil Services. Later today I will post detailed analysis of these entries.
Nike Inc. (NYSE: NKE) is a leading designer, marketer and distributor of athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned subsidiaries include Converse (athletic footwear, apparel, accessories), Cole Haan Holdings (luxury shoes, handbags, accessories, coats), Umbro (UK soccer brand) and Hurley International (action sports footwear, apparel, accessories). The firm is the world's #1 shoemaker. Its products a
Against the grain, and I am usually a momentum type guy. i believe in the short term about 3-6 months Nike will tread water or decrease, and then I would BUY. I would HOLD if I already owned.
Nike (NKE) posts a 51% increase in earnings on the basis of excellent increases in off shore sales and a one time free pass from the taxman . Europe, Asia, even places that supposedly do not have money managed to buy lots of Nike product. US numbers are stuck in the muck. The US market is much too large for that problem to continue. From the conference call transcript available on www.seekingalpha.com I did not really hear anything that would fix that.
So the question becomes is Nike a successful American brand who leveraged international trade opportunities? Or is Nike a global bran...
Why nike? Beyond their spectacular line of running shoes there is one thing that strikes me more on my campus than the recent influx of MAC pcs: shorts. Nike has running shorts and every girl on my campus must own at least 3 pair. When I first saw these, my girlfriend came home with 3 pair. Since then I cant walk outside without seeing dozens of girls wearing these cross-training shorts in all different colors. Today I went to a popular shoe store in the area to check out the real deal and sure enough, these little shorts are completely sold out. Not just sold out in Tuscaloosa. ...
A very long trading range for this stock with declining MACD and money flow. An option is to trade a breakout, which should bring a sharp increase in volatility.
Nike (NKE) is a great stock. If you look at the long history of Nike, all you can see is nice steady growth, which will continue to grow as Nike continues its domination of the apparel/footwear. The majority of analysts that I have followed all have Nike on BUY, long term HOLD, and Outperform.
Nike (NKE) is a great stock. If you look at the long history of Nike, all you can see is nice steady growth, which will continue to grow as Nike continues its domination of the apparel/footwear. The majority of analysts that I have followed all have Nike on BUY, long term HOLD, and Outperform.
NKE forming bull flag
- NKE is forming a bull flag on its 60 mins chart. Pattern objective for price increase is $9 on successful completion of bull flag pattern.
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About NIKE Inc
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