Tag Archives: Nike

When her contract with Nike (NKE) was up for renegotiation, American Olympian Colleen Quigley chose to leave the athletic apparel giant for a different type of deal with Lululemon (LULU). “I’ve been with Nike since 2015 when I graduated from Florida State University… and joined the team out here in Portland, then had a great five-year run with them,” Quigley said on Yahoo Finance Live (video above). “But I think when I got to the end of that, I just decided that they weren’t giving me… Source link

Michael Jordan stopped scoring points in the NBA in April 2003, but Nike (NKE) is still slam dunking quarterly earnings in large part because of the staying power of the brand the NBA legend made famous.  On its fourth fiscal quarter earnings conference call, Nike executives casually mentioned Jordan brand sales rose an impressive 31% to $5 billion for the company’s just completed fiscal year. For a bit of perspective, the Jordan brand now makes up greater than 11% of Nike’s overall… Source link

BMO Managing Director and Senior Analyst Simeon Siegel joined Yahoo Finance Live to discuss Nike’s big stock spike after the sportswear giant crushed Q4 earnings. “When we can talk about a company the size of Nike scale, still blowing away numbers from a revenue perspective, but also from a margin perspective, they really gave you a lot to choose from,” Siegel said. Nike posted Q4 revenue of $12.3 billion up 96% Y/Y, adjusted earnings per share of 93 cents. Nike Direct sales also increased… Source link

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link

Nike (NKE) has celebrated Pride Month with its “Be True” collection since 2012. In 2021, the tradition continues with both the Swoosh brand and Converse with colorful new footwear to celebrate the LGBTQIA+ community. The Pride Chuck 70s is part of the Converse All-Stars “Show Love Without Barriers” collection. The off-white shoe features rainbow graphics designed by Xandro Miguell. Converse officials tell Yahoo Finance that the print explores the duality of struggle and joy and the… Source link

Neymar said on Instagram that he “was not given the opportunity to defend himself” against sexual assault allegations from a Nike employee. (John Berry/Getty Images) Paris Saint-Germain star Neymar responded to Nike’s “lies” on Friday after a report claimed the reason he and the company’s split was due to the fact that he declined to cooperate with a sexual assault investigation. Nike and Neymar parted ways in 2020, though no reason was given at the time. On Thursday, The Wall Street… Source link

InvestorPlace 4 Electric Vehicle Charging Stocks To Avoid for Now Electric vehicle (EV) charging stocks have witnessed some euphoric movements in the recent past. There are strong reasons to believe that the EV charging industry will witness healthy growth in the coming years. However, most of electric vehicle charging stocks seem to have run ahead of their fundamentals. It therefore makes sense to wait for a correction before considering fresh exposure to electric vehicle charging stocks…. Source link

Simone Biles is ending her six-year partnership with Nike and joining Gap’s Athleta, the Wall Street Journal reported Friday. Athleta announced the news in a release ahead of a larger announcement later in the day.  Biles, the most decorated American gymnast in history, said Athleta more closely aligns with her values. It’s a huge loss for Nike, but a massive addition for Athleta after signing Olympic track and field star Allyson Felix in July 2019.  Biles: Athleta signing about ‘what I… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link