nike
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Analysts are likely to view these results as favorable, especially in light of prevailing negative investor sentiment. This is particularly important for the bottom line, which came in better than initially feared, indicating the resilience and strength of Nike's brand worldwide. How Nike Performed in FQ1Nike said its revenue popped 2% year-over-year to $12.94 billion, slightly below the expected revenue increase to $12.99 billion. On the bottom line, earnings per share of 94 cents crushed the analyst expectations for just a 75 cents per share profit. Region-wise, North America revenue came in...
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Key Points Nike had a decent quarter, but margin pressure is still present, and the guidance is weak.Analysts support the bull case, but no upgrades or price target increases have emerged.Nike stock could fall 10% or more if support does not step in to buy the post-release dip.5 stocks we like better than NIKENike (NYSE:NKE) proved again that it can Just Do It when operating in an ever-changing business environment. The Q3 results and guidance prove the company’s resiliency but also give evidence of market shifts that could weigh on the action in the 2nd half of 2023. The most noticeable chang...
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Nike’s CQ1 results were solid but strength was expected.Shares pulled back after an initial surge and may struggle to move higher.The pullback is an opportunity but support is yet to be confirmed.5 stocks we like better than NIKENike, Inc’s (NYSE:NKE) FQ3/CQ1 surprise isn’t all that surprising, given results from others in the industry. Retailers like Dick’s Sporting Goods (NYSE:DKS), Hibbett Inc. (NASDAQ:HIBB), and Academy Sporting Goods and Outdoors (NASDAQ:ASO) all reported solid results with strength in most verticals, including shoes. Q4 2022 hedge fund letters, conferences and more Find ...
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NIKE, Inc shares surged on strong results and outlook.The stock might be in a reversal, but it needs to clear a key level.Analyst’s sentiment is warming, and a string of positive commentary could be the catalyst this market needs.5 stocks we like better than NIKENIKE, Inc. (NYSE:NKE) stock is set up for a reversal, and the 2023 outlook may drive it. The company just reported earnings for CQ4 and not only beat on the top and bottom lines but showed significant improvement in its inventory position. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor h...
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Nike falls on a mixed FQ1 report that has the analysts worried about margins.Bloating inventory led to increased markdowns and this is expected in Q2 as well.Near-term headwinds are weighing on shares but a long-term buying opportunity is on the way.Nike’s (NYSE:NKE) FQ1 report is a wake-up call for investors who’ve not clued into the fact inventories are bloating across the retail universe. The cause begins with the pandemic shutdowns and ends with pandemic spending and supply chain hurdles that still plague the industry today. Q2 2022 hedge fund letters, conferences and more Find A Qualified...
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Ex-OpenSea product manager Nate Chastain was arrested in New York over alleged fraud charges related to the sale of non-fungible tokens (NFT) in the marketplace. Chastain took advantage of his position in the company to buy collectible tokens before they appeared on the OpenSea home page to later sell them at higher prices. OpenSeaAs reported by NBC News, Chastain faces electronic fraud and money laundering charges, and if found guilty, could be sentenced to up to 20 years in prison for each crime. Q1 2022 hedge fund letters, conferences and more Federal prosecutor Damian Williams ruled on the...
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Nike Surges On Revenue Strength And Wider MarginsShares of Nike (NYSE:NKE) are up more than 8% in the wake of the FQ3 earnings report and are leading the Dow 30 higher. The DJI is up nearly a full percent with the aid of Nike and it, too, could be heading higher. The move is spurred by better than expected results that include wider margins but there is a major hurdle ahead for both Nike and the Dow in the form of technical resistance. In the case of Nike, technical resistance is near the $139.75 level, just above the current price action, and it is consistent with a previous level of support....
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In the next five years, 70% of major brands will have a presence in the metaverseD2A (direct-to-avatar), a new form of interaction between brands and consumersQ4 2021 hedge fund letters, conferences and more Although not a new concept and with a long road ahead, the "Metaverse" is currently seen as the future of the Internet, which is why technology giants such as Meta Platforms Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL) are competing to be number one in the race to dominate the metaverse. Alfredo Pérez, International Business Manager at Tiendeo, a company that sp...
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An iron condor is an income trade that profits when a stock stays within a specified range over the course of the trade. One key factor to look for when trading iron condors is a stock with high implied volatility. One stock that meets that criterion is Nike Inc (NYSE:NKE). Q2 2021 hedge fund letters, conferences and more NKE is currently showing an implied volatility reading of 31.7%, significantly higher than the 19.6% we saw back in August. Traders thinking that volatility might drop while prices stabilize could look at an iron condor. When volatility is high, the iron condor can be placed ...
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