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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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Nordstrom cuts earnings guidance after weak holiday sales.The stock is down 7% and may move down another 25%.Other major retailers report in late February and could report similarly weak results.5 stocks we like better than NordstromIf Macy’s (NYSE:M) warning wasn’t enough to put the fear of markdowns into the retail sector Nordstrom (NYSE:JWN) should seal the deal. The company lowered its outlook for both revenue and earnings citing weaker-than-expected sales and the impact of inventory-clearing markdowns. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach...
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Analysts are rewarding stocks like Netflix when they provide good news.Nike stock is also ready to move higher on a wave of analysts’ support.Biogen is the most upgraded stock and offers outperformance in the healthcare sector.5 stocks we like better than NetflixThe outlook for 2023 is very cloudy, as seen in the S&P 500 price action. The outlook for all stocks is not the same, however, and the analysts are rewarding those with proven performance and the ability to grow margins in the face of rising inflation. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorE...
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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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In hisDaily Market Notes report to investors, Louis Navellier wrote: Santa Claus SightingStocks are making a serious effort to mount a Santa Claus rally this morning. The Dow opened up 300 points and all the major indexes are solidly in the green. Stocks managed to close marginally in the green yesterday after four days in the red. Sectors that have had a rough month are rebounding; consumer discretionary +1.,2%, banks + 1.5%, retail +1.4%. Even Ark Innovation (ARKK) is up 0.75%. Q3 2022 hedge fund letters, conferences and more The VIX is down 5.4% to 20.3 as traders are cautious of getting ru...
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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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Wall Street digests mixed retail earnings, Mester remains very hawkish, Oil market stays tight, Gold ready to shine, a Crypto fund ordered to liquidate – OANDA US stocks softened after key earnings from retailers provided limited optimism for the rest of the year and as rising long-term inflation expectations could tilt the Fed into sending the economy into a recession. Record inflation for Spain caught everyone’s attention, as traders shrugged off the temporary improvement with pricing pressures from Germany, which are only coming down from the highest levels in nearly a century. Q1 2022 hedg...
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In hisDaily Market Notes report to investors, while commenting on peak inflation, Louis Navellier wrote: Better Half?After a 6% week, the market takes a pause. After the 2nd best week of the year for the S&P and first weekly rise in a month the market is giving a little back this morning, but not much so far. For the week, the Dow was up +5% and NASDAQ +7%. Q1 2022 hedge fund letters, conferences and more While it's sobering that the first half of the year is the worst since 1970, history also says that when the first half of the year is down at least 15% the 2nd half of the year is up every s...
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