No pullback here, 18% for the year, this bottomed already months ago. Strong move to $58 by Friday, maybe $60, IMO. STRONG!
Nike Receives a Hold from Oppenheimer The company’s shares closed yesterday at $51.79, close to its 52-week low of $49.01. Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $62, representing a 19.7% upside.
Nike beats Street but races to keep on top Matt McClintock, Barclays, discusses Nike's quarterly results and growing competition in sports apparel. http://finance.yahoo.com/video/nike-beats-street-races-keep-112800653.html
Nike (NYSE:NKE) is up 1.47% in premarket trading after the company beat Q2 estimates. Shares were initially even higher before the Swoosh reported during its conference call that futures orders growth was below analyst expectations.
Am just adding more shares at a cheaper price. Long term this is going to fly. Just keep buying on the dip. Everyone has owned Nike brand goods in their lifetime and they will keep buying Nike. Nike stock will rebound and that is a fact.
NKE reporting earning tomorrow. stock has breakout of its downward channel today, but what makes it different than under armor?
Looks like a real good low-risk entry point. Multiple supports around $54 (200 sma, trendline as drawn by finviz, former resistance in January, I hear there's a Fibonacci support). Just not sure how much it will bounce. Someone asked what was the difference between NKE and UAA, and I couldn't really say other than size. Anyone think the Ball brothers (high school/college basketball players) will sign with Nike?
I think the oldest might have some problems dealing with his father's reputation but ultimately may go less main stream with his choice of shoe company. Once the younger brothers come out of school maybe we will see a family dynasty.
I can't take his dad seriously on making his own shoe company (if he doesn't get $1 billion contract from an established company). It's not as easy as silkscreening your own shirts with some stupid catchphrase on it.
Lets see if NKE gets closer to $53, I may consider some LEAP calls if this can hold that uptrending support.
NKE is supported by the market outside the US. US market is mainly supported by heavily discounted products, which yield lower margin. However, in the other market, such as Asia's, Adidas is getting a upper hand. I agree that Nike is not going to collapse any time soon nor in the next decade, but I don't think it is getting any where as well without some real change to its product pipeline.
Shares of Nike ($NKE) may come under pressure after the athletic footwear and apparel maker reported better than expected fourth quarter earnings but on revenues that missed estimates. The company also provided disappointing guidance.
$NKE buyer of the June 30th 52x puts 20,500 times for $0.72 - $0.90. Earnings on June 29th after the market close.
