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NKE - NIKE Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Cy McCaffrey, Mar 31, 2016.

  1. Cy McCaffrey

    Cy McCaffrey Content Manager
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    [​IMG]

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    Nike, Inc. (NKE) is an American multinational corporation that is engaged in the design, development, manufacturing and worldwide marketing and sales of footwear, apparel, equipment, accessories and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is one of the world's largest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$24.1 billion in its fiscal year 2012 (ending May 31, 2012). As of 2012, it employed more than 44,000 people worldwide. In 2014 the brand alone was valued at $19 billion, making it the most valuable brand among sports businesses.

    The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike, the Greek goddess of victory. Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, and subsidiaries including Brand Jordan, Hurley International and Converse. Nike also owned Bauer Hockey (later renamed Nike Bauer) between 1995 and 2008, and previously owned Cole Haan and Umbro. In addition to manufacturing sportswear and equipment, the company operates retail stores under the Niketown name. Nike sponsors many high-profile athletes and sports teams around the world, with the highly recognized trademarks of "Just Do It" and the Swoosh logo.
     
  2. Gil Oren

    Gil Oren Brew Master
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    Earnings just in!

    Standby... not looking good
     
  3. Gil Oren

    Gil Oren Brew Master
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    -6%

    49.80
     
  4. Gil Oren

    Gil Oren Brew Master
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    Nike quarterly sales rise less than expected, shares drop

    http://finance.yahoo.com/news/nike-quarterly-sales-rise-less-203508885.html

    (Reuters) - Nike Inc's (NKE.N) fourth-quarter revenue rose less than analysts had estimated as a strong dollar ate into sales from some overseas markets and as it cleared excess inventory in North America.

    Shares of the world's largest footwear maker tumbled 6.2 percent to $49.79 in extended trading on Tuesday.

    Nike's revenue rose nearly 6 percent to $8.24 billion in the fourth quarter ended May 31. Analysts on average had expected revenue of $8.28 billion, according to Thomson Reuters I/B/E/S.

    The company, which owns the Jordan and Hurley brands, said its net income fell to $846 million from $865 million a year earlier. On a per share basis, profit was flat at 49 cents.
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Probably go back up on the next quarter with the Lebron shoes as the Cavs won championship
     
  6. Gil Oren

    Gil Oren Brew Master
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    This was a pretty important support they just lost, but the mid $40's would be attractive if it got that low.

    [​IMG]
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (6/28/16)
    Earnings: EPS $0.49 Revenue $8.24B
    Estimates: EPS $0.48 Revenue $8.28B

    Down 4.03% after hours
     
    Tiptopptrader likes this.
  8. YLC

    YLC Member

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    Nike is now below the 20, 50 and 200 ma. I had been looking at Nike for a long long term hold, and this might be a good buying opportunity.

    I think it's just below the weekly support of around $55 now. I wonder if $50 is achievable.
     
  9. fidelgeorge

    fidelgeorge Active Member

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    Follow recent bearish comment, now the price is approaching entry point provided that the market holds
    nke.png
     
  10. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Oppenheimer
    Change: Coverage Initiated
    Previous Rating: N/A
    Current Rating: Perform
    Previous Price Target: N/A
    Current Price Target: N/A
     
  11. Tiptopptrader

    Tiptopptrader Well-Known Member

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    T0rm3nted likes this.
  12. LloydWCoutee

    LloydWCoutee Active Member

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    wouldn't add above $46 anyway. Might pay to wait.
     
    Gil Oren likes this.
  13. Gil Oren

    Gil Oren Brew Master
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    52wk lows, no relief for longs yet
     
  14. YLC

    YLC Member

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    Lol my guess came true. 5 year chart the 20ma is below 100ma. Next stop $45?
     
  15. T0rm3nted

    T0rm3nted Moderator
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    Recent Insider Trading:

    upload_2016-11-5_15-16-47.png
    upload_2016-11-5_15-16-54.png
     
  16. T0rm3nted

    T0rm3nted Moderator
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    Upcoming Dividend Information:

    upload_2016-11-29_0-29-33.png
     
  17. Gil Oren

    Gil Oren Brew Master
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    Heads up!

    $52 resistance being challenged on what looks to be the biggest uptick in a while!
     
  18. Gambit

    Gambit Active Member

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  19. fidelgeorge

    fidelgeorge Active Member

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    Sentiment is too -very with dollar strengthening. But expecting a beat and better guidance. Will get calls today.
     
  20. LloydWCoutee

    LloydWCoutee Active Member

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    Nike's hold rating reiterated at Brean Capital.
     

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