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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 3:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Soft Patch Creating Hard-Landing Nightmares
Friday, July 1, 2011 - 1:05am | 1423Boo! Was that a ghost, or was that just some soft patch talk scaring you during a nightmare? The economic data hasn't been exactly rosy over the last month, and as a result, investors have gotten spooked and have chosen to chainsaw their equity positions. Since late April, nervous investors had...
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Top 4 Mid-Cap Stocks In The Textile-Apparel Footwear & Accessories Industry With The Highest EPS Estimates
Thursday, June 30, 2011 - 11:24pm | 150Below are the top mid-cap textile-apparel footwear & accessories stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Deckers Outdoor Corporation (NASDAQ: DECK) for the next year ending December, 2012 is $5.42 per share. DECK's PEG ratio...
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Lululemon and Nike Bounce Off Lows
Thursday, June 30, 2011 - 9:19am | 207This morning, leading Canadian yoga apparel maker Lululemon Athletica Inc.(Nasdaq: LULU) started the morning lower trading below $110.00 a share. The early decline seemed to be caused by a downgrade. The stock has surged higher by 35.0 percent since making a low pivot on June 6, 2011 at $82.36 a...
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ISI Reiterates Buy on Nike, Raises PT to $110
Thursday, June 30, 2011 - 8:43am | 43ISI reiterated its Buy rating on Nike (NYSE: NKE). At the same time, ISI raised its price target on the company's stock from $100 to $110. In today's trading, Nike added 0.2% to its value to trade around $89.96.
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Rally Extended 06-29-2011
Wednesday, June 29, 2011 - 2:31pm | 936Cusick's Corner Today's snapshot: Greeks respond to austerity measures, BAC settles and bonds tumble. The Finance sector had the largest lift into the midday, thanks to more clarity from Bank of America concerning fallout from the mortgage and CDS markets which additionally helps estimate the...
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Rally Extended 06-29-2011
Wednesday, June 29, 2011 - 2:31pm | 936Cusick's Corner Today's snapshot: Greeks respond to austerity measures, BAC settles and bonds tumble. The Finance sector had the largest lift into the midday, thanks to more clarity from Bank of America concerning fallout from the mortgage and CDS markets which additionally helps estimate the...
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Options Brief: Skechers U.S.A.
Wednesday, June 29, 2011 - 11:50am | 92Shares of Skechers U.S.A. (NYSE: SKX) are higher on the session by 0.55%, trading at $14.51. Overall call volume is now running at 2.22x the daily average, with 66% of all calls traded being purchases on the offer. 2,811 contracts have traded on the session so far. Skechers U.S.A., Inc. design...
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Bank Of America Comments On Nike Revenue
Wednesday, June 29, 2011 - 7:00am | 76According to Bank of America, Nike (NYSE: NKE) expects to increase F2015 revenue to $28bn-$30bn revenue (from prior goal of $27bn and current ~$20.9bn). Bank of America said that it believes the strong athletic cycle will continue to support strong global futures orders into F12 (F4Q11 +12%). “...
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UPDATE: Citi Raises PT on Nike to $98
Wednesday, June 29, 2011 - 6:20am | 136Citi is out with its report today on Nike (NYSE: NKE), raising its PT from $95 to $98. In a note to clients, Citi writes, "NKE guided basically the same FY12 guidance when we last heard from mgt in March. Rev +HSD-LDD w/ 1Q revenue growth below futures growth +12%; gross margins -300bps 1Q...
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Capstone Upgrades Nike To Buy, $105 PT
Wednesday, June 29, 2011 - 5:52am | 24Capstone has upgraded Nike (NYSE: NKE) from Hold to Buy and has established a $105 price target.
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Jefferies Reiterates Buy and PT of $100 on Nike
Wednesday, June 29, 2011 - 5:34am | 53Jefferies reiterated its Buy rating on Nike (NYSE: NKE). At the same time, Jefferies left its price target on the company's stock unchanged at $100. On Tuesday, Nike surged 10.14% to close the day at $89.90. Its shares continued to climb higher in today's pre-market trade, rising 0.39% to $90.25.
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Citigroup Raises PT On Nike To $98
Wednesday, June 29, 2011 - 5:24am | 25Citigroup has raised the price target on Nike (NYSE: NKE) from $95 to $98 and maintains its Buy rating.
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Nike
Tuesday, June 28, 2011 - 5:39pm | 20Nike (NKE), the athletic gear giant, plans to raise prices in 2012, though gross margins are expected to shrink. Shares dipped.
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Zings Of The Day June 28, 2011
Tuesday, June 28, 2011 - 2:37pm | 108Nike Inc (NYSE: NKE) reported strong earnings last night, as higher revenues offset higher costs, and the company showed surprising strength for the future. I guess "Just Do It" is doing just fine. Microsoft Corp (NASDAQ: MSFT) released its Office 365 software, bringing Microsoft Office to the...