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Puts Sold on K-Swiss (KSWS)
Thursday, May 27, 2010 - 1:01pm | 123Shares of K-Swiss Inc. (NASDAQ: KSWS) are higher on the session by 3.22%, currently trading $12.50. The stock has been on a volatile ride as off late, but has managed to regain the 50-day and 200-day moving averages, which is a bullish sign. There was some concern and put buying in the name last...
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How Bulls and the Bears Might Play Options Strategies in Nike (NYSE: NKE)
Wednesday, May 26, 2010 - 8:58am | 1690Tuesday morning, Argus upgraded Nike (NYSE: NKE) shares to a “buy” from a “hold” rating, setting a 12-month price target of $82. The firm believes the athletic apparel giant is well positioned to outperform its competitors and deliver solid earnings growth. Speaking of outperformance, the stock...
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Puts Sold on K-Swiss (KSWS)
Monday, May 24, 2010 - 2:27pm | 114Shares of K-Swiss Inc. (NASDAQ: KSWS) are higher on the session by 0.56%, currently trading $12.63. The stock has been jumping wildly in the past few weeks, but it has recently regained the 50-day and 200-day moving averages, which is a bullish sign. I am also detecting bullish put activity today...
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Puts Bought on K-Swiss (KSWS)
Friday, May 21, 2010 - 11:45am | 115Shares of K-Swiss Inc. (NASDAQ: KSWS) are higher on the session by 3.60%, currently trading $12.66. The stock recently cratered hard during the “flash crash” but has rallied back just as hard and is now in bullish territory once again above both the 50-day and 200-day moving averages. It looks...
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Puts Sold on Sketchers USA
Thursday, May 20, 2010 - 11:13am | 100Shares of Sketchers USA Inc. (NYSE: SKX) are trading lower on the session by 4.72%, currently at $34.13. The stock ahs enjoyed an amazing run over the past year, but has recently sold off, below the 50-day moving average. Traders are selling out of the long puts today, though. The July $30 puts...
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Bears Have Momentum 05-18-2010
Tuesday, May 18, 2010 - 3:07pm | 813Cusick’s Corner The bears have the momentum at this stage, even with the positive start to the day. As noted in past Corners, we could be stuck in a whippy but consolidated range-bound trade. With Euro still under pressure and the Dollar still seeing some flight to quality trade, this market seems...
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Benzinga’s Volume Movers (SINA, PWRD, KSWS, STRA)
Tuesday, May 18, 2010 - 1:51pm | 188Sina Corp (NASDAQ: SINA) shares gained 8.18% to $37.70 by 12 pm. The volume of SINA shares traded was 455% higher than normal. Gains related to its investment in a real estate information company helped SINA, one of the most popular Internet portals of China, report a 150% jump in its Q1 net profit...
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US Footwear Segment Shows Continuous Growth (C, DKS, FL, BWS, CROX)
Tuesday, May 18, 2010 - 1:16pm | 169Total athletic footwear point-of-sales increased 6.7% y/y in April. It’s the 6th consecutively positive monthly data but the increase rate is down from March’s 21%. In its report tracking the U.S. footwear market, Citi (NYSE: C) has stated that the stellar performance in March was helped by Easter...
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Bears Target Crocs (CROX)
Tuesday, May 18, 2010 - 1:03pm | 102Shares of Crocs Inc. (NASDAQ: CROX) are trading flat on the session, currently at $10.51, but traders are buying puts in the name today. Put volume is now running at 4x the daily average with the September $10 put purchased over 1,000 times on open interest of 287 contracts. Small lots of puts have...
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Benzinga's After Hours Gainers (MGM, BZH, KSWS)
Monday, May 17, 2010 - 7:23pm | 173Among the notable stocks that are moving higher today in the after hours are MGM Mirage (NYSE: MGM), Beazer Homes (NYSE: BZH), and K-Swiss (NASDAQ: KSWS). MGM Mirage (MGM) shares have moved 3.60% higher to $13.32 in the after hours trading session, after losing 2.42% during regular market hours....
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Skechers (SKS) To Gain From International Market
Thursday, May 13, 2010 - 2:08pm | 113Skechers USA (NYSE: SKX) has been added to Wunderlich Securities’ Best Ideas list, as analysts reiterated the Outperform rating on the company. The price target has been raised from $49 to $50. The target has been derived by applying a 14x multiple on the 2011 estimate of $3.58. Skechers USA is...
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NKE Reduces Exposure To Major Currencies
Monday, May 10, 2010 - 3:25pm | 139Analysts at Goldman Sachs reiterate their "buy" rating on Nike Inc (NYSE: NKE), while revising their estimates for the company. The target price for NKE is set to $85. NKE had, till now, exposure of around 20% to the EUR and 33% to Europe as a whole. Nike has now used translational hedges to...
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Crocs (CROX) Moves Up On Improved Earnings And Guidance
Friday, May 7, 2010 - 2:33pm | 94Crocs Inc. (NASDAQ: CROX) advanced close to 7% to $10.15, after soaring even higher after a gap-up opening on Friday. Crocs Inc. (CROX), the maker of plastic footwear apparel, forecast a Q2 profit of 22 cents a share, which beat the street estimates of 17-cent. Crocs Inc. (CROX) also reported first...
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Crocs Is Surging On High Volume (CROX)
Friday, May 7, 2010 - 1:36pm | 109Crocs, Inc. (NASDAQ: CROX) released their quarterly earnings report after the closing bell yesterday afternoon. The footwear apparel company reported earnings per share of $0.07 compared to Wall Street estimates of $0.02. In the year ago period the company reported a loss of $0.27 per share. Year...
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Nike Sets Ambitious Growth Targets (NKE)
Thursday, May 6, 2010 - 11:35am | 149Nike Inc. (NYSE: NKE) has lofty plans to increase its sales by 40% in five years. The company has also said that it will expand its apparel and retail business. Nike’s (NKE) chief executive officer Mark Parker said that the company expects to generate $12 billion in cumulative free cash flow...