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Index Futures Indicate Bullishness In Oracle And RIM (ORCL, RIMM, AMZN, NKE, FDX)
Friday, December 18, 2009 - 2:04pm | 208Technology giants Oracle (NASDAQ: ORCL) and Research In Motion (NASDAQ: RIMM) reported upbeat results this week. Oracle was driven by new software sales and company officials said that they expect sales to accelerate this quarter. Research In Motion reported that it had shipped a record breaking...
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Nike’s Earnings
Friday, December 18, 2009 - 10:43am | 154Two days ago, I made the case that Nike (NYSE: NKE) had expectations set way too high by analysts. Analysts were in fact right in that the company did come in ahead of consensus and reported EPS of 0.76, which was the whisper earnings number. Future orders were off 1%, which is a little...
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Company News for December 18, 2009 - Corporate Summary
Friday, December 18, 2009 - 10:04am | 216• Research in Motion (NASDAQ:RIMM) posted strong results and gave a strong guidance as quarterly earnings reached $1.10 in the third quarter, up from 69 cents a year ago and Zacks estimates of $1.04. The firm said it sees fourth-quarter earnings of $1.23 to $1.31 a share, with revenues projected at...
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Nike (NKE) Will Continue To Support Tiger Woods
Friday, December 18, 2009 - 9:38am | 75NIKE, Inc. (NYSE: NKE) CEO Mark Parker was questioned about Nike’s golf business and Tiger Woods who is a key endorser for Nike’s brands. Parker noted that Nike generates over $650 million from its golf business and it was the hardest hit segment during the economic downturn. He added that Nike...
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Pete Najarian Likes NKE And STX
Thursday, December 17, 2009 - 8:46pm | 70Pete Najarian said on CNBC's Fast Money that he is a buyer of Nike (NYSE: NKE), which is set to report earnings after the bell. He also likes Seagate Technology (NASDAQ: STX) which is a great stock in his opinion. Nike (NKE) dropped 1.25% today and closed at $63.25. Seagate (STX) adde 0.06%.
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Nike Beat Q2 Earnings View
Thursday, December 17, 2009 - 5:19pm | 50Nike (NYSE: NKE)(FREE stock trend analysis) posted earnings of $0.76 vs Street's view of $0.71. Nike's revenue was $4.41 billion vs Street's view of $4.40 billion. Nike's gross margin was just over 45%. Nike is trading up 1.85% in the after-hours session.
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Go On. Dump The Tiger.
Thursday, December 17, 2009 - 3:21pm | 305As Tiger Woods' string of extramarital affairs grew longer, the tagline “It’s what you do next that counts” proved to be catchier than Accenture (NYSE: ACN)(FREE stock trend analysis), a Tiger sponsor, had bargained for. The golfer has been the consulting firm’s public face since 2003. He was...
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Stock Market News for December 17, 2009 - Market News
Thursday, December 17, 2009 - 9:59am | 398The US Federal Reserve’s extraordinary intervention in the credit markets that began almost two years ago is likely to continue – at least in the near future. Yesterday, at the end of the two-day meeting of the Federal Open Market Committee, the Fed repeated its commitment to keep interest rates “...
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Benzinga's Earnings Preview (ORCL, ACN, DFS, RAD, RIMM, NKE)
Thursday, December 17, 2009 - 6:53am | 274Oracle Corporation (NASDAQ: ORCL)(FREE stock trend analysis) is expected to report fiscal second-quarter earnings of 36 cents a share on revenue of $5.69 billion. Wednesday, ORCL closed at $23.11. Accenture Plc (NYSE: ACN)(FREE stock trend analysis) is projected to report fiscal first-quarter...
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Trading Nike’s Earnings
Wednesday, December 16, 2009 - 5:13pm | 222Nike (NYSE: NKE)(FREE stock trend analysis) is scheduled to report earnings tomorrow after the bell. Estimates for the company are 0.71 EPS on 4.40 billion in revenue. Some analysts are looking for Nike to continue to surprise everyone, even during an economic downturn, and this is reflected in...
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Is Tiger Woods Fallout Heralding An End of the Expensive Endorsement Era?
Wednesday, December 16, 2009 - 11:39am | 320When Tiger Woods was dropped by Buick in 2008, it was just a decision prompted by recession. However, with Woods getting embroiled in the controversy surrounding his extramarital relations, Accenture (NYSE: ACN) has dropped him and Gillette has put him on a “hiatus.” The reaction of the Big Brands...
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Nike: Expect Signs Of Sales Improvement
Tuesday, December 15, 2009 - 11:32am | 150Analysts at Goldman Sachs reiterate their "Buy" rating on NIKE, Inc. (NYSE: NKE) with a $75 six-month price target, ahead of Nike’s 2QFY10 EPS on Thursday. The firm says “Our $0.81 EPS estimate is ahead of consensus as we expect margins upside, primarily on gross margin where we expect lower input...
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Fox Catches Tiger Woods Hiding In A Private Island
Wednesday, December 9, 2009 - 12:46pm | 81Fox news reported that Tiger Woods and wife Elin Nordegren are planning to move temporarily to a private island near Sweden to escape from media glare. Companies with whom he has endorsement deals: Accenture Plc (NYSE: ACN), NIKE Inc. (NYSE: NKE), American Express Company (NYSE: AXP) and...
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Controversy Pushes Tiger’s Ads Off The Screen
Wednesday, December 9, 2009 - 5:57am | 142Prime-time broadcast television and major cable channels seem to have shunned Tiger Woods, following the controversy surrounding his personal life. According to New York based Nielsen Co., the last prime-time ad featuring Tiger Woods was aired on Nov.29. The 33-year-old No.1 Golfer has suffered a...
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NIKE (NKE) Announces Q2 Fiscal 2010 Earnings
Friday, December 4, 2009 - 7:46am | 89NIKE, Inc. (NYSE: NKE) plans to release its second quarter fiscal 2010 financial results on Thursday, December 17, 2009, at approximately 1:15 p.m. following the close of regular Stock market trading hours. Following the news release, Nike management will host a conference call beginning at 2:00 p....