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Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:05 EDTNKE, ADDYYNike, Adidas output disrupted by China shoe factory strike, Bloomberg says
Employees at Nike (NKE) and Adidas (ADDYY) shoe supplier Yue Yuen Industrial in Dongguan, China have been on strike for three days in hopes to gain a 30% wage increase and better benefits, according to Bloomberg, citing a Yue Yuen spokesman. Reference Link
News For NKE;ADDYY From The Last 14 Days
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May 5, 2015
14:08 EDTNKEUnder Armour's Curry named NBA MVP, ESPN reports
Stephen Curry, who endorses Under Armour's (UA) sneakers , was named NBA MVP, ESPN notes. The Under Armour sneakers that were named for Curry have mostly sold out, added ESPN, which reported that Nike (NKE) had two chances to sign the star but passed on both opportunities. Reference Link
07:35 EDTNKEPotential tariff deal could boost Apparel margins, says Deutsche Bank
The potential trade agreement that would eliminate tariffs among the U.S. and 11 other countries, known as the Trans-Pacific Partnership, could help margins in the Apparel and Footwear sector over time, says Deutsche Bank. The firm estimates gross margin benefits from TPP could potentially reach 400 basis points for Nike (NKE) and 100-250 basis points for VF Corp. (VFC), Under Armour (UA) and lululemon (LULU). Approval for the TPP could be up for vote at the end of 2015, Deutsche believes.
May 4, 2015
06:41 EDTNKEDeckers Outdoor still struggling in Europe, says Piper Jaffray
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April 27, 2015
08:21 EDTADDYY, NKEBofA/Merrill retail/consumer analysts hold analyst/industry conference call
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April 24, 2015
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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06:45 EDTNKENike downgraded to Hold from Overweight at HSBC
HSBC downgraded Nike to Hold and lowered its price target to $104 from $107. The firm said Nike's valuation remains impressive but believes estimates are unlikely to move significantly higher given FX impact and downgraded shares due to valuation.

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