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Stock Market & Financial Investment News

News Breaks
December 18, 2012
12:49 EDTNKENike December volatility elevated into Q2 and inventory outlook
Nike December call option implied volatility is at 49, January is at 27, April is at 23; compared to its 26-week average of 26 according to Track Data, suggesting larger near term price movement into the expected release of Q2 on December 20.
News For NKE From The Last 14 Days
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May 21, 2013
14:50 EDTNKEWal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link
May 14, 2013
08:06 EDTNKEBofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am.
07:00 EDTNKENike price target raised to $75 from $65 at Barclays
Barclays expects Nike to return to gross margin expansion in Q3 and that the re-acceleration of futures in the U.S. and China will drive shares higher. The firm rates Nike an Overweight.

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