Nike 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.
lululemon upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).