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Stock Market & Financial Investment News

News Breaks
April 21, 2014
06:40 EDTNKENike to pull out of wearable-hardware market, Cnet says
Nike is preparing to end production of wearable-hardware devices, and last week laid off most of its workers responsible for developing its FuelBand fitness tracker, Cnet reported Friday night. "As our Digital Sport priorities evolve, we expect to make changes within the team, and there will be a small number of layoffs," a Nike spokesman said, the website stated. Reference Link
News For NKE From The Last 14 Days
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May 5, 2015
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 EDTNKEBofA/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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