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February 5, 2014
05:59 EDTUA, ADDYYAdidas sues Under Armour over alleged patent infringement, Reuters reports
Adidas (ADDYY) has sued Under Armour (UA) in a U.S. court over alleged infringement of patents that relate to fitness training and tracker devices, products sold by MapMyFitness which Under Armour bought for $150M in November, reports Reuters. Reference Link
News For UA;ADDYY From The Last 14 Days
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October 1, 2014
06:07 EDTADDYYAdidas initiates multi-year shareholder return program
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September 29, 2014
14:47 EDTUAUnder Armour partners with NFHS Network
Under Armour and the NFHS Network announced a new multi-year partnership, making Under Armour the first Anchor Partner of the Network. The NFHS Network is the single online destination for watching boys and girls high school sporting events live and on demand from across the country so fans never have to miss a game. As part of this multi-year partnership, Under Armour will receive a full slate of traditional sponsorship and digital media elements including in-game promotions and featured content, pre-roll video ads and integrated site takeovers. Both Under Armour and the NFHS Network will work collaboratively to develop integrated and unique original programming and content opportunities.
06:40 EDTADDYYAdidas battles to entice top talent to Bavarian headquarters, Reuters says
Adidas (ADDYY) is aiming to entice designers, brand experts and technologically inclined employees to boost its image against Nike (NKE), however, persuading workers to relocate to its headquarters in the rural German town of Herzogenaurach is proving to be hard, according to Reuters, citing comments from Steve Fogarty. Fogarty is in charge of employer branding and digital recruiting at Adidas. Reference Link
September 26, 2014
16:15 EDTUAOn The Fly: Closing Wrap
Stocks on Wall Street were higher, regaining much of their losses from yesterday, after GDP data showed the U.S. economy grew at its fastest pace in more than 2 years during the second quarter. Also helping improve sentiment was the significant earnings beat from Dow member Nike (NKE). ECONOMIC EVENTS: In the U.S., second quarter real GDP growth was revised up to 4.6% in the government's third estimate. This was raised from the prior 4.2% growth estimate, though the upward revision had been expected by analysts. The final University of Michigan consumer sentiment index for September came in at 84.6, which was unchanged from the preliminary print but up from the final August reading of 82.5. COMPANY NEWS: Shares of Nike climbed $9.75, or 12.23%, to $89.50 after the company reported stronger than expected results and provided better than expected profit guidance. Following last night's report, a number of analysts reacted positively in notes this morning, including Janney Capital, which upgraded the stock to Buy from Neutral. Meanwhile, Deutsche Bank upgraded Under Armour (UA) to Buy, citing continued sector strength evidenced in Nike's results. Under Armour gained $2.27, or 3.36%, to $69.82 following the report from the industry leader and Deutsche's ratings action. MAJOR MOVERS: Among the notable gainers was Janus Capital (JNS), which surged $4.60, or 41.43%, to $15.72 after the company unexpectedly announced that "Bond King" Bill Gross, formerly of PIMCO, will join as a fund manager this Monday. Afterward, Citigroup upgraded Janus to Neutral from Sell, citing Gross' hiring. Also higher was Yahoo (YHOO), which jumped $1.71, or 4.39%, to $40.66 after activist investor Starboard Value announced it has acquired a significant ownership stake in the company and urged it to explore a strategic combination with AOL (AOL). Shares of AOL also rose $1.58, or 3.68%, to $44.55 following Starboard's public disclosure of its recommendation to Yahoo. Among the noteworthy losers was Finish Line (FINL), which was left out of the Nike-fueled rally in the sneaker sector and fell $4.30, or 14.62%, to $25.11 after the company reported second quarter earnings and revenue that missed expectations. Following Finish Line's Q2 report, the stock and peer Foot Locker (FL) were both downgraded to Neutral from Buy at Bank of America Merrill Lynch. Also lower were shares of AcelRx (ACRX), which fell $1.31, or 19.49%, to $5.41 and was downgraded to Neutral at Roth Capital after the company said it has to resubmit for FDA approval of its Zalviso drug. INDEXES: The Dow advanced 167.35, or 0.99%, to 17,113.15, the Nasdaq gained 45.45, or 1.02%, to 4,512.19, and the S&P 500 rose 16.86, or 0.86%, to 1,982.85.
10:58 EDTUAFinish Line left out of sports footwear rally after earnings miss
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10:31 EDTUANike runs higher after results, guidance beat expectations
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10:01 EDTUAOn The Fly: Analyst Upgrade Summary
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09:33 EDTUAUnder Armour upgraded to Buy from Hold at Deutsche Bank
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09:23 EDTUAUnder Armour upgraded to Buy from Hold at Deutsche Bank
09:03 EDTUAOn The Fly: Pre-market Movers
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September 25, 2014
18:21 EDTUAOn The Fly: After Hours Movers
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12:42 EDTADDYYEarnings Preview: Analyst sees Nike reporting better than expected Q1 results
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September 22, 2014
11:00 EDTUAUnder Armour management to meet with SunTrust
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September 18, 2014
09:22 EDTUABack to school season healthy for footwear, says Sterne Agee
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September 17, 2014
10:00 EDTUAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.

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