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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:56 EDTNKE, LULU, SKX, UAUnder Armour rises after analyst says growth potential underestimated
Shares of athletic apparel maker Under Armour (UA) are rising after research firm Jefferies upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: Jefferies analyst Randal Konik wrote that the firm's survey indicates that Under Armour's dominance with young people and women is growing, while many men are also buying the company's athletic apparel. The market is underestimating Under Armour's long-term growth potential, contended Konik, who predicted that the company can generate $15B in sales over the next decade, as athletic apparel sales should continue to be strong. He raised his price target on the shares to $65 from $50. OTHERS TO WATCH: Nike (NKE) competes with Under Armour in apparel, footwear, and other areas. lululemon (LULU) also makes athletic apparel, while Skechers (SKX) makes sports footwear. PRICE ACTION: In early trading, Under Armour gained 1.2% to $51.71.
News For UA;LULU;NKE;SKX From The Last 14 Days
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September 3, 2015
08:38 EDTLULULululemon September weekly volatility elevated into Q2 and outlook
Lululemon 9/11/15 weekly call option implied volatility is at 76, September is at 64, October is at 49; compared to its 52-week range of 25 to 63, suggesting large near term price movement into the expected release of Q2 results on September 10.
07:39 EDTLULUlululemon added to Best Ideas List at Wedbush
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September 2, 2015
08:02 EDTLULUlululemon checks positive, says Bernstein
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06:22 EDTUA, LULUNew Balance to enter 'athleisure' sector, Business Insider reports
New Balance is launching a new "athleisure" line and is planning to mail a catalog to more than 1M U.S. women, Business Insider reports, citing comments from Norma Delaney, head of global marketing for NB Women. The line will compete with offerings from Lululemon (LULU), Under Armour (UA), Victoria's Secret (LB) and Dick's Sporting Goods (DKS). Reference Link
August 31, 2015
19:48 EDTUAUnder Armour exec calls company 'underdog brand,' Fast Company says
In a Fast Company interview published Monday, Under Armour SVP of global brand marketing Adrienne Lofton said, "We're an underdog brand. We work with athletes who most people wouldn't or didn't draft in the first round... We pick that athlete with a chip on their shoulder and their desire to win because it aligns with our own attitude." Lofton also explained that "right now it's about three to five year planning to make sure from product to storytelling we are locked and loaded with a cadence that is set for growth. You talk about being a $10B company, we can't do it the way we used to, which was essentially sitting around a table and deciding what was important eight months out." Reference Link
August 28, 2015
07:12 EDTLULUWilliam Blair names 21 stocks best positioned for volatile markets
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August 27, 2015
07:56 EDTLULULululemon September weekly volatility elevated into Q2 and outlook
Lululemon 9/11/15 weekly call option implied volatility is at 66, September is at 61, October is at 48; compared to its 52-week range of 25 to 63, suggesting large near term price movement into the expected release of Q2 results on September 10.
07:52 EDTLULUBarclays would be a buyer of lululemon into the Q2 report
Barclays analyst Matt McClintock believes lululemon will report meaningful upside to his 7.7% total comp estimate when it reports Q2 earnings on September 10. Channel checks suggest a strong consumer response to new tops introduced in Q2 with stock outs above 50%, promising Google search activity, and momentum in men's. McClintock believes his earnings estimates will prove conservative and is a buyer into the report. Barclays' rates lululemon an Overweight with an $85 price target on shares.
07:20 EDTNKENike continuing to 'dominate' back to school, says Stifel
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August 26, 2015
11:43 EDTUAUnder Armour investors approve plan for Class C shares, Bloomberg reports
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10:26 EDTUAUnder Armour investors approve plan for Class C shares, Bloomberg reports
Bloomberg cites an e-mail confirmation from a company spokesperson.
10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
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07:45 EDTNKENike upgraded to Positive at Susquehanna
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06:40 EDTNKENike upgraded to Positive from Neutral at Susquehanna
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August 24, 2015
09:45 EDTNKEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
06:20 EDTNKENike upgraded to Outperform from Market Perform at Telsey Advisory
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