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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:56 EDTUA, LULU, NKE, SKXUnder 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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October 16, 2014
10:01 EDTLULUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
05:39 EDTLULUlululemon downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded lululemon to Underperform after assuming coverage of the stock saying the company's expansion into Asia and Europe will drive a meaningful increase in spending. The firm lowered its price target for shares to $34 from $40.
October 15, 2014
10:02 EDTNKEOn The Fly: Analyst Upgrade Summary
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08:28 EDTNKENike upgraded to Conviction Buy from Buy at Goldman
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06:12 EDTNKENike's Converse sues rivals over 'copycat' design, NY Post reports
Converse, a unit of Nike (NKE), is suing rivals including Ralph Lauren (RL) and Tory Burch, alleging that shoemakers and retailers are copying its iconic design, the New York Post reports. Lawyers for Converse say "We welcome fair competition, but we do not believe companies have a right to copy the trademarked look." The lawsuit seeks unspecified damages and injunctions that would bar the production of the rival shoe models. Reference Link
October 13, 2014
14:02 EDTLULUlululemon's Q3 sales tracking below consensus, says ITG Research
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October 9, 2014
09:41 EDTNKEBofA/Merrill retail analysts hold an analyst/industry conference call
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06:10 EDTLULU, NKEStocks with implied volatility below IV index mean; NKE LULU
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October 8, 2014
09:23 EDTSKXCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
06:00 EDTLULUStocks with implied volatility below IV index mean; ADHD LULU
Stocks with implied volatility below IV index mean; Alcobra (ADHD) 123, lululemon (LULU) 35 according to iVolatility.
October 7, 2014
10:12 EDTSKXSkechers initiated with a Buy at Monness Crespi (pre-open)
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