Piper Jaffray Raises Price Target on Nike (NKE) Following Investor Day

FBR Capital Raises Price Target on Nike (NKE) Following Investor Day

October 15, 2015 6:56 AM EDT

FBR Capital reiterated a Market Perform rating on Nike (NYSE: NKE), and raised the price target to $126.00 (from $120.00), following the company's investor day. NKE continues to uncover opportunities to drive innovation via its category offense and improved segmentation.

Analyst Susan Anderson commented, "We attended NKE's investor day at its HQ... More

Cowen Raises Price target on Nike (NKE) Following Analyst Day

October 15, 2015 6:37 AM EDT

Cowen reiterated an Outperform rating on Nike (NYSE: NKE), and raised the price target to $145.00 (from $140.00), following an analyst day. Management outlined several initiatives to support accelerated growth for the Nike brand, setting a new revenue goal of $50B through FY20 and mid-teens EPS growth.... More

Market Wrap: Wal-mart Outlook Pressures Stocks; Square Files for IPO; Netflix Slumps on Light Sub Additions

October 14, 2015 5:28 PM EDT

Market wrap for October 14th

End of the Day: S&P 500 down 9.5 to 1,994.24; Dow Jones down 157.1 to 16,924.75; Nasdaq down 13.8 to 4,782.85

Market Brief: Wal-mart dragged stocks down following its gloomy outlook issued for FY17. The company had the largest one-day percentage loss since early 1988.

Netflix missed Q3 EPS expectations and reported sluggish U.S. subscriber growth.

Twitter tapped a former Google executive as its Executive Chairman.

Payments processor Square disclosed plans to go public.

Crude oil fell 0.8 percent to $46.29 per barrel... More

Nike (NKE), Flex (FLEX) Enter Footwear Technology Partnership

October 14, 2015 4:43 PM EDT

NIKE, Inc. (NYSE: NKE) announced a partnership with Flex (Nasdaq: FLEX), a world-class global manufacturer, to accelerate NIKEs vision to bring advanced innovation to its manufacturing supply chain. Working together, NIKE and Flex will deliver footwear innovation that enables product to reach consumers more quickly, with customized solutions and increased performance innovation.

NIKE has been actively developing new technologies to enhance its manufacturing business model for the past few years with investments in automation,... More

Longer-Term Nike (NKE) Outlook Not Enough to Lift Under Armour's (UA) Spirits

October 14, 2015 2:25 PM EDT

Under Armour (NYSE: UA) share remain lower Wednesday following guidance from athletic apparel rival Nike (NYSE: NKE).

Earlier this afternoon, Nike... More

Nike (NKE) Targets $50 Billion in Revenue by End of 2020

October 14, 2015 1:28 PM EDT

NIKE, Inc. (NYSE: NKE) today will provide an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, Ore., the Company announced a revenue target of $50 billion by the end of fiscal year 2020.

This compares to the revenue consensus of $32.8 billion this year (fiscal year 2016).

Today, were showing how NIKE is built for growth now and... More

From gold to hard-hit Brazilian real, hedge funds place their bets

October 14, 2015 1:14 PM EDT

By Tova Cohen and Steven Scheer

TEL AVIV (Reuters) - From buying distressed emerging currencies and gold to shorting an ambitious cable TV operator, eight of the worlds leading hedge fund managers offered investment ideas to cope with market uncertainty on Wednesday.

Speaking at the Sohn Investment Conference in Tel Aviv, Paul McNamara, investment director at Swiss-based GAM Holding Inc, is putting his fund's money into emerging market currencies that have tumbled.

"Our top trade is to buy 'dogs' in emerging markets," he said. "They will come back."

... More