Nike (NKE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Nike (NKE) concluded the recent trading session at $62.37, signifying a +1.3% move from its prior day's close.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Nike (NKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
In 2013, Stephen Curry shocked the sneaker world by signing with then-upstart apparel company Under Armour over basketball powerhouse Nike. The deal was considered a defining moment in Curry's business career.
There has been a significant pullback in the retail sector recently, both in terms of stock prices and the United States economy, marked by slower consumer and business spending. The primary reason for this behavior and dynamic is that the recent trade tariffs implemented by President Trump may have spooked some in the sector, as it is heavily reliant on imports from other nations.
Nike Inc (NYSE: NKE) has been one big disappointment after another in recent years – and Josh Brown, a renowned investor and chief executive of Ritholtz has even lost conviction in its ability to recover.
Several popular stocks – NIKE NKE and Target TGT – have been beaten down over recent years, widely underperforming relative to the S&P 500.
'Mad Money' host Jim Cramer talks how to play Nike.
In the closing of the recent trading day, Nike (NKE) stood at $61.78, denoting a -1.67% change from the preceding trading day.
“Nike has strategically and quietly raised prices on styles they believe can handle price increases,” said BMO analyst Simeon Siegel.
Slowing sales growth at Deckers Outdoor's (DECK) Hoka brand could help Nike (NKE) regain market share in athletic footwear, Jefferies analysts said.