Nike Leaps as North American Earnings Recover, Announces $15 Billion Buyback

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  • 28 Jun '18 at 11:22 pm #17202
    ThePitBoss
    Participant

    Nike reported much stronger earnings than expected after…

    [article]887[/article]

    29 Jun '18 at 4:45 pm #17212
    TradersCom
    Keymaster

    Nike Inc $NKE Now Up Over 10% After Crushing Earnings
    Pre-market 79.10 +7.40 (10.32%)

    29 Jun '18 at 5:28 pm #17213
    ThePitBoss
    Participant

    After Earnings Nike Coverage Reiterated/Price Target Changed *

    Ticker – Brokerage Firm – Ratings Change – Price Target

    NKE – Stifel – Buy $87 >> $90
    NKE – B. Riley FBR, Inc. Neutral $68 >> $76
    NKE – Pivotal Research Group – Hold $73 >> $78
    NKE – Telsey Advisory Group – Outperform $82 >> $87

    30 Jun '18 at 11:32 pm #17227
    MoneyNeverSleeps
    Participant

    Nike Inc
    NYSE: NKE · June 29, 7:59 PM EDT
    79.68 ▲ 7.98 (11.13%)

    20 Aug '18 at 8:49 pm #17801
    ThePitBoss
    Participant

    Nike Inc. $ NKE raised to Overweight from Neutral and price target raised to $93 from $72 at Piper Jaffray.

    20 Aug '18 at 8:50 pm #17802
    ThePitBoss
    Participant

    Nike $NKE upgraded to Positive from Neutral and price target lifted to $93 from $78 at Susquehanna.

    10 Sep '18 at 8:08 pm #18091
    ThePitBoss
    Participant

    Nike Inc.$NKE reiterated as Outperform and price target was raised to $90 from $85 Friday had a $80.30 close) at Wedbush Securities.

    Nike’s stock saw $4.16 billion cleaved from its market capitalization following the release of a new ad campaign featuring the controversial quarterback-turned-activist. The sportswear company’s shares briefly regained the full loss in early trading on Monday when the stock price gained as much as 2.67 percent as of 11:00 in New York. Wedbush Securities raised its price target for the stock from $85 to $90 on Monday.

    The brief drop in the company’s stock price is buoyed by the free publicity the campaign has generated for Nike. As of Sept. 6, Apex Marketing Group reported the buzz was worth more than $163 million. – Bloomberg

    13 Sep '18 at 9:03 pm #18147
    ThePitBoss
    Participant

    Nike shares hit all-time high, going back to its IPO in 1980.

    Market Summary > Nike Inc
    NYSE: NKE
    83.21 USD +0.21 (0.25%)
    Sep 13, 1:02 PM EDT ·

    Open 83.21
    High 83.90
    Low 83.13
    Mkt cap 133.18B
    P/E ratio 34.56

    22 Sep '18 at 4:26 am #18275
    ThePitBoss
    Participant

    Nike Inc. $NKE reiterated Overweight and target price raised to $100 from $85 at Barclays.

    NYSE: NKE · September 21, 2018 Close
    85.55 ▲ 0.18 (0.21%)

    Open 86.00
    P/E 72.99
    High 86.04
    52wk High 86.04
    Low 85.01
    52wk Low 50.35
    Mkt Cap
    136.83 B

    23 Sep '18 at 3:45 am #18283
    ThePitBoss
    Participant

    Nike shows there is nothing like a little short squeeze, controversy to fuel a rally. $NKE is the Dow’s best performing stock for the year to date with shares up almost 2.5% last week with another all-time high on Friday. For 2018, the stock is up a huge 36.8% and helped get the DJIA to an ATH this week.

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