Nomura analyst Simeon Siegel identified three brands the firm thinks provide the best opportunity in retail for the remainder of the year.» Read More
HERZOGENAURACH, Germany, Sept 28- Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. rival Nike, but persuading them to move to its headquarters in rural Germany is difficult.
The rise of the modern sports industry could be the reason why many pro athletes find themselves in financial turmoil.
Stocks rose sharply on Friday, rebounding after Wall Street's hardest knock in nearly two months.
*Indexes up: Dow 1 pct, S&P 0.9 pct, Nasdaq 1 pct. NEW YORK, Sept 26- U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines and major indexes closed out their worst week of the past eight.
Kate McShane of Citigroup, breaks down Nike's better-than-expected Q1 earnings. McShane says gross margins really contributed to the results this quarter.
NEW YORK, Sept 26- U.S. stocks were higher in afternoon trading on Friday, with major indexes staging a rebound from their biggest drop since July on the back of data showing the economy expanded in the second quarter.
Sept 26- Nike Inc's shares rose as much as 11 percent to a record high after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting at least 13 brokerages to raise their price targets on its stock.
NEW YORK, Sept 26- U.S. stocks were higher approaching the midpoint of the session on Friday, with major indexes staging a modest bounce back from their biggest drop since July, after data showed the economy grew at its fastest pace in more than two years.
Take a look at some of Friday's midday movers: Apple, RadioShack, Shutterfly & more
Sept 26- Nike Inc's shares rose as much as 11 percent to a record high on Friday after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting brokerages to raise their price targets on its stock.
After Nike's strong earnings and global future order forecasts, Sam Poser, Sterne Agee senior research analyst, credits the company's drive.
CNBC's Jim Cramer breaks down Nike's better-than-expected quarterly earnings. Cramer says this stock was the layup short of all time and CEO Mark Parker is a great competitor.
NEW YORK, Sept 26- U.S. stock index futures were pointing towards a flat open on Friday after major indexes suffered their biggest drop since July, and data showed the economy grew at its fastest pace in more than two years.
Companies making headlines before the bell Friday:
NEW YORK, Sept 26- U.S.-listed shares of Blackberry Ltd were leading premarket actives on the Nasdaq Friday after the company posted quarterly results. On the New York Stock Exchange, Nike shares were surging, up 7.41 percent to $85.66, after the world's largest sportswear maker reported a better-than-expected quarterly profit.
NEW YORK, Sept 26- U.S. stock index futures were inching higher on Friday after major indexes suffered their biggest drop since July, ahead of data on economic growth and consumer optimism. *Later in the session at 9:55 a.m., investors will eye the Thomson Reuters/ University of Michigan's final September reading on consumer sentiment.
Paul Swinand, Morningstar, runs through Nike's quarterly numbers as competition in athletic apparel heats up.
The "Fast Money" traders take their positions in Nike shares after the company's strong Q1 beat.
Dana Telsey, Telsey Advisory Group CEO, says Nike is the dominant player in active wear.
Nike reported strong first quarter earnings. CNBC's Dominic Chu reports women's lines are growing faster than men's and the company's CEO Mark Parker sees great potential there.