Some of the names on the move ahead of the open.» Read More
After hours the traders poured over Nike earnings, looking for insights into Wednesday’s market action as well as trading opportunities.
What follows is a roundup of corporate earnings reports for Tuesday, Sept. 29.
"About five or six years ago, I got together with my team, and we started our own marketing company, and decided to tweak some things. Go in a different direction a little bit, and a lot of patience and perseverance and working with brilliant people, and here we are," Kobe Bryant tells me in an exclusive interview.
Stocks pushed higher Tuesday but investors were tentative after Monday's M&A-inspired rally.
There's little doubt that Los Angeles Lakers guard Kobe Bryant is the hottest marketing commodity in the NBA. Just look at jersey sales as a metric - his No. 24 is the top NBA jersey across the world. That's one of the reasons why Panini, the trading card company that surprised the collecting world by scoring the exclusive deal with the NBA in January, signed the four-time world champion and reigning NBA Finals MVP to a multi-year deal.
Futures indicated a very slight negative open for Wall Street on Tuesday as trade remained subdued after Monday's M&A-inspired rally.
Wall Street will quickly shift its focus to corporate earnings news once the books are closed on the third quarter this week.
How are traders gaming Nike ahead of earnings on Tuesday after the bell?
Nike is scheduled to report earnings for its fiscal first quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period.
How should you put money to work in the wake of this uptick in M&A?
October could bring some rock and roll back to the stock market. "It's been a good run so far, so we should expect some kind of turbulence," said J.P. Morgan chief equities strategist Thomas Lee.
Everything depends on the Oct. 2 number, Cramer says. But there are a few other reports worth watching, too.
The traders are closely watching action in Goldman Sachs after the financial bellwether rolled over and broke below $180.
The early read on Serena Williams' marketability following her outburst in the U.S. Open final was that she wouldn't be hurt in the endorsement world. None of her sponsors - Nike, Gatorade and Kraft - dropped her and one endorsement, signed before the Open, was even announced in the days after she was criticized for her behavior.
Measured training programs have become a nice cottage industry for the youth sports business. We’ve been impressed with SPARQ, which Nike aligned with, and the skill tests that they’ve done across the country in a variety of sports. Under Armour has done similar combines, well aware of the great branding opportunity that comes with grassroots training complete with athlete scoring.
There’s been much talk about the first billion dollar athlete. Tiger Woods is supposedly on track to reach $1 billion next year, though his agent Mark Steinberg told us he doesn’t keep an official tally anywhere. And many mention LeBron James as the guy who is most likely to follow Woods.
Five years ago, ESPN dispatched me to Lexington, Ky., to see this 15-year-old tennis prodigy named Donald Young, the kid who no one could beat. Today, five years and three weeks later, I'm among the throng of reporters at the US Open, most writing the "Death of A Prodigy" story.
Last week, I went to interview Andy Murray - now the No. 2 ranked men's tennis player in the world. The topic was Fred Perry, the British clothing brand that sponsors him...After we got through with the business, I challenged Murray to get on the court with me.
This morning, I stopped by a regulation tennis court set up in Manhattan by Nike and talked with Roger Federer about his lack of sweat while playing, his outfits and the health of the game.
When James Blake takes the court at the US Open in a couple weeks, he’ll be wearing his new Fila line. But unlike any athlete before him, the logo doesn’t spell out his initials or show a symbolic silhouette.