Nomura analyst Simeon Siegel identified three brands the firm thinks provide the best opportunity in retail for the remainder of the year.» Read More
Wall Street was poised to open slightly higher on the last day of trading of the week before the Easter break, as investors hoped for a little breather.
Dollar rallying again today, up 1.7 percent since the close on Monday. The bold analyst call of the day (week, month, year?) goes to Punk Ziegel's Richard Bove, who last night titled his piece, "The Financial Crisis is Over," calling the Bear Stearns sale the watershed event, and concluded by saying "this is a once in a generation opportunity" to buy financial stocks.
Plunging commodities combined with weakness in energy and basic materials dragged down the Dow as well as the broader stock market. What's the word on the Street?
Stocks declined Wednesday amid profit-taking from the prior session's rally, a sharp drop in crude prices and lingering concerns about credit.
Nike delivered great earnings after the bell Wednesday. Can FedEx join Nike and dodge the bullets of higher fuel costs and a weakening U.S. economy?
Nike, the world's largest maker of athletic footwear and apparel, reported a third-quarter profit that easily beat expectations, helped by strong international sales of shoes and clothing buoyed by a weak dollar.
Enough with the brokerage earnings. This afternoon, Nike tells us how the sporting goods biz is doing.
Nike is hoping global growth will power earnings as domestic sales go swoosh. Here’s how to play the stock ahead of its report Wednesday.
In Friday’s Web Extra the traders reveal their best plays for the week ahead. See what they have to say about crude oil, Fedex, GameStop and Nike.
So let's say you're a 14-year-old kid. And you want to be the next LaDainian Tomlinson. So you start to look into how he trains. You notice that LaDainian is part of Nike's new SPARQ training campaign. Then you're doing some research online and you find out that Todd Durkin, Tomlinson's trainer, has a web site and his web site is sponsored by Under Armour.
I've been so engrossed in the Minor League Baseball logo contest that I haven't filled you in on everything else that's going on in the sports business world. Here are a couple of notes worthy of mentioning.
The consumer discretionary sector has taken a beating recently, but a couple of top market professionals think it may be time for investors to move into the sector.
This is the post of the live blog I did today on the Apple iPhone event at Apple headquarters in Cupertino, California. Please enjoy reading it the first time or again if you were with me earlier today. It reads from my last posting at the top to the very first at the bottom of the page.
Thirty years ago, Pony was on fire. The brand, founded in 1972, was on the feet of Pele, Muhammad Ali, George Foreman and Reggie Jackson, among others. But as Nike, adidas and Reebok rose up, Pony fell behind the times and for decades has been bought out over and over and over again, with revivals failing every time.
Adidas's fourth-quarter net income rose sharply but was below analysts' expectations after sales at its Reebok brand fell and North America remained weak.
I like to think that we inspire some good debates on this blog. Sometimes I think I know what I'm talking about, like how well Will Ferrell's "Semi Pro" is going to do, and you show in the poll that plenty of you thought the movie would pull in less than $100 million gross. With the movie's measly take on opening weekend, look who's laughing now.
Amid a wave of mixed economic signals, CNBC asked the pros where they would invest.
There's plenty of negative economic news out there, but that doesn't discourage David Spika. The vice president and investment strategist at WHG Funds favors judicious buying by well-informed investors.
It was 31 months ago that adidas bought Reebok for $3.8 billion. What adidas was essentially doing was buying the U.S. market that had always challenged them. Reebok had a 20 percent share of that market and the combination of the two would lead, presumably, to a legitimate fight with Nike.
So we've just learned that Electronic Arts made a $2 billion bid to take over Take-Two last Tuesday. EA went public with the news Sunday after Take Two's board denied the deal. The notion of such a deal probably makes sports gamers cringe, much in the same way that trading card buffs feared Upper Deck's attempts at buying Topps last year