7 years ago067
Global fund managers cut U.S. stock market allocation to a more than 9-year low.
The managers see Nasdaq as the most crowded trade in the world.
Tech has been the largest overweight 80 percent of the time since 2008, but the managers reduced it to second largest in June.
Fund managers see Nasdaq stocks as the most crowded...
7 years ago061
Raymond James is bullish on Nike's recent moves to sell on social media and e-commerce platforms.
The firm initiates coverage on the company with an outperform rating and a price target of $71, representing 23 percent upside from Wednesday's close.
Raymond James made Nike its "top pick" in the consumer sector...
7 years ago045
Nike's fourth-quarter earnings and sales came in above Wall Street's expectations, sending the stock higher after hours on Thursday.
Nike said its international geographies and its direct-to-consumer businesses fueled sales growth in the latest quarter and for the full year.
Nike also saw strong growth in its Jordan brand,...