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,...
7 years ago0122When news broke that Amazon had bought Whole Foods last week, grocery store stocks took a kick in the gut. Now, it's happening all over again -- but in a different industry.
On Tuesday, Amazon announced its newest store -- Prime Wardrobe, and apparel retail stocks have taken a nosedive.
With Prime Wardrobe, Amazon aims to simplify...