5.25k followers • 11 symbols Watchlist by Yahoo Finance
This basket consists of stocks gaining popularity from health and wellness.
Lululemon Athletica Inc.
Under Armour, Inc.
Herbalife Nutrition Ltd.
Foot Locker, Inc.
Dick's Sporting Goods, Inc.
GNC Holdings, Inc.
A 281.07 buy point is still in play for the leading diabetes stock
Nike Inc's (NYSE: NKE) 10-Q filing revealed that 95% of company-owned and partner stores have reopen in China and the company experienced an increase in retail traffic on a week-over-week basis in early April, according to BofA Securities.The Analyst Robert Ohmes maintained a Buy rating for Nike, reducing the price target from $95 to $90.The Thesis Nike is witnessing impressive momentum despite the COVID-19 headwinds, Ohmes said in note.The company's fiscal third-quarter revenues from Greater China declined 4%, due to a 5% downturn in wholesale sales amid the COVID-19 outbreak. Ohmes said that although Nike's direct-to-consumer sales declined 3%, this was partially offset by 32% growth in digital.Nike's revenues from North America grew 4%, with a 1% decline in wholesale sales which was offset by 15% growth in direct-to-consumer sales, driven by 33% growth in digital sales and a 6% increase in same-store sales.Ohmes expects the company's North America revenues to decline by 46% in the fiscal fourth quarter, given the ongoing company-owned and partner store closures due to the coronavirus crisis. This is likely to be partially offset by strong growth in digital."We believe NKE is the key brand that wholesale customers will shift orders to in times of distress. NKE also has the most dynamic sourcing capabilities compared to other athletic brands," Ohmes wrote in the note.Price Action Shares of Nike had risen 1.3% to $86.39 at time of publication.Related Links:Is The Coronavirus An 'Existential Threat' For Retailers?Tony Zhang's Nike TradeLatest Ratings for NKE DateFirmActionFromTo Mar 2020Wells FargoUpgradesEqual-WeightOverweight Mar 2020Morgan StanleyMaintainsOverweight Mar 2020Raymond JamesMaintainsOutperform View More Analyst Ratings for NKE View the Latest Analyst Ratings See more from Benzinga * Credit Suisse Looks Ahead To Recovery In Mining, Issues 2 Upgrades * Wayfair A Beneficiary Of At-Home Trend, BofA Says In Upgrade * UBS Upgrades Walgreens Boots Alliance, Says Valuation Reflects Heightened Near-Term Risks(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The coronavirus market rally had a strong day, but growth stocks are lagging and breakouts lacking. Costco fell late on March sales. Apple, Amazon, Microsoft, Dexcom and Nvidia are in focus.
Ulta Beauty, Lululemon Athletica and Abercrombie & Fitch are some of the retailers that analysts say will bounce back from the coronavirus pandemic.
Even as teens worry about the coronavirus, they are still lusting after apparel brands like Lululemon and Nike, according to a new survey.
Looking into the current session, Herbalife Nutrition Inc. (NYSE: HLF) shares are trading at $30.58, after a 2.51% rise. Moreover, over the past month, the stock spiked by 4.33%, but in the past year, decreased by 42.16%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently up from its 52 week low by 47.52%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Packaged Foods stocks, and capitalize on the lower share price observed over the year. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.Herbalife has a lower P/E than the aggregate P/E of 73.2 of the packaged foods industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may be unable to attain key insights from trailing earnings.See more from Benzinga * Afternoon Market Stats in 5 Minutes * Recap: MSC Industrial Direct Co Q2 Earnings * Recap: RPM International Q3 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Refinitiv Reporting Analyst Jharonne M. Martis joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the retail sector is weathering the coronavirus outbreak.
Dow Jones futures: The coronavirus stock market rally reversed lower, hitting bullish moves from Microsoft, Nvidia, Vertex and more. Here's a test to avoid being burned at the open.
Dick's Sporting Goods Inc. disclosed Wednesday that it will be furloughing a "significant number" of employees who work at its retail stores, distribution centers and its corporate headquarters starting April 12. The sporting goods retailer said the furloughs are a result of uncertainty surrounding the duration of the store closures given the COVID-19 pandemic. Dick's said it will continue to provide benefits to furloughed employees. Other actions previously taken include suspending share repurchases, cutting capital expenditures and reducing salaries of executives, senior leadership and certain other employees. The stock, which is still inactive in premarket trading, has tumbled 51.8% year to date, while the S&P 500 has lost 17.7%.
Nike is testing key levels as the market rebounds, but is the Dow Jones athletic apparel giant a good buy right now? Here's what its earnings and chart say.
Online orders for fitness equipment such as kettlebells, dumbbells and treadmills saw a 55% boost in the week spanning March 11–15 compared to the 10 days before, according to Adobe Analytics’ new Digital Economy Index released on Tuesday. March downloads of the Peloton app — which offers yoga and body strength classes if you don’t have the $2,000-plus stationary bike — are five times higher than February’s, according to data from Sensor Tower.
The latest U.S. government data shows the retail industry lost 46,200 jobs in March to furloughs and layoffs, but the cuts will be much deeper as the crisis wears on, research from the National Retail Federation shows.
Yahoo Finance talks with Levi's CEO Chip Bergh about the company's latest earnings and the future of retail following the coronavirus outbreak.
While several commercial-scale PPE efforts have launched in recent days. Nike's is among the most promising because the company has significant access to materials.
This regulatory clearance is expected to bolster Merit Medical Systems' (MMSI) cardiovascular segment.
Companies In The News Are: DIS, UAA, CMI, F.
JPMorgan, Wells Fargo, FedEx, Nike and Costco are part of Zacks Earnings Preview
Under Armour (UAA) decides to lay off teammates and temporarily cut salary to combat challenges stemming from the pandemic. Also, its restructuring plan is approved.
Both retailers have closed stores in response to the coronavirus pandemic, but that hasn’t stopped insiders from buying up their beaten-down shares.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]