Since reporting Q1 earnings last week, Nike Inc NKE 1.43% shares are up 4.6 percent. Baird analyst Jonathan Komp is among those impressed by Nike’s quarter.
8 Things
In a new report, Komp outlined his take on eight important Nike topics following earnings:
- Consensus fiscal 2017 earnings forecasts, which have fallen to $2.40, are in line with Baird’s outlook.
- Global futures at FQ4-end of +11 percent were not significantly front- or back-weighted, a positive sign of stability.
- Management seems satisfied with +6 percent North American futures.
- Nike seems to be tightening its Always Available business.
- DTC strength reflects strong demand balance between brick and mortar sales and online sales.
- Nike’s innovation pipeline is encouraging.
- Moderation in Western European futures reflect Euro Championship timing and Brexit-related impacts are already reflected in the company’s guidance.
- North American inventory clearing was…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
