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$NKE just doing it to $88.50 from $72 after drastic drop off $98NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes. Invest smart, invest hard. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out. NYSE:NKE
NYSE:NKELong
by St0ckWr4ngl3r
1
$Nke 85c aug 9 exp OLYMPIC PUMP Nike saw a slash in price from $94- $74 after a drop in annual sales. After this drop we saw a consolidation at $74.79s and a bottom was formed. We do need to clean break above $77 to bring in more volume 76.76- 77.47 is our volume box. I believe in Nike. IT is a staple of American Sports and athletic apparel. I am looking to buy $85-$87 calls for Early Aug exp. I will roll these calls for the duration of the 2024 Olympic games. We may not fill the entire $20 gap but 50% at $85 is very achievable. Nike is still listed as a sell on TV indicators but we will be early to the breakout and nicely rewarded. Patience. Discipline. Consistency. This is not financial advice and please do your own due diligence and research prior to entering. Current Price $75.47 Target Price $85.50 #Nke
NYSE:NKELong
by chestephens1
Nike’s Troubles Could Persist After Poor Results & Stock SlumpLess than a year after posting its longest losing streak on record, Nike’s stock registered its worst day ever, erasing nearly $20 on Friday. The collapse came after the sportswear giant reported poor Q4 FY2024 results and offered disappointing guidance. Revenues shrank 2% y/y, the most in four years, with executives expecting a stepper decline of 10% in the current quarter. But the bad news stop there, as they also reversed their full FY25 outlook, now seeing a mid-single digits drop. The firm faces increased competition from startups like On running, while Adidas seems to be regaining its stride. Nike’s direct-to-consumer pursuit gave way to competitors and proved to be a mistake. Sales in Greater China grew in the reported quarter, but the was mainly due to the 6.18 promotional festival and this critical region remains a source of uncertainty. At the same time the external environment remains unfriendly for discretionary goods, as US inflation lingers, borrowing costs remains high, the excess pandemic savings that supported spending are now gone and credit card delinquencies are rising. The Consumer Discretionary SPDR ETF (XLY) gains less than 5% YTD as the S&P500 soars, but over performs compared to Nike’s nearly 30% YTD losses. It is clear that Nike’s problems are likely to persist and continue to weigh on the stock. Friday’s historic plunge exposes NKE to the 2020 lows (60.00). On the other hand, Nike’s leadership has been taking action to mitigate the issues. It is putting emphasis back on third party vendors, sales through which increased in the last quarter. It is cutting costs, which helped its gross margins and net income to widen in Q4FY24. Nike is also refocusing on innovation, which could help it regain its edge over rivals. The two major sporting events of the summer, the Euro 2024 football championship and the Paris Olympics, can help it regain its appeal. The turnaround efforts create optimism for the future, but they will take time and the next few quarters are likely not going to be easy. Technically the drop of NKE is stretched and a rebound would be reasonable. However daily closes above the EMA200 (black line) would be needed for the bearish momentum to pause and that does not look easy under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
NYSE:NKEShort
by FXCM
NIKE - A No Brainer! Following on from our last analysis of Nike, we are down a further 20%! As explained in the last analysis, Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The chance of it going bust is incredibly low. Any dips should be considered a buying opportunity. We are fast approaching the pandemic lows, which is our initial area of interest. Anything below the pandemic levels will provide us an even bigger opportunity to buy! For confirmation that we've reversed, we can wait for the break of the red trendline. Alternatively, we can slowly build our positions as we move lower. The move up is inevitable. It's just a question of when! Goodluck and as always, trade safe!
NYSE:NKE
by WicktatorFX
1
NKE Leap Call / Long Term BuyNike is setting up for a long-term buy / leap call opportunity. The Jeanius Indicator/Screener gave the following reasons why: Price fell through two untested lows, taking out sell-side liquidity. The indicator shows how much volume came from and how far price ran up from these lows. NYSE:NKE is also testing a 3M uptrend line from the low of 2017 through the low of 2020. The brilliant Jeanius Indicator printed "Combo" labels on the chart when this specific combination of multiple confluences has occurred in history!!
NYSE:NKELong
by jeanius_tech
NIKE 100 AFTER EARNINGS ? Nike’s stock has the potential to reach $100 after earnings due to several key factors highlighted in recent financial reports and analyses: BY CAFE CITY STUDIO 2024 Earnings and Revenue Beats: Nike’s fiscal Q2 results showed a 17% year-over-year growth in sales, surpassing Wall Street’s expectations. This positive performance, along with earnings per share (EPS) that edged up 2%, has been a significant catalyst for the stock’s rise. Raised Full-Year Revenue Guidance: Management’s decision to raise the full-year revenue guidance reflects confidence in Nike’s financial outlook and can be a strong indicator for investors, signaling potential growth and stability. Cost Reductions and Margin Improvements: Nike executives have mentioned that product costs are expected to fall in the second half of the year, along with a more favorable foreign-exchange environment, which could lead to improved margins. Strategic Business Adjustments: Nike is adapting its sales strategy by planning for near-term sales declines at major partners like Foot Locker. This recalibration aims to reduce dependence on third-party retailers and increase direct sales, which could enhance profitability. Market Position and Brand Strength: Despite stiff competition and weaker demand, Nike’s enduring brand appeal and shift towards more casual gear position it well to capitalize on market trends. Innovative Product Offerings: Nike’s focus on serving specific consumer segments, such as women and everyday runners, and expanding into fast-growing segments like trail running, demonstrates its commitment to innovation and market expansion.
NYSE:NKELong
by NYRUNSGLOBAL
Soaring Sales of Hoka & Ugg Shoes Send Deckers to a Record HighsDeckers Outdoor's stock ( NYSE:DECK ) surged 13.56% to reach $1,000 for the first time in Q4, driven by the popularity of Ugg boots and Hoka sneakers among Americans. The company's stock has been up 35% this year, after rising 67% in 2023. In contrast, Nike has dropped 15% this year. Deckers Outdoor's stock is expected to remain bullish as it shows it can maintain a high EPS growth rate. Hoka's net sales jumped 34% in Q4, contributing nearly 56% to Deckers' revenue, while UGG sales were up 14.9%. UGG accounted for nearly 38% of Deckers' overall sales. These strong sales figures have prompted at least 14 analysts to raise their price targets on the stock. Deckers Outdoor ( NYSE:DECK ) reported fiscal 2024 fourth-quarter sales and profit that surpassed analysts' estimates, with earnings per share (EPS) of $4.95, more than $2 above analysts' estimates compiled by Visible Alpha. Revenue increased 21% from a year ago to $959.8 million, also above forecasts. Sales were up 19% to $647.7 million domestically and 25% to $312 million internationally. Direct-To-Consumer (DTC) sales gained 21% to $415.2 million, and wholesale sales climbed 21% to $544.6 million. CEO Dave Powers said Hoka and Ugg "remain two of the most admired and well-positioned brands in the marketplace." Deckers anticipates full-year EPS for fiscal 2025 of $29.50 to $30, up from $29.16 in fiscal 2024. Technical Outlook Deckers Outdoor ( NYSE:DECK ) stock is up 13.41% as of the time of writing. The stock is overbought trading with a Relative Strength Index (RSI) of 76.94. The stock formed an upside gapping which is a strong Bullish reversal pattern.
NYSE:DECKLong
by DEXWireNews
NIKE - Just Buy It!Nike tends to have corrective phases every now and then. We are now seeing one of the biggest corrections to date. We could be correcting in excess of 50% which would put us in a great position to buy Nike for the longer term. Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. In other words, its very unlikely that Nike will go bust and so any dips should be seen as a buying opportunity. Our first point of interest is the structure level at 80. Ideally we break below that in accordance Elliott Wave Theory. We want to see wave C go below wave B. Our ideal buy zone is the 60 level where we have the -27 fib extension. Once we come towards that region, we'll be looking for any bullish price action indicating a reversal and the start of the next massive bullish leg. If we go even lower than 60, then it's more of a reason to buy and load up! We're looking for targets of atleast 200% as first targets. This trade is one to hold for the long term. What do you guys think? Goodluck and as always, trade safe@
NYSE:NKE
by WicktatorFX
2
NKE I AM BULLISH !!!!! even after earnings... Very good opportunity on NYSE:NKE , long term, over 6 to 12 months... we're almost filling the gap, within $3... I had already bought some at $100, I'll add a bit more today... good luck to everyone... It's not gambling... They pay a dividend, China is back, ... interesting growth potential... Earnings are forecast to grow 11.04% per year Correction: I've just been informed that some purchases will be made next week... not today... NYSE:NKE
NYSE:NKELong
by Maximus20000
2
Nike Faces Stock Tumble Despite Earnings Triumph 📉Nike ( NYSE:NKE ), the athletic apparel powerhouse, saw its shares take a hit in after-hours trading despite outperforming expectations in its third-quarter fiscal 2024 earnings report. While the company reported robust revenue and profit figures, it issued a cautious outlook for the first half of fiscal 2025, sending ripples through the investor community. The Numbers: Nike's third-quarter revenue climbed to $12.43 billion, surpassing analysts' projections, accompanied by an earnings per share of 77 cents. However, the elation was short-lived as the company forewarned of a low single-digit decline in revenue for the first half of fiscal 2025. Reasons Behind the Decline: Chief Financial Officer Matthew Friend attributed the anticipated revenue dip to the company's strategic shift in its product portfolio towards innovation. This pivot, while essential for long-term growth, poses short-term challenges, particularly amidst a subdued economic landscape globally. Global Market Dynamics: Nike's performance across different regions depicted a mixed picture. While revenue in Greater China showed a modest increase, the EMEA segment witnessed a decline, reflecting the complexities of navigating diverse market conditions. Olympic Hopes: With the upcoming Summer Olympic Games on the horizon, Nike is banking on several product launches and marketing endeavors to captivate consumers. The event presents a pivotal opportunity for the brand to showcase its latest innovations and amplify its brand storytelling. Strategic Adjustments: Nike ( NYSE:NKE ) is taking proactive measures to align its product offerings with evolving consumer preferences. This includes reducing the supply of classic footwear models in favor of newer, innovative products that resonate better with modern consumers. Investor Reaction: Despite the positive earnings report, Nike's stock experienced a significant drop in after-hours trading, signaling investor concerns about the company's near-term revenue outlook. The stock plummeted to its lowest levels since last October, reflecting the apprehension in the market. Outlook: Nike navigates through short-term headwinds, its focus remains on driving innovation and capturing market opportunities. The success of its strategic initiatives, coupled with the buzz surrounding the Summer Olympics, will be closely monitored by investors in the coming months. In conclusion, while Nike's earnings beat underscores its fundamental strength, the stock's post-earnings dip underscores the challenges ahead as the company charts its course in a dynamic marketplace.
NYSE:NKELong
by DEXWireNews
1
NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1. If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1. Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024
NYSE:NKE
by NYRUNSGLOBAL
Foot Locker Faces Investor Skepticism as Profit Outlook DipsFoot Locker ( NYSE:FL ) finds itself in the spotlight as shares plummet by approximately 29% following the retailer's announcement of a profit outlook below Wall Street expectations for 2024. The dramatic drop in share price reflects investor concerns over the company's planned investments aimed at bolstering demand, which are projected to weigh on profit margins in the near term. Despite a solid holiday quarter, Foot Locker's ( NYSE:FL ) decision to ramp up investments across its business has cast doubt on the timeline for achieving its long-term profit margin targets. Disappointingly, the retailer now anticipates reaching its margin goals two years later than previously expected, further dampening investor sentiment and dashing hopes of a swift recovery in profitability. Foot Locker's ( NYSE:FL ) "Lace Up" strategy, initiated in March last year, has yielded some positive results, notably in improving the digital business and driving full-price sales. However, the need to clear out excess inventory through markdowns has placed additional strain on profit margins, exacerbating the impact of planned investments on the bottom line. Chief Financial Officer Mike Baughn's announcement of another year of significant investment in 2024, coupled with the decision to forgo resuming dividends, underscores the company's commitment to long-term growth initiatives. However, the prospect of lower discounts and ongoing margin pressure in the first quarter poses challenges in managing consumer expectations and sustaining demand. Analysts, including Zachary Warring from CFRA Research, have expressed skepticism about Foot Locker's ability to deliver consistent top and bottom-line growth in the evolving retail landscape. Warring's downgrade of the stock's rating to "strong sell" highlights the prevailing concerns among investors regarding the company's strategic direction and execution capabilities. Despite these challenges, Foot Locker ( NYSE:FL ) remains optimistic about the resilience of sneaker demand, fueled by steady interest in popular brands like Nike, Adidas, and New Balance. Projections for full-year same-store sales growth above market estimates signal potential opportunities for the retailer to capitalize on consumer preferences and drive revenue growth amidst a challenging operating environment. As Foot Locker ( NYSE:FL ) navigates the complexities of the retail landscape and charts a course towards sustainable profitability, investor confidence hangs in the balance. The company's ability to effectively execute its growth strategy and adapt to changing consumer dynamics will be critical in shaping its future trajectory and regaining investor trust in the long run.
NYSE:FLShort
by DEXWireNews
Box Store Giants: Macro Fib SchematicsWalmart, Costco, Target, CVS, Home Depot, and Walgreens are the largest box store giants in the market. Proctor and Gamble along with Nike are in here because they are both also mega corporations and since P&G has so many products in these stores. Nike is also a staple in these stores but Proctor and Gamble especially belongs here. These Fibonacci Schematics are extremely clean and probably the best looking structure I have ever seen. This is an excellent example of market mechanics working through Fib Schematics. If we were to talk about what we see here 2/27/24 then we see.... - Walmart at a couple resistances. - P&G launching off massive Fib Cluster support. - Costco testing the waters above and getting ready to jump into next levels. - Home Depot testing its midpoint from its high with a massive front run from the Thick Orange Fib Line after the actual rejection at the high. This means we are set to launch through the high at 420. - Target barely rejected the high (FRONTRUN) and found reasonable support on the same supports it FRONTRAN. Target is poised to go crazy high. - Nike looks like it can do anything. - CVS also looks like it can do anything but looks more bearish tbh.
NASDAQ:WBA
by MichaelBsul
Nike is Laying Off About 1,700 WorkersIn a bid to weather the turbulent economic storms ahead, sportswear giant Nike Inc. ($NIKE) has announced significant cost-cutting measures, including the layoff of approximately 1,700 employees, representing about 2% of its workforce. This move comes as part of a broader initiative aimed at slashing costs by as much as $2 billion, reflecting the company's proactive stance in the face of shifting consumer behaviors and intensifying competition. The decision, outlined in a recent statement by a Nike ($NIKE) spokesperson, underscores the company's commitment to optimizing its operations and capitalizing on its most promising growth opportunities. With consumer preferences evolving towards more essential purchases and experiential spending, Nike finds itself confronting a landscape where traditional discretionary purchases, such as high-end sneakers and athletic wear, are facing increasing scrutiny. Compounding these challenges are the emergence of disruptive upstart brands like Hoka and On Cloud, which have been steadily encroaching on Nike's market share. This heightened competition underscores the imperative for Nike to not only streamline its operations but also to innovate and differentiate itself in a crowded marketplace. However, the headwinds facing Nike ($NIKE) extend beyond shifting consumer trends and increased competition. Global economic uncertainties, particularly in key markets like China and Europe, have further complicated the company's outlook. Concerns over subdued consumer spending, exacerbated by macroeconomic factors and geopolitical tensions, have cast a shadow over Nike's growth prospects in these regions. In China, the world's second-largest economy, a confluence of challenges ranging from a real estate downturn to weaker exports has dampened consumer sentiment, posing significant hurdles for Nike's ($NIKE) expansion efforts. Similarly, Europe's economic woes, punctuated by stagnant growth and the specter of recession, have added to the company's woes, with Germany, the region's economic powerhouse, experiencing its first contraction since the onset of the Covid-19 pandemic. Against this backdrop, Nike ($NIKE) finds itself at a critical juncture, where adaptability and resilience are paramount. By undertaking proactive cost-cutting measures and recalibrating its strategic priorities, the company aims to navigate these turbulent waters and emerge stronger in the long run. However, success will hinge not only on internal restructuring but also on Nike's ability to innovate, engage consumers, and effectively respond to evolving market dynamics. In conclusion, Nike's ($NIKE) decision to implement workforce reductions and embark on a cost-saving initiative reflects its proactive stance in the face of economic headwinds and industry challenges. As the company charts its course forward, it must remain vigilant, agile, and customer-centric to maintain its competitive edge and sustain growth in an increasingly complex global landscape.
NYSE:NKE
by DEXWireNews