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Fly News Breaks for June 22, 2017
AMZN, NKE, FL
Jun 22, 2017 | 07:38 EDT
Canaccord analyst Camilo Lyon said Nike (NKE) remains a key partner of Foot Locker (FL) and gave five reasons why the former's partnership with Amazon (AMZN) would not hurt them. He said Foot Locker helps commercialize Nike's innovations; more than 60% of its customers pay in cash and are less likely to use Amazon; the company has created a thriving environment for sneaker culture that intersects with local communities; the assortment on Amazon would be more mainstream, posing a bigger threat to department stores; and Foot Locker could reduce orders and shift purchases to other brands. Lyon reiterated his Buy rating and $75 price target on Foot Locker shares.
News For FL;NKE;AMZN From the Last 2 Days
AMZN
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
NKE, FL
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
AMZN
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AMZN
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.
NKE
Mar 28, 2024 | 07:29 EDT
SharkNinja (SN) announced that Patraic Reagan has been named Chief Financial Officer, effective April 22...Reagan will oversee SharkNinja's financial strategies and lead the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, internal audit, and investor relations. Larry Flynn, who served as Interim Chief Financial Officer since June 2023, will continue in his role as Chief Accounting Officer. Reagan joins SharkNinja with over two decades of relevant experience. Most recently, Mr. Reagan served as the Chief Financial Officer of Nike's (NKE) Asia, Pacific, and Latin America segment, where he helped drive consecutive years of strong revenue growth, and EBIT expansion that outpaced revenue while accelerating investment in key areas. Over his 13-year career with Nike, Mr. Reagan also served as the Global VP of Business Planning and was the CFO of Nike's Direct-to-Consumer business in EMEA. Prior to Nike, Mr. Reagan held financial positions of increasing responsibility at roles with with Coach (now Tapestry TPR), Polo Ralph Lauren Corporation, Kraft Foods and Chiquita Brands International. .
AMZN
Mar 27, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AMZN
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
AMZN
Mar 27, 2024 | 15:10 EDT
"Amazon expects to save roughly $1.3 billion in coming years by radically reducing office vacancies, according to a person familiar with the matter," reports Business Insider ...Reference Link
NKE
Mar 27, 2024 | 13:03 EDT
Morgan Stanley lowered the firm's price target on Nike to $116 from $124 and keeps an Overweight rating on the shares. Following Nike's Q3 earnings report, the firm reduced its Q4 topline and profitability forecasts based on weaker Q4 sales gross margin guidance than previously assumed. The firm now projects 80c EPS, versus the implied guidance of about 77c-78c and the firm's prior 91c forecast.
AMZN
Mar 27, 2024 | 12:54 EDT
Amazon stated: "The work Amazon and Anthropic are doing together to bring the most advanced generative artificial intelligence, or generative AI, technologies to customers worldwide is only beginning. As part of a strategic collaborative agreement, we and Anthropic announced that Anthropic is using Amazon Web Services - AWS - as its primary cloud provider for mission critical workloads, including safety research and future foundation model development. Anthropic will use AWS Trainium and Inferentia chips to build, train, and deploy its future models and has made a long-term commitment to provide AWS customers around the world with access to future generations of its foundation models on Amazon Bedrock, AWS's fully managed service that provides secure, easy access to the industry's widest choice of high-performing, fully managed foundation models, along with the most compelling set of features - including best-in-class retrieval augmented generation, guardrails, model evaluation, and AI-powered agents - that help customers build highly-capable, cost-effective, low latency generative AI applications... Deepening our commitment to advancing generative AI, today we have an update on the announcement we made to invest up to $4 billion in Anthropic for a minority ownership position in the company. Last September, we made an initial investment of $1.25 billion. Today, we made our additional $2.75 billion investment, bringing our total investment in Anthropic to $4 billion." Reference Link
AMZN
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here