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NKE

Nike

$53.79

0.73 (1.38%)

12:55
10/23/17
10/23
12:55
10/23/17
12:55

Nike put volume heavy and directionally bearish

Bearish flow noted in Nike with 23,379 puts trading, or 1.7x expected. Most active are 10/27 weekly 53.5 puts and Jan-18 52.5 puts, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 1.92, while ATM IV is up over 1 point on the day. Earnings are expected on December 19th.

  • 25

    Oct

NKE Nike
$53.79

0.73 (1.38%)

10/16/17
COWN
10/16/17
NO CHANGE
COWN
Amazon will price activewear aggressively, may enter babies, says Cowen
Cowen analyst John Kernan says conversations over the weekend with supply chain contacts indicate Amazon.com (AMZN) will be aggressive with pricing in the activewear market and is sourcing from similar fabric suppliers as Nike (NKE), lululemon (LULU) and Under Armour (UAA). Contacts also suggest Amazon may develop intimates, baby and basics, which is a risk to Hanesbrands (HBI) and Carter's (CRI), Kernan tells investors in a research note dated yesterday titled "Amazonian Apparel Is A Clear Negative For Mass Market Brands." He believes Amazon's announcement Friday that it will source, design and market an athletic apparel line is a "clear negative for the mass market area of the category." It will create additional supply and deflation in a category that already has "inventory piled high in the U.S. wholesale channel," Kernan argues.
10/19/17
GSCO
10/19/17
DOWNGRADE
Target $54
GSCO
Neutral
Nike downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Lindsay Drucker Mann downgraded Nike to Neutral with an unchanged price target of $54. The shoemaker closed yesterday up 30c to $52.30. The shares will trade in a range as Nike works through excess inventory in the U.S. and next week's investor day is unlikely to be a positive catalyst, Mann tells investors in a research note. The analyst believes the valuation remains supported in the low-20s price-to-earnings ratio.
10/19/17
10/19/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Buy at Goldman Sachs with analyst Lindsay Drucker Mann saying shares will trade in a range as Nike works through excess inventory in the U.S. and next week's investor day is unlikely to be a positive catalyst. 2. Sprint (S) downgraded to Neutral from Outperform at Macquarie with analyst Amy Young saying a T-Mobile (TMUS) merger with Sprint could be imminent, but preliminary deal terms are not as attractive as she initially expected, especially speculation SoftBank (SFTBY) may be willing to accept market price in an all-equity deal. 3. Hain Celestial (HAIN) downgraded to Market Perform from Outperform at BMO Capital with analyst Amit Sharma saying valuation reflects a challenging operating environment. 4. Allergan (AGN) downgraded to Neutral from Buy at Mizuho. 5. MAA (MAA) downgraded to Market Perform from Outperform at JMP Securities with analyst Aaron Hecht saying shares are fairly valued as they approach his previous price target of $110. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/20/17
JEFF
10/20/17
NO CHANGE
Target $48
JEFF
Hold
Jefferies sees 'increasing probability' of Nike hitting $35 per share
Jefferies analyst Randal Konik admits the market knows Nike needs to lower its growth expectations. The analyst, however, views the company's "ubiquitous distribution" as the "real canary in the coal mine." Further, the market share gains by adidas (ADDYY) are "unrelenting," Konik told investors earlier in a research note. He sees earnings and multiple risk ahead for Nike as the market views the company as more "cyclical" and less of a "staple." The analyst has a base case of $48 per share and downside case of $35 per share. The latter's probability is increasing as share losses mount, Konik writes in his note titled "3 ISSUES HERE: Distro Model Extended, Share Loss Rising, Valuation Expensive." The analyst keeps a Hold rating on Nike with a $48 price target. The stock in early trading is up 1% to $53.34.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$315.05

2.55 (0.82%)

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GT

Goodyear Tire

$29.94

0.63 (2.15%)

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HMC

Honda

$32.62

0.02 (0.06%)

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

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Activist investors Nelson Peltz still in P&G picture, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
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BHGE

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$30.91

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GE

General Electric

$18.21

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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
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  • 27

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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  • 27

    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

    Nov

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    Nov

TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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11/18
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Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
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Lumos Networks

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  • 28

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
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Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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Syndicate
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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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VICL

Vical

$1.94

-0.02 (-1.02%)

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

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