Bank of America Merrill Lynch Securities: Maintains Buy rating for Shenzhou International Group Holdings Limited unsponsored ADR, with a target price of HKD 93.5.
Bank of America Securities released a research report stating that the decline in the stock price of Shenzhou International (02313) from the June high may be due to Nike's guidance reduction and tariffs. The report believes that many of the concerns of investors are somewhat exaggerated and that the company has an attractive risk-return profile, especially after the sell-off. The target price is HKD 93.5 and the rating is maintained as "buy". The bank expects the company's gross margin to recover to over 28% in the first half of this year and to recover to 30% at some point in the second half of this year. The bank still believes that the company's profit growth in the first half of this year may be significantly higher than the income growth. Nike's guidance reduction has caused many concerns and has already had a negative
Nike Options Spot-On: On July 18th, 262.51K Contracts Were Traded, With 1.6 Million Open Interest
On July 18th ET, $Nike(NKE.US)$ had active options trading, with a total trading volume of 262.51K options for the day, of which put options accounted for 63.26% of the total transactions, and call
On Holding's Spray-on Running Shoe Could Race to a Gold Medal at Paris Olympics
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
Form 144 | Nike(NKE.US) Officer Proposes to Sell 8.03 Million in Common Stocks
SEC FILLINGS DISCLOSED/ Jul 18, $Nike(NKE.US)$ Officer PARKER MARK G intends to sell 110K shares of its common stock on Jul 18, with a total market value of approximately $8.03 million. PARKER
Risks to Softlines More Pronounced for Foot Locker and Torrid - Analyst
This Nike Rival Is Wall Street's Next Big Stock Split, But Should You Invest?
Here's Why U.S. Outlets Haven't Recovered
Why Outlets Are Lagging Behind Other Mall Categories in the U.S.
The pandemic and the rise of e-commerce giants like Amazon and Shein have severely affected the industry.
Athletic Brands Assesses Risks as US-China Tariff Threats Loom Large, Evercore ISI Says
Global athletic brands heavily reliant on Chinese manufacturing are preparing for potential disruptions as the threat of renewed US-China tariff conflicts looms, according to research by Evercore ISI.
Nike Options Spot-On: On July 17th, 127.36K Contracts Were Traded, With 1.59 Million Open Interest
On July 17th ET, $Nike(NKE.US)$ had active options trading, with a total trading volume of 127.36K options for the day, of which put options accounted for 27.96% of the total transactions, and call
Hong Kong stock market concept tracking: With the Olympic opening ceremony approaching, the sports footwear and apparel industry benefits from the "Olympic consumer" trend. (List of concept stocks)
At 1:00 pm local time on July 14th, the 2024 Paris Olympic torch began to be relayed in Paris. The relay in Paris will last for two days.
Adidas has raised its full-year profit forecast due to strong Q2 financial report and weak sales from its 'fierce rivals'.
Adidas is making every effort to narrow the gap with Nike.
Nike Options Spot-On: On July 16th, 187.2K Contracts Were Traded, With 1.55 Million Open Interest
On July 16th ET, $Nike(NKE.US)$ had active options trading, with a total trading volume of 187.2K options for the day, of which put options accounted for 25.14% of the total transactions, and call
Market Whales and Their Recent Bets on NKE Options
Financial giants have made a conspicuous bullish move on Nike. Our analysis of options history for Nike (NYSE:NKE) revealed 42 unusual trades.Delving into the details, we found 52% of traders were
Adidas Raises 2024 Guidance After Nike Saw Weakening Sales
Unusual Options Activity: ENTG, INSM and Others Attract Market Bets, ENTG V/OI Ratio Reaches 357.1
EST Jul 16th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Adidas' Results Give Lift to Footwear Rivals
Express News | Lululemon Athletica up 1.6%, Foot Locker up 6.4%, V.f. Corp up 2.7%
Express News | Nike up 1.6%, Under Armour up 1.6%, Dick's Sporting Goods up 3.0%