Nike is scheduled to report third-quarter earnings after Thursday's closing bell.
after Zion Williamson, the star college-basketball player, was injured when his sneakers malfunctioned. But the episode did little to dent the stock's longer-term performance, with shares still up 19% this year.
Sam Poser, an analyst at Susquehanna who is generally quite bullish in his footwear coverage, recommended buying Nike ahead of its report. He said solid results from"Footwear increasing market share across categories, distribution channels, geographies and genders," Poser told clients last week."The momentum of apparel sales growth continues as well; we think women's apparel will continue to be the greatest opportunity for growth.
The third-quarter results comes after a particularly strong showing last quarter, which showed efforts around Nike's digital strategy had paid off. Wall Street is generally pretty bullish on the company. Analysts surveyed by Bloomberg, carry 25"buy" ratings, 10"hold" ratings, and just one"sell."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nike expands sports bras to be more inclusive'It's about breaking down the barriers women face in sports and life.' Nike expands sports bras to be more inclusive:
Read more »
Brexit fears; Levi's IPO; Nike earningsToday’s top business headlines with ChristineRomans: - Federal Reserve signals no rate hikes in 2019 - US-China trade talks resume next week - Ford to build electric cars in Michigan - Oil hits $60 per barrel for first time since November
Read more »
Adidas Is Slipping From its Personal BestHeard on the Street: Two years ago, Adidas was easily outpacing Nike in the global sportswear market. Now it is Nike’s turn to lead—but for how long?
Read more »
Cramer Remix: Forget the stocks caught in the trade war crossfireJim Cramer reveals why Nike is an ideal investment that can do well with or without a trade deal.
Read more »
Nike is about to report earnings. Here's everything you need to knowNike is expected to benefit as rival sneaker maker Adidas is facing supply chain issues this year.
Read more »
You can now shop from brands including Kylie Cosmetics, Nike, and Zara on Instagram — here's the listCheckout on Instagram is currently being beta-tested with 23 brands. Here's what they are.
Read more »
Kylie Cosmetics, Nike, and Zara want shoppers to buy their products right on Instagram. Here's the full list of retailers that are giving early access to the game-changing service.Checkout on Instagram is currently being beta-tested with 23 brands. Here's what they are.
Read more »
These are the brands that Gen Z shops at most, according to a survey of more than 1,800 young AmericansBusiness Insider surveyed more than 1,800 Gen Z Americans to see which brands they shop most. Nike, American Eagle, and Vans were among the answers.
Read more »
Nike is about to report earnings. Here's everything you need to knowNike is expected to benefit as rival sneaker maker Adidas is facing supply chain issues this year.
Read more »