Latest news with #ElliotHill
Yahoo
6 days ago
- Business
- Yahoo
Jim Cramer on NIKE: 'Elliot Hill is Making All the Right Moves'
NIKE, Inc. (NYSE:NKE) is one of the stocks on Jim Cramer's radar. Answering a caller's query about the company during the episode, Mad Money's host remarked: 'I think Nike's going to be a long-term turn. I think that there was a lot of damage done, and a lot of the competitors came in and really like On, and we know that New Balance got strong and HOKA got strong. So it's going to, there's more competition. It's going to take a little longer than expected, but ultimately, I think that Elliot Hill is making all the right moves, and you will be fine.' A team of trainers and athletes displaying a wide range of athletic and casual footwear. NIKE (NYSE:NKE) designs and sells athletic footwear, apparel, equipment, and accessories under brands like NIKE, Converse, and Jordan. The company also provides licensed products, digital fitness platforms, and branded retail experiences. On July 2, Cramer mentioned the stock while discussing Vietnam tariffs, as he said: 'Today, we found out that the Vietnam tariff would only be 20%, not great, but certainly less than what Trump proposed on Liberation Day. We all knew that Nike moved a lot of stuff to Vietnam, and that was the easy story, hence why it shot up 4% today on top of a lot of other points since it reported.' While we acknowledge the potential of NKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-07-2025
- Business
- Yahoo
NIKE, Inc. (NKE) Is Up Because People Say 'Ooh I Want To Be In Nike,' Says Jim Cramer
We recently published . NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently discussed. NIKE, Inc. (NYSE:NKE) is a well-known American athletic apparel company. Its shares are up by a modest 3.7% year-to-date, primarily on the back of a massive 22% jump since late June. NIKE, Inc. (NYSE:NKE)'s stock has struggled in 2025 due to the potential impact of tariffs on its business due to the firm's global supply chain. However, the shares gained in June after NIKE, Inc. (NYSE:NKE)'s fiscal fourth quarter EPS and revenue of $0.14 and $11.10 billion beat analyst estimates of $0.13 and $10.72 billion. Investors were also bullish after CEO Elliot Hill commented during the earnings call that NIKE, Inc. (NYSE:NKE)'s worst days were behind it and the firm would continue to improve future performance. However, Cramer asserted that the strong share price performance was partly also due to an idea-driven market: 'Let's take the case of, say, Nike. Okay. So Nike reports a good number. Now the stock will typically be up three. Now it's up 15. Okay because people are saying ooh I want to be in Nike. Now what I'm saying is I can ignore that and focus 100% on the ten basis points that will no doubt move within the next 24 hours. People don't even know what a basis point is anymore. Do you think a millennial knows what a basis point is? A basis point. Yeah.' A team of trainers and athletes displaying a wide range of athletic and casual footwear. Earlier, the CNBC host shared he was conflicted about NIKE, Inc. (NYSE:NKE): 'I'm conflicted on Nike. On the positive side, the new CEO has a clear strategic plan to turn things around by focusing on running, basketball, football, training, and sportswear… The bottom line: I am optimistic that the worst is indeed behind Nike, or at least will be soon. And I think there's a good chance for a comeback, especially with a seasoned hands-on Nike veteran like Elliott Hill at the helm. That said, I don't have a ton of conviction in the turn happening quickly, so I'd advise you to start slowly with a small position and only buy more if Nike gives you a good reason to pull the trigger.' While we acknowledge the potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-07-2025
- Business
- Yahoo
NIKE, Inc. (NKE) Is Up Because People Say 'Ooh I Want To Be In Nike,' Says Jim Cramer
We recently published . NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently discussed. NIKE, Inc. (NYSE:NKE) is a well-known American athletic apparel company. Its shares are up by a modest 3.7% year-to-date, primarily on the back of a massive 22% jump since late June. NIKE, Inc. (NYSE:NKE)'s stock has struggled in 2025 due to the potential impact of tariffs on its business due to the firm's global supply chain. However, the shares gained in June after NIKE, Inc. (NYSE:NKE)'s fiscal fourth quarter EPS and revenue of $0.14 and $11.10 billion beat analyst estimates of $0.13 and $10.72 billion. Investors were also bullish after CEO Elliot Hill commented during the earnings call that NIKE, Inc. (NYSE:NKE)'s worst days were behind it and the firm would continue to improve future performance. However, Cramer asserted that the strong share price performance was partly also due to an idea-driven market: 'Let's take the case of, say, Nike. Okay. So Nike reports a good number. Now the stock will typically be up three. Now it's up 15. Okay because people are saying ooh I want to be in Nike. Now what I'm saying is I can ignore that and focus 100% on the ten basis points that will no doubt move within the next 24 hours. People don't even know what a basis point is anymore. Do you think a millennial knows what a basis point is? A basis point. Yeah.' A team of trainers and athletes displaying a wide range of athletic and casual footwear. Earlier, the CNBC host shared he was conflicted about NIKE, Inc. (NYSE:NKE): 'I'm conflicted on Nike. On the positive side, the new CEO has a clear strategic plan to turn things around by focusing on running, basketball, football, training, and sportswear… The bottom line: I am optimistic that the worst is indeed behind Nike, or at least will be soon. And I think there's a good chance for a comeback, especially with a seasoned hands-on Nike veteran like Elliott Hill at the helm. That said, I don't have a ton of conviction in the turn happening quickly, so I'd advise you to start slowly with a small position and only buy more if Nike gives you a good reason to pull the trigger.' While we acknowledge the potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
01-07-2025
- Business
- Yahoo
Nike upgrade, AMC's debt plan: Trending Tickers
Nike (NKE) stock was upgraded to Buy by Argus, citing strong brand growth despite ongoing supply chain challenges. AMC (AMC) stock is in focus after the company announced plans to raise $223 million to refinance its debt amid skepticism about its recovery. Watch the video above to hear Market Domination host Josh Lipton and Prairie Operating Co. executive vice president of market strategy Lou Basenese discuss the latest on both stocks. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Now time for some of today's trending tickers gonna watch Nike and AMC and up first Argus upgrading Nike stock. They go to a buy on that one and analysts say that recovery for the company is on its way with Argus expecting Nike to dominate in the athletic apparel and footwear markets the long run, despite the industry's growing competitiveness, Argus believes that Nike will continue to strengthen its position through global brands innovative products and rapid growth in emerging markets. So Lou Argus does upgrade this to buy target, looks like they, they go to 85 here looks like recoveries underway. They talk about how Nike's clearing inventory, so their products were up to date. Um, are you a believer? CEO Elliot Hill, you got the celebrity athletes whatever you want. Yeah, I'm not there yet in the short term because I believe, if I'm not wrong, if not mistaken it was a couple weeks ago, we were talking about supply chain issues called rising costs because of tariffs that weren't yet resolved. But I do think Nike is one of those iconic brands that is going to find its footing again. No pun intended. Um, just because, I mean you and I grew up with those children of the 90s right, it was the only brand in athletic wear. Uh, they're seeing what consumer tastes are, but for me personally, retail is a tough space to invest in because of changing and finicky demand. So, uh, but I do think Nike has staying power there. They do the right partnerships, um, they need another Tiger Woods-esque type breakout star to really, to carry that banner for that brand. I was actually a child of the 80s, but I appreciate 80s too. Right. I appreciate you saying that. Let's try and upgrade us both. It's nice to you. All right, the other ticker here we're watching, AMC entertainment announcing a new plan to lessen its debt and take on new financing. The restructuring deal introduces roughly 223 million in fresh capital aimed primarily at refinancing debt scheduled to mature in 26. So, um, this one's interesting Lou. I'll tell you what stuck out, stocks down about 30% this year. Do you know how many buys on the street Lou? Zero goose egg, none. Seven holds, three sells. That's all you get. Which is the biggest rarity you're ever going to see honestly. You do not see that often. You don't see that, right? There's always more buys and maybe a lone contrarian that's out there as a sell. I'm just still scratching my head. How did we not see bankruptcy through COVID? Right. Like just if it wasn't for the meme stock mania, I just don't know that there's been that big of a rebound in movie ticket sales right. To justify this. I think this is at best a melting ice cube of a business model. Right? Just don't. When's the last time you went to a movie? I took my daughter to Moana 2. Yeah. That's the first movie in forever. No, I keep, people come on here and it's very smart analysts and they tell me people are still going to movies. Box office, okay, maybe it's not back to where it was pre-COVID, but there's been a recovery there. Maybe it's just going to be a smaller industry going forward, which makes sense because it's very hard to get me off my couch. I got the couch, the dog, the big screen. I think it's tough. Yeah. But my thing is, can you get excited about investing in movie theaters, right? You have 4,000 other choices out there. For me, you don't have a single buy rating. You know, um, Not on this one. No. Not one goose egg. You could be the first. Right, thank you.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Nike Stock Could Soar 60%, According to 1 Wall Street Analyst. Is It a Buy Now?
Nike (NYSE: NKE) stock has been in a downward spiral for the past three years as sales declined, and it appeared to be losing its edge. But all hope is not lost. The company just reported a strong earnings beat, and it's the leader, by far, in its industry. In fact, one Wall Street analyst sees Nike stock shooting 60% higher over the next 12 to 18 months even after it jumped 15% after earnings. Should you buy it today? Getting back in the game Nike has been dealing with multiple mishaps. It's reestablishing partnerships with wholesalers after cutting some of them out a few years ago; it's getting back on top of its innovation pipeline; and it's going back to sports after prioritizing lifestyle products. It has a new CEO whom the investing community is pumped about, and he's been making changes that the market is liking. A full turnaround is still in the works, but Nike reported better-than-expected earnings for the 2025 fiscal fourth quarter (ended May 31), and it looks like the plan is taking shape. Sales were down 12% from last year in the quarter, with Nike Direct sales down 14%. Gross margin declined by 4.4 percentage points to 40.3%, and earnings per share dropped 86% to $0.14. If that doesn't sound so great to you, consider that Wall Street was expecting only $0.12. Although there's a long way back up, the market appreciated Nike's update and reassurance about how it's progressing. CEO Elliot Hill restructured innovation to focus on lines rather than categories, keeping the athlete at the center. It also widened its wholesale channels to reach more customers in more places, including premium chain Aritzia and Urban Outfitters, which is geared toward the younger shopper. Notably, it's going back to selling on Amazon after a very public breakup five years ago. Hill, a Nike veteran who's been in the lead role since October, gave some important examples of progress: Launches through wholesale partners Dick's Sporting Goods and led to higher sales. The day before it hosted a race at its LA-based store at the Grove, a premium shopping center had its highest sales in three years. It presented its best looks from the French Open finals, leading to a 30% sales increase day to day. Is Nike losing its grip on first place? Nike's lead against its competition is so wide that it really has no competition, at least for first place. That gives it some wiggle room to fix its mistakes and work things out before the situation escalates, but investors shouldn't ignore the risks. Some of its competitors have been posting much better performance despite operating in the same environment. Lululemon Athletica, which hasn't been impressing the market lately, still reported a 7% sales increase in its most recent quarter, and new brand On Holding reported a gargantuan 43% increase. I often cite the Piper Sandler Taking Stock With Teens survey as a good glimpse of how younger customers are shopping because their trends drive future growth. Nike has been in first place for favorite shoe brand for years, and it remained in first place in the recent spring update. However, Nike's share fell from recent averages of around 60% to only 49%. Converse, which has recently featured in the No. 2 spot, wasn't in the top three. These findings aren't alarming, but investors should take them into account when making decisions. A global industry leader Nike is still the brand to beat, and as it progresses, it's looking more likely to make a real comeback. Several Wall Street analysts upgraded their price targets after the recent report, including HSBC, which upgraded the stock to a buy and gave a price target of $80. Jefferies maintained its price target of $115, which is 60% higher than the stock's recent price. Nike also pays a growing dividend that yields 2.2% at the current price, which makes it attractive for passive income investors even while the company is still struggling. If you have a long timeline, you could buy Nike stock today and enjoy the dividend while the stock gets back to work. It's a blue chip stock that should bounce back and offer resilience over time. Should you invest $1,000 in Nike right now? Before you buy stock in Nike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
