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Everybody loves shoes, why not make money from them as well? This Monday, we’ve decided to focus on something crucial in our daily lives. We’re hitting the ground running with our cover on the footwear industry.
Why Adidas (ADDYY) Could Be an Impressive Growth Stocks (Released: 22/07/2016)
German sports shoes manufacturer Adidas (OTCQX: ADDYY) shows promising signs of growth as the current growth estimate is expected to reach an earning-per-share growth of 20.5% this year. A long-term growth rate is currently estimated to be 18.8%, showing good prospects in the future. The improvements could be attributed to the company’s announcement that it will boost collaboration with famous rapper Kanye West by introducing his fashion label brand ‘Yeezy’ shoe designs for athletes. Following the announcement, Adidas stock rallied 2.5%. Since then, the stock has been steadily climbing opening Friday morning at $75.40. Be sure to exercise those Call Levels of yours in anticipation of this week’s price movement!
Skechers (SKX) Stock Plummets on Heavy Volume on Q2 Miss (Released: 22/07/2016)
Unlike Adidas, American lifestyle and performance footwear company, Skechers (NYSE:SKX) took a big hit as its shares plummeted by 22.29% to $24.99 after the company released its lower-than-expected second quarterly earnings. The company reported earnings of 48 cents per share, below 52 cents per share estimates as well as a revenue of $877.8 million, short of analysts’ expectations of of $886.87 million. Since August 2015, Skechers has lost about half its value. According to CNN Money , analyst Scott Krasik said that growth is slowing more rapidly than expected and attributed the disappointing earnings to a slowdown in sales, walking issues, international issues as well as legal cases when it was sued by Adidas.
Nike (NKE) optimistic for sales rebound in North America (Released: 22/07/2016)
The world’s largest footwear and sports apparel company, Nike Inc. (NYSE:NKE) expect sales growth to recover in North America with the help of the upcoming Olympics 2016, an expansion of its basketball business and clearing excess stock. According to Stockznews, the company’s stock opened its last trade on Thursday at $57.99 and after floating in a range of $56.57 to $58.03, settled at $56.99. NKE stock lost -1.33% in total of its share price. NKE stock’s 52-week range is $47.25 – $68.19.
(Source: sneakerbardetroit) – The new Nike Air Force 180 Olympic 2016
Under Armour (UA) Stock Climbs Ahead of Q2 Earnings Report (Released: 22/07/2016)
Shares of Under Armour, Inc (NYSE:UA) rose +1.14% in trading session and finally closed at $42.64 on Thursday. The following day, the stocks rose by 0.19% to $42.72 as the company prepares to report 2016 second quarter earnings on July 26. Wall Street Analysts are expecting earnings of a penny per share. According to streetupdates, analysts are bullish on Under Armor’s earnings long term earnings potential . In its 2015 second quarter, Under Armour reported earnings of 7 cents per share and revenue of $784 million. Current drivers of UA’s footwear sales are a shoe sponsorship with NBA star Stephen Curry and corresponding college uniform sponsorships with Notre Dame and the University Of Wisconsin.
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