Connect with us

Featured

Nike, Goddess Of Victory, Demands 6,000-Year Royalty Check

Daniel Chase

Published

on

stock_price_nike

“A shoe must be three things,” Nike (NKE) co-founder Bill Bowerman proclaimed. “It must be light, comfortable and it’s got to go the distance.” In the late 1950s, Bowerman was displeased with the current track shoe market. Shoes were made of heavy leather, metal, and were anything but soft and comfortable. As a track coach for the University of Oregon, revered both then and now as an elite running school, Bowerman was obsessed with helping his runners slash seconds of their times. 

He first began dismembering running shoes in the 50’s, when he wrote to several shoe companies with suggestions for improving their footwear to improve quality for runners and walkers alike. He received no responses, but Bowerman never slowed. 

One of the first student-athletes to try a Bowerman original was Phil Knight, the eventual founder of Nike (NKE). As to why Bowerman chose him, Knight admitted that “he wasn’t one of the best runners on the team. Bowerman knew he could use me as a guinea pig without much risk.” Bowerman made every shoe to the exact dimensions of a runner’s foot, measuring widths and noting individualities, such as extended heel or slim ankle. As for raw materials, nothing was out of the question. Bowerman used kangaroo leather, velvet, deer hide, snakeskin, and even fish skin, in pursuit of the perfect track sneaker. 

“Most American shoemakers are not interested in what we track coaches think about track shoes. The best shoes…at this time are made by the Germans. Their sole material is not too good and I can either replace their sole or I can make my own shoe. I don’t think there is any question, certainly, in my own mind there is not, that I now have the best shoe in the world — if I could just find some good American shoemaker to make it.”

Bill Bowerman Co-founder Nike 1960

Bowerman would eventually find a good American shoemaker, or better yet, he would become the shoemaker he sought out. Partnering up with his former student-athlete, Phil Knight, the two running enthusiasts would eventually start Blue Ribbon Sports and years down the line, Nike. 

Fast forward fifty-four years and Nike (NKE) one of the most well-known brands in the history of retail. It’s legacy as a brand is built on decades of gold-medal athletes, unparalleled innovation for high-performance shoes, and a keen eye for the next big thing. 

“In our view, Nike (NKE) represents an already dominant, legacy global brand that is now aggressively embracing the power of digital to enhance most facets of its business,” analyst Brian Nagel said on Thursday. Nagel, an analyst for global investment firm Oppenheimer, upgraded Nike (NKE) to “Outperform” from “Perform” based on the firm’s rubric for investment success. 

Nike’s shares have been red-hot this year, soaring 23% in 2018. The brand’s stock is outperforming the S&P 500, which climbed a measly 6% in the same timespan. Bullish growth forecasts for the global sportswear brand are not without competition, as rival Adidas AG (ADDYY) reports that its last quarter sales in North America, a region where the brand is beating  Nike to the punch somewhat consistently, shot up 7% to nearly $1.3 billion.

In an effort to stay fresh and keep moving forward, Nike commemorated the 30th anniversary of its legendary ‘Just Do It’ campaign by selecting Colin Kaepernick, a former NFL quarterback whose decision to kneel during the national anthem spurned nation-wide outcry. Kaepernick refused to stand in support of a nation wrought with police brutality and social injustice, and the very notion of challenging the norm is in Nike’s lifeblood.

Despite various criticisms from the media and President Donald Trump, the 30th-anniversary campaign has generated an increase of 31% more online sales in the days following the ad, as well as 170,000 new followers on Nike’s official Instagram. Since the launch of the campaign, Nike’s shares have risen 6.5%, adding roughly $6 billion to the company’s market value. 

Phil Knight and Bill Bowerman had a vision for their company. It was never about becoming a global icon, no, it was much simpler than that. Knight and Bowerman believed in investing in the future of athleticism. At the very end of Nike’s commercial featuring Kaepernick, the former Superbowl-winning quarterback leaves consumers with a line:

“Believe in something, even if it means sacrificing everything.” 

Continue Reading
Click to comment

Featured

ROKU Stock On A Surge After Its Head-Turning Q2 Results

Jon Phillip

Published

on

tech stock

Roku Inc (NASDAQ:ROKU) stock, the video-streaming pioneer is performing quite well in the Wall Street. The company is expected to go even as high as $150 as projected by analyst Laura Martin. More and more advertisers are using the platform instead of the traditional television for advertising their products and services.

An increased number of people are skipping video ads on television. Martin continues to keep ROKU stock as one of the top picks for mid-cap companies this year seeing the potential of a further stock price increase.

Blockbuster Earnings

The platform’s popularity which is measured by variables like audience count, usage and average revenue per user increased greatly resulting in a humungous growth. Last week, the stocks of the company rose by 25% post the impressive performance in yet another quarter.

The revenue reported a rise by 59% in Q2, 86% of which was due to a surge in the revenue generated through the platform. While a few years earlier, the revenue was dominated by the sales of the low-margin device, now over two-thirds of the total revenue is contributed by the Roku platform which is a high-margin business.

Related Stock Price Articles

Does The Future For Shopify Stock Price Look Bright?

Snapchat Stock Price Jumps Above IPO price After One year: Bullish Signal For Tech Stocks?

ROKU Stock Price Hits Another All-Time High On Earnings Optimism

Currently, the count of active accounts on the Roku platform stands at 30.5 million users, while the content streamed is for a total of 9.4 billion hours. Considering these figures and the number of days in the quarter, i.e. 91 days, the average consumption can be totaled to 3.4 hours per day per account. The consumers are not only using low-cost devices but are also buying the now available smart TV with the factory-installed operating system of Roku.

While, Needham analyst, Laura Martin had been a keen supporter or Roku’s stock even before its bullish phase, even the cautious ones are now of the buying opinion – take for example Stephens’ and Rosenblatt’s analysts have changed the stock from neutral to buy last week.

To make matters even better, the media giants are also amidst the process of launching new streaming services. This, coupled with the rapid growth of Roku is what made the $150 stock price appear realistic when the stock had started the year at just $30. The future of the company definitely appears brighter than ever.

Continue Reading

Featured

Stock Price Friday Morning Update – August 16, 2019

Joe Samuel

Published

on

stock price newsletter

The Future Of Drug Delivery Has Biotech Investors Focusing On One Small Company

With a wave of groundbreaking products in the pipeline, biotechnology could be poised to keep churning higher for the foreseeable future. But how can you get in on the ground floor of the next big wave in biotech?

Click Here To Read More


Will This New Trend In Tech Bolster Big Opportunities For Investors?

It is undeniable how on-demand is changing the world around us as we know it. No matter which business segment you belong to, chances are that someone in your industry will be thinking about investing in the on-demand market. So how can people capitalize on this new trend?

See For Yourself


What’s Lying Ahead for Sohu.com (SOHU) After The Recent Developments

Sohu . com (SOHU) investors face a gloomy future after the stock of the Chinese company dropped to a new low in 16 years after it reported disappointing financial results last week. This is the first time since the spring of 2003 that the stock has sunk that low to trade in single digits.

What’s Next For The Chinese Tech Stock?

Continue Reading

Featured

What’s Lying Ahead for Sohu.com (SOHU) After The Recent Developments

A. Lawrence

Published

on

SOHU stock price

Sohu.com (SOHU Stock Chart) investors face a gloomy future after the stock of the Chinese company dropped to a new low in 16 years after it reported disappointing financial results last week. This is the first time since the spring of 2003 that the stock has sunk that low to trade in single digits.

Sohu reports $474.8 million in revenue in Q2

In the just-announced Q2 2019 financial results the company reported revenue of around $474.8 million in the quarter which is a 2% decline from what was reported a year ago but it is a 10% sequential improvement. This is the fourth consecutive quarter that Sohu has posted a decline in year-over-year top-line although the pace has moderated with each passing quarter.

Things were not good equally for the subsidiaries that it spun sometimes as they also experienced a drop in their stock. Changyou.com (CYOU Stock Chart) and Sogou (SOGO Stock Chart) which represent Sohu’s gaming and search operations respectively equally tumbled last week hitting new lows despite the segments reporting an increase in revenue.

Q2 revenue within company projections

The company’s quarter did not appear to be disappointing since the reported revenue of $474.8 million was within the company’s projection of revenue between $469 and $494 despite falling short of Wall Street estimates. The adjusted net loss of $50 million reported was better than the projections of a loss of between $60 million and $70 million in the quarter.


Trending Stock Price Articles

Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

3 Biotech Stocks In Focus As Cancer Treatment Heats Up

3 Cancer Related Stocks to Watch Right Now


The future for Sohu seems to be uncertain as it continues to perform unsatisfactorily. For instance, in the past year, the company saw its leading advertising revenue dip by 29% despite its Changyou-driven online gaming and Sogou-led search revenue increasing by 3% and 2% respectively.

For the third quarter, the company has estimated its revenue to be between $445 million and $470 million which is a sequential drop. The company has forecast a 10% to 14% jump in top-line which will help in offsetting the 12% to 21% drop in advertising revenue and 6% to 17% dip in online gaming revenue.

Continue Reading

Join Our Newsletter

Get stock alerts, news & trending stock alerts straight to your inbox!


We keep all user information pricate & promise to never spam.*

Privacy Policy

Search Stock Price (StockPrice.com)




Trending

Subscribe Now & Begin Receiving Free Stocks News, Articles, Trade Alerts & MORE, all 100% FREE!

We are your #1 source for all things Stock Market & Finance, Subscribe Below!

Privacy Policy: We will NEVER share, sell, barter, etc. any of our subscribers information for any reason ever! By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. Further questions please contact privacy@stockprice.com