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PlayStation 5 Breaks Nintendo's 33-Month Streak: What It Could Mean For Video Game Stocks
Monday, October 18, 2021 - 1:25pm | 541The video game console market has been a three-way race for many years. One player has dominated the list for the last three years until a long streak was broken in September. Here are the details. What Happened: After 33 months as the top-selling video game console in the U.S., the Nintendo...
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Why Nintendo Shares Hit A 52-Week High Friday
Monday, August 24, 2020 - 2:08pm | 615Shares of Nintendo Co., Ltd. (Pink: NTDOY) hit a new 52-week high of $68.27 Friday. Shares are now up 29% in 2020 as the gaming company continues to be a pure play on the growth of video games during stay-at-home orders. Sales of Nintendo Switch devices and games have been strong for the...
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Restaurant Stats And Surveys From The Past Week: Signs Of Progress
Tuesday, June 2, 2020 - 4:21pm | 398The restaurant sector continues to show signs of rebounding as some states now permit dine-in eating. Small Progress Transactions at major U.S. restaurants were lower by 21% on a year-over-year basis for the week ending May 17, according to an NPD Group survey released last week. This marks not...
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Content Spree Could Lift This Video Game ETF
Friday, January 24, 2020 - 1:20pm | 552It's often said that content is king. It is indeed royalty in the video game space, underscoring what's already a well-heeled thesis for exchange traded funds such as the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE: NERD). NERD, which debuted last June, follows the...
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Impossible Foods To Launch Imitation Pork Products
Tuesday, January 7, 2020 - 12:27pm | 376Plant-based food maker Impossible Foods said Monday it will begin offering food products that mimic the texture and taste of pork. Impossible will soon launch imitation ground pork and sausage products made from soy, coconut oil and starch, according to The Wall Street Journal. The food will...
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5G Stocks Are Heating Up Ahead Of Tariff Deadline
Wednesday, December 11, 2019 - 4:05pm | 656Suppliers of 5G technology are getting some love on Wall Street this week, with several experts saying any trade tariff-related weakness should serve as a long-term buying opportunity heading into 2020. Double Upgrade On Monday, Bank of America analyst Vivek Arya double-upgraded 5G Apple, Inc. (...
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What Is Li-Ning And Why Is Its Stock Up 200% This Year?
Friday, November 15, 2019 - 12:18pm | 521Chinese sportswear brand Li-Ning Co. Ltd. (OTC: LNNGF) could be the hottest stock in the athletic apparel market in 2019. The company is a top performer in the MSCI Asia Pacific Index, with the stock up more than 197% year-to-date, according to Bloomberg. Li-Ning initially made a splash in the...
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Cowen: Nike's Chinese Growth Unthreatened By NBA Turmoil
Sunday, October 13, 2019 - 4:52pm | 459NBA games during the upcoming season could be further restricted in China, but Cowen said it's is skeptical it will materially affect Nike Inc (NYSE: NKE)'s most profitable region. The Analyst John Kernan reiterated an Outperform rating on Nike with a $105 price target...
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Shoe Expert: NBA Fallout In China Could Lead To Consumers Ditching Nike, Under Armour
Friday, October 11, 2019 - 11:45am | 626The Los Angeles Lakers and Brooklyn Nets preseason game took place as scheduled in Shanghai, China Thursday despite fears of a cancellation. The Lakers and Nets played a close game in front of a sold out crowd of 18,000, and it appears likely the teams will also play their rematch in China on...
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Houston Rockets, NBA Face Backlash In China After GM Tweets About Hong Kong Protests
Monday, October 7, 2019 - 3:42pm | 842A now-deleted tweet sent Sunday by Houston Rockets General Manager Daryl Morey that voiced support for Hong Kong protesters has highlighted the delicate nature of the NBA's business ties to mainland China. Morey’s deleted tweet featured an image with the words: “...
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'Nike Continues To Expand The Market': Analysts Applaud Q1 Beat
Wednesday, September 25, 2019 - 5:05pm | 836Nike Inc (NYSE: NKE) shares are in all-time high territory after the apparel company posted a first-quarter earnings beat Tuesday. Wells Fargo Weighs In Although expectations were very high heading into the first quarter, Nike was able to clear the bar with an earnings report that was solid from...
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Analysts: Athletic Brands Aren't Making Enough Products For Women
Wednesday, July 24, 2019 - 9:15am | 1070One of the most noticeable shifts in women's fashion has been the embrace of athleisure and sneakers. Still, many analysts believe the industry has significantly underperformed in serving the female athlete — and that the category could serve as a catalyst moving forward. While female...
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Footwear Analyst: Outrage Over Nike's Betsy Ross Shoe Comes From Outside Its Teen Demographic
Friday, July 5, 2019 - 3:22pm | 737Nike Inc (NYSE: NKE) became embroiled in yet another patriotic debate ahead of the Fourth of July holiday this week. The world’s largest sportswear brand is receiving backlash for releasing and then quickly discontinuing its latest Air Max release, the "Betsy Ross Flag"...
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'Rebranding Reebok': Experts Weigh In On Shaq's Interest In Footwear Nameplate
Sunday, June 30, 2019 - 10:16am | 757Shaquille O’Neal buying Reebok from Adidas AG (OTC: ADDYY)? It could be just what the struggling footwear brand needs to reinvigorate itself. The NBA Hall of Famer recently told CNBC he would “love to buy Reebok," the first brand to endorse him during his playing days....
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Sneakers As An Asset Class: 'The New Wave Of E-Commerce' Or A Bubble?
Wednesday, June 26, 2019 - 2:18pm | 916The rise of sneaker and luxury resale platforms in recent years has many consumers looking at shoes as investments as much as fashion or footwear. The commoditization of sneakers has given rise to several resale platforms that are raising capital. Two of them, Detroit-based StockX and China-based...