6.14k followers • 11 symbols Watchlist by Yahoo Finance
This basket consists of stocks gaining popularity from health and wellness.
Lululemon Athletica Inc.
Herbalife Nutrition Ltd.
Under Armour, Inc.
DICK'S Sporting Goods, Inc.
Foot Locker, Inc.
GNC Holdings, Inc.
Use the DuPont technique to pick solid profit-generating stocks.
Every so often a company does something that just makes so much sense, and the deal that Gap (NYSE: GPS) has signed with Kanye West is one of them. Whether you like him or not (or merely shrug and roll your eyes when you hear his name), West bringing his Yeezy line of clothes to Gap is a really smart move for the retailer. While Nike (NYSE: NKE) didn't really need the assist when his first line of Air Yeezy sneakers was introduced back in 2009, it was still a notable development because it was the footwear maker's first non-athlete-branded sneaker.
Zacks Market Edge Highlights: Nike, FedEx, Microsoft, JPMorgan Chase and Bank of America
The Zacks Analyst Blog Highlights: Facebook, Thermo Fisher Scientific, McDonalds, NIKE and QUALCOMM
(Bloomberg Opinion) -- If you’re concerned about the pervasive role in daily life of technology companies such as Alphabet Inc.’s Google, then its planned $2.1 billion acquisition of Fitbit Inc. is a worry.Google already owns the biggest search engine, the most popular video-streaming site (YouTube), the biggest mobile operating system (Android) and the dominant e-mail service (Gmail). All of these feed a digital-advertising business that generated $135 billion of sales last year. Do we really want to add Fitbit’s fitness tracking to its armory?A coalition of 20 organizations on Thursday urged antitrust authorities in the European Union, the U.S. and five other jurisdictions to scrutinize the takeover more closely. The EU plans to rule on the deal by July 20, although it may extend the probe if needed.The problem is that Google’s dominance in one market — digital advertising — isn’t necessarily enough, from an antitrust perspective, to block a deal in another sector. Google doesn’t currently make a health tracker or smartwatch. As such, it doesn’t compete with Fitbit. It isn’t trying to consolidate the market or cut the number of rivals. Indeed, a better capitalized Fitbit might improve competition in a smartwatch market dominated by Apple Inc.But this deal isn’t really about hardware sales: Fitbit’s $1 billion in expected 2020 revenue would represent just 0.7% of Alphabet’s total. The value from the acquisition is in the data that Fitbit is accumulating on all of its users. Knowing how far, how often and where people walk, run, cycle or swim every day could help advertisers, health insurers, city planners and plenty more besides. While Google is unlikely to sell that information directly to advertisers, it would help it build more complete advertising profiles of its users. In that sense, the fitness tracker market isn’t discrete from Google’s dominant ad-tech business. It could feed it, extending its dominance.With that in mind, regulators could impose restrictions while still clearing the deal. Aitor Ortiz, a Bloomberg Intelligence analyst, expects behavioral remedies will be imposed. That could mean Google promising not to merge Fitbit data with other user info without explicit consent. The tech giant takes a similar approach with Nest, a home automation company it acquired in 2014. Last year, it started encouraging users to merge their Nest data with their Google accounts.For those alarmed about Alphabet hoarding even more of our personal data, these promises probably won’t be enough. A stronger remedy would be to prohibit Google from ever extracting fitness information from a user’s devices. That’s how Apple treats fitness data from its Watch. Google insists that it wants Fitbit anyway, even without being able to farm its data. If that’s true, then it shouldn’t have any complaint about such a restriction. The purchase would still give it an entree to the smartwatch market, which will grow to $96 billion by 2027, according to Allied Market Research.Fitbit’s products also need to keep working with Apple’s mobile operating system as well as with Android. Otherwise, they would become a tool to force people to buy Android devices.This is an important test case that will be hard for regulators to get right. Past attempts at imposing behavioral remedies on the tech giants have failed: Facebook Inc. told Brussels back in 2014 that it wasn’t technically possible to merge its data with those of WhatsApp, but then it went ahead and did it anyway, accepting a paltry 110 million-euro ($124 million) fine from the European Commission for breaking its agreement. Google tends to be better behaved than Facebook, but its deep pockets give it a lot of power.Given the risks, the easiest solution might just be to block the Fitbit deal outright. But that would be legally harder to justify.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Nike (NYSE: NKE) posted robust growth in its digital business last quarter, but it wasn't enough to offset the losses at physical stores. Overall, total revenue dropped 38% year over year due to store closures. During the conference call, management laid out a long-term growth roadmap, outlining specific areas where Nike will be investing during this downturn.
Strategists see a raft of unknowns—from the virus itself to the expiration of enhanced jobless benefits—that will determine the recovery’s shape.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
Lululemon (NASDAQ:LULU) has been lagging since the company reported earnings in early June. However, LULU stock caught a bid on June 30, on news that it will acquire Mirror for $500 million.Source: Sorbis / Shutterstock.com Shares closed off the highs, but still climbed 6% on the day. Why the enthusiasm? Because Lululemon bought into a growing secular theme that plays nicely with its current business model. Breaking Down the DealMirror is an at-home workout startup. Like its name implies, the company's lead product is literally a giant mirror that also plays video. That video allows instructors to lead live classes, giving a gym-like experience to users who are at home.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's sort of like Peloton (NASDAQ:PTON), shares of which have exploded higher in 2020 as the stay-at-home theme continues to thrive.Hopefully the novel coronavirus won't continue its rapid spread and domination for years to come. Whether it does or not though, may not matter. The stay-at-home theme seems to have staying power, which is why investors were so enthusiastic by Lululemon's purchase, even if it takes a while to contribute to the top and bottom line. * 7 Utilities Stocks to Buy With Reassuring Dividends At the end of the day, the at-home workout business has momentum and ties in with Luluelemon's workout apparel lineup, giving the deal potential to be could be a great fit. Mirror customers now have a tie to Lululemon apparel, and Lululemon customers now have a convenient although pricey at-home workout solution in front of them. A Look at LULU StockI continue to like Lululemon -- and not just because of the acquisition. Like Nike (NYSE:NKE), Lululemon has a powerful brand and loyal customers. As a result, it's a name that we want to own for the long term.Admittedly, there will be ups and downs. But the rallies in LULU stock will outweigh the declines, something we have seen play out quite well in 2020.When Lululemon Athletica last reported earnings, we got a mixed result. Revenue slumped more than 16% year-over-year to approximately $652 million, missing analysts' estimates by almost $50 million.As strange as it feels to say, the company's revenue decline was "only" 16%, though. Far more companies saw an even worse drawdown in the quarter, as Covid-19 put a serious dent in sales. In that light -- with so many store closures -- I view that sales number as pretty good.More encouraging were Lululemon's online sales. E-commerce sales boomed in the quarter, rising to $352 million, up almost 70% vs. the same period a year ago. Those looking at the numbers might quickly deduce that $352 million in online sales is rather significant against $652 million in overall sales.In fact, it's just over half at 52%. While that figure may not have staying power once stores begin to reopen, it's an encouraging sign given the future of retail.As the world returns to a state of normalcy, so too should Lululemon. If that's the case, it means a return to growth. Consensus expectations call for roughly flat revenue growth in 2020. However, next year expectations are looking for 24% revenue growth.That's what we expect with a brand like Lululemon, although investors are cognizant enough to recognize the (hopefully short-term) impact of Covid-19. Trading Lululemon Click to EnlargeSource: Chart courtesy of StockCharts.com From peak to trough, LULU stock fell more than 50%. However, the stock then rallied more than 150% from the lows into earnings in early June.With the mixed results, shares gently pulled back, before gapping higher on the Mirror news. So now what?To see more upside, investors need Lululemon's stock to push through the 138.2% extension at $318.67, putting the all-time highs and current resistance in play near $325. Above that and, technically speaking, the 161.8% extension could be in play near $350.On the downside, a break of Tuesday's low puts a gap-fill in play back toward $293. Below that could put the 50-day moving average in play.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Does Mirror Acquisition Make Lululemon Stock a Buy Again? appeared first on InvestorPlace.
EU regulators are checking whether Google's purchase of Fitbit might allow it to drive rival makers of wearable devices, app developers and other online service providers out of the market, and boost its dominance in online advertising and search. Healthcare providers are also being asked whether they would see Google as a rival if it is allowed to buy the fitness tracker company in a $2.1 billion deal criticised by privacy and consumer groups, according to EU documents seen by Reuters. The EU queries underscore the importance of Fitbit's <FIT.N> trove of health data generated from its devices, which are used to monitor users' daily steps, calories burned and distance travelled, and how this could further extend Alphabet Inc-owned <GOOGL.O> Google's market power into a fast-growing area.
Be wary - the warning from twenty advocacy groups over Google's $2.1 billion bid for fitness tracker firm Fitbit. The groups from the U.S., Europe and Latin America among others signed a statement on Wednesday (July 1). They're worried about privacy and competition issues. The 20 organisations - which include U.S.-based Public Citizen, Access Now from Europe and the Brazilian Institute of Consumer Defense - say the deal would expand the already considerable clout in digital markets of Alphabet's Google. They added that acquiring Fitbit would give Google intimate information about users, such as how many steps they take daily, the quality of their sleep and their heart rates. The statement added that "regulators must assume that Google will in practice utilize the entirety of Fitbit’s unique, highly sensitive data set in combination with its own." A Google spokesperson said the tech wearables space was crowded and that the deal is "about devices, not data." Fitbit's market share has been threatened by deep-pocketed companies like Apple and Samsung. EU antitrust regulators will decide by July 20th whether to clear the deal with or without concessions, or open a longer investigation. In Washington, Google is under antitrust investigation for allegedly using its massive market power to harm smaller competitors.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the current state of retail with Forrester Retail Analyst Sucharita Kodali.
Analysts see growth opportunity for both Lululemon and Mirror after the companies announced a $500 million deal.
Mirror, a Peloton competitor, could be the next big winner in the stay-at-home exercise space. Lululemon is buying it for $500 million.
Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement Wednesday urging regulators to be wary of Google's $2.1 billion bid for fitness tracker company Fitbit Inc <FIT.N> because of privacy and competition concerns. The 20 organizations - which include the U.S.-based Public Citizen, Access Now from Europe and the Brazilian Institute of Consumer Defense - argued that the deal would expand the already considerable clout in digital markets of Alphabet Inc's <GOOGL.O> Google.
The EU is examining whether Google’s proposed $2.1bn takeover of the fitness-tracking company Fitbit will give the company more data to entrench its search engine and advertising businesses, as consumer groups called for the deal to be blocked. EU regulators have sent two questionnaires, adding up to around 60 pages, asking Google and Fitbit’s rivals whether the deal will damage competition, disadvantage other fitness tracking apps in Google’s Play Store, or give Google more profiling data to improve its online search and advertising businesses. The questionnaires also ask rivals to assess the impact of the deal on Google’s growing digital healthcare business.
Rating Action: Moody's affirms five and downgrades five classes of COMM 2012- CCRE4. Global Credit Research- 01 Jul 2020. Approximately $863 million of structured securities affected.
Rating Action: Moody's affirms ten, confirms one and downgrades two classes of COMM 2012- CCRE5. Global Credit Research- 01 Jul 2020. Approximately $798.4 million of structured securities affected.
When Nike (NYSE: NKE) reported a 38% revenue decline in the fiscal 2020 fourth quarter, I'm sure more than one investor cringed. In the fourth quarter, Nike's digital sales soared 75% and made up 30% of total revenue.
The Dow Jones traded near break-even as the S&P; 500 and Nasdaq gained strength in heavy volume. A handful of Leaderboard stocks also traded in buy zones.
In his Real Money column "These Companies Are Here to Thrive, Now and Post-Pandemic" Jim Cramer called out Lululemon Athletica as a big winner in the retail space, after the company announced its first major acquisition earlier Tuesday. In the daily Japanese candlestick chart of LULU, below, we can see that prices have made a sizable rally from the March low -- more than a double in less than three months. In the weekly Japanese candlestick chart of LULU, below, we can see the "8 to 10 record highs" pattern from March.
Rating Action: Moody's downgrades four, confirms one, and affirms eight classes of UBS-BB 2013- C6. Global Credit Research- 01 Jul 2020. Approximately $1.14 billion of structured securities affected.
Is it bye-bye to Macy's if a COVID-19 second wave happens?