Sales of selected competitors of Nike $NKE (-0,51 %) :

Nike(USA): $49.0 billion, -8% in the last quarter compared to the previous year, $NKE (-0,51 %)

Adidas*(Germany): $24.6 billion, +7%, $ADS (-1,92 %)

Lululemon**(USA): $10.2 billion, +9%, $LULU (+0,61 %)

VF Corporation**(USA): $9.9 billion, +2%, $VFC (+1,45 %)

Anta Sports*(China): $9.7 billion, +14%, $2020 (+3,32 %)

Puma*(Germany): $9.3 billion, +0%, $PUM (-0,17 %)

Skechers**(USA): $8.7 billion, +13%, $SKX

New Balance*(USA): $7.8 bn, unlisted

Under Armour*(USA): $5.4 billion, -6%, $UAA (-4,5 %)

Deckers Brands**(USA): $4.6 billion, +17%, $DECK (+0,37 %)

ASICS*(Japan): $4.1 billion , +16%, $7936 (+2,13 %)

Li Ning*(China): $3.9 bn, +2%, $2331 (+1,68 %)

On Holding**(Switzerland): $2.5 billion, +32%, $ONON (+1,07 %)

Despite all its problems, Nike is still twice as big as Adidas and somewhat as big as its four main competitors (Adidas, Anta Sports, Puma, New Balance) combined. together.

The Nike share is currently in a 60% drawdown (the worst in 25 years) and is roughly at the level of the COVID-19 low in March 2020.

Attractive risk-reward ratio?

Is Nike a buy, hold or sell for you?

*Main competitor

**Competitor in certain segments

These are the current Upgrades🟩 for this Monday, the September 18, 2023.

• $AGNC (+0,7 %)
  UBS downgrades from "Neutral" to "Buy", with a Target price of $11.50 (previously $10.50).🟩

• $AIN (+0,84 %)
  TD Cowen Downgrades from "Market Perform" to "Outperform", with a Target price from $106 (previously $100).🟩

• $AYX
  Morgan Stanley downgrades from "Equalweight" to "Overweight", with no change in price target.🟩

• $BCRX (+2,7 %)
  RBC Capital downgrades from "Sector Perform" to "Outperform", with a Target Price from $10 (previously $9).🟩

• $CVNA (+3,2 %)
  Wedbush downgrades from "Underperform" to "Neutral", with a Target Price of $48 (previously $40).🟩

• $DASH (+2,26 %)
  Mizuho Securities downgrades from "Neutral" to "Buy", with a Target price of $105 (previously $90).🟩

• $ESAB (+6,05 %)
  BofA Securities downgrades from "Neutral" to "Buy", with a Target price of $89 (previously $61).🟩

• $IRDM (+6,41 %)
  Deutsche Bank downgrades from "Hold" to "Buy", with no change in price target.🟩

• $JKHY (-3,28 %)
  Northcoast Research downgrades from "Neutral" to "Buy", with a price target of $185.🟩

• $KIM (+0,44 %)
  Mizuho Securities downgrades from "Neutral" to "Buy", with a price target of $20.🟩

• $LHX (+1,85 %)
  Wells Fargo downgrades from "Equal Weight" to "Overweight", with a price target of $209 (previously $204).🟩

• $LMT (-0,68 %)
  Wells Fargo Downgrades from "Underweight" to "Equal Weight", with a Target Price from $440 (previously $433).🟩

• $MU (+4,29 %)
  Deutsche Bank downgrades from "Hold" to "Buy", with a Target price of $85 (previously $65).🟩

• -$NLY (+1,1 %)
  UBS downgrades from "Neutral" to "Buy", with a Target price of $24 (previously $21).🟩

• $ONCT
  H.C. Wainwright downgrades from "Neutral" to "Buy", with a Target price of $2.🟩

• $PB (+0,78 %)
  Hovde Group Downgrades from "Market Perform" to "Outperform".🟩

• $RL (+1,07 %)
  Guggenheim downgrades from "Neutral" to "Buy", with a Target price of $166.🟩

• $SKX
  Piper Sandler Downgrades from "Neutral" to "Overweight", with a Target Price of $59 (previously $54).🟩

• $SMPL
  Morgan Stanley downgrades from "Equalweight" to "Overweight", with a price target of $40 (previously $37).🟩

• $ZIM (+2,35 %)
  JPMorgan downgrades from "Neutral" to "Overweight", with a price target of $15.40.🟩

$SKX

what do you think of it? Everyone is wearing them at the moment and you get the impression that they are taking over the market. Especially with the ever worsening economic situation of the people, such cheap brands will gain more and more market share.

Figures from day times summarized...

Freshly edited after 10 p.m., below... ⤵️

As announced in my post today:

https://app.getquin.com/activity/NANZSkDukX?lang=de&utm_source=sharing

there is a lot to report today. Let me summarize some important numbers for you:

$HYQ (-3,42 %)
Hypoport:

expects revenue to decline by six percent to €105 million in the third quarter based on preliminary figures. EBIT is expected to decrease by 95 percent to 0.5 million. The Management Board has initiated measures to adjust the cost level to the current weak market environment. The results of these measures will take effect from the first quarter of 2023.

$KO (+1,07 %)
Coca-Cola:

Posts Q3 revenue of $11.1 billion (PY: $10.0 billion, analyst forecast: $10.52 billion) and adjusted earnings per share of $0.69 (PY: $0.65, forecast: $0.64). In its outlook for 2022, Coca-Cola now expects organic sales growth of 14% to 15% (previously: 12% to 13%).

$8GMA
General Motors Co:

Surpassed analyst estimates of $1.89 in third-quarter earnings per share of $2.25. Revenue of $41.89 billion beat expectations of $41.72 billion.

$MMM (-0,24 %)
3M Co:

Third-quarter earnings per share of $2.69 beat analyst estimates of $2.62. Revenue of $8.6 billion below expectations of $8.75 billion.

$GEC
General Electric Co:

Missed analyst estimates of $0.50 in the third quarter with earnings per share of $0.35. Sales of $19.1 billion exceeded expectations of $18.55 billion.

$COVTY (+0,67 %)
Covestro:

Posts Q3 sales of €4.6 billion (PY: €4.3 billion, analyst forecast: €4.33 billion), Ebitda of €302 million (PY: €862 million, forecast: €320 million), free operating cash flow of €33 million (PY: €381 million) and net income of €12 million (PY: €472 million, forecast: €40 million). In the outlook for 2022, the company now expects free operating cash flow of €0 to €100 million (previous: €0 to €500 million, forecast: €29 million) and Ebitda of €1.7 to €1.8 billion (previous: €1.7 to €2.2 billion, forecast: €1.83 billion), high gas price impacts forecast.

$SAP (-2,06 %)
SAP:

3rd quarter sales of €7.84 billion Q3 revenue of €7.84 billion (previous year: €6.85 billion, forecast: €7.6 billion), cloud revenue of €3.29 billion (previous year: €2.38 billion, forecast: €3.19 billion), license revenue of €406 million (previous year: €657 million, forecast: €454 million), operating profit of €1.239 billion (PY: €1.249 billion), and profit after tax of €547 million (PY: €1.42 billion, forecast: €790 million). In the outlook, SAP confirms medium-term targets until 2025 and outlook for 2022 for revenue and operating profit, outlook for free cash flow for 2022 lowered to around €4.5 billion (previously: over €4.5 billion).

$NVS (+0,34 %)
Novartis:

Posts Q3 sales of $12.54 billion (PY: $13.03 billion), operating income of $2.16 billion (PY: $3.23 billion), net income of $1.57 billion (PY: $1.75 billion), core operating income of $4.28 billion (PY: $4.46 billion). Group guidance for fiscal 2022 confirmed.

$MSFT (+1,88 %)
Microsoft:

First-quarter earnings per share of $2.35 beat analyst estimates of $2.32. Revenue of $50.1 billion exceeded expectations of $49.86 billion.

$GOOGL (+3,19 %)
Alphabet:

Misses analyst estimates of $1.28 in the third quarter with earnings per share of $1.06. Revenue of $69.09 billion below expectations of $71.34 billion.

$V (+1,3 %)
Visa:

Beats fourth-quarter analyst estimates of $1.87 with earnings per share of $1.93. Revenue of $7.8 billion beats expectations of $7.57 billion.

$TXN (-0,6 %)
Texas Instruments:

Beats third-quarter analyst estimates of $2.39 with earnings per share of $2.45. Revenue of $5.24 billion beats expectations of $5.14 billion.

$SKX
Skechers:

Missed analyst estimates of $0.73 in the third quarter with earnings per share of $0.64. Revenue of $1.88 billion beat expectations of $1.81 billion.

$CMG (-1,2 %)
Chipotle Mexican Grill:

Beats third-quarter analyst estimates of $9.17 with earnings per share of $9.51. Revenue of $2.2 billion below expectations of $2.23 billion.

Phew that was really ne a lot today and the next 2 days it will continue to go so strong!