Latest Research Reports on Stocks to Watch Nike and Twitter

NEW YORK, NY / ACCESSWIRE / December 22, 2016 / On Wednesday, the Dow Jones Industrial Average fell slightly to close at 19,941.96, while the S&P 500 Index fell 0.25 percent to close at 2,265.18. If the Dow was to reach the 20,000 mark before Christmas, it would be the shortest period of time between 1,000 point gains in the index’s history, according to Bespoke Investment Group.

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“We’ve ticked through everybody’s worries this year—Brexit, the U.S. election, the Italian referendum—and all the while, here we are higher,” said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company.

Nike Inc. (NYSE: NKE)

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Nike’s shares gained 0.97 percent to close at $52.30 a share Wednesday. The stock traded between $51.55 and $53.35 on volume of 23.21 million shares traded. The company reported revenues were $8.18 billion for the second quarter of fiscal 2017, an increase of 6 percent year-over-year and topping analysts’ estimates of $8.09 billion. Adjusted earnings were $0.50 per share for the fiscal second quarter, up 11 percent year-over-year and easily beating analysts’ expectations of $0.43 per share. “Nike’s ability to attack the opportunities that consistently drive growth over the near and long term is what sets us apart,” said Mark Parker, chairman, president, and chief executive officer of Nike. “With industry-defining innovation platforms, highly anticipated signature basketball styles and more personalized retail experiences on the horizon, we are well-positioned to carry our momentum into the back half of the fiscal year and beyond.” Shares of Nike have fallen approximately 16.3 percent year-to-date and are up roughly 2.0 percent in the past month.

Twitter Inc. (NYSE: TWTR)

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Twitter Research Report at www.rdinvesting.com/company/TWTR.

Twitter’s shares fell 4.69 percent to close at $17.08 a share Wednesday. The stock traded between $17.01 and $17.55 on volume of 34.35 million shares traded. On Tuesday, Adam Messinger, Twitter’s Chief Technology Officer, tweeted he had decided to leave the company and take some time off. Additionally, Josh McFarland, Twitter’s V.P. of product, announced he would also be leaving the company to join venture-capital firm Greylock Partners. Twitter has continued to lose key executives in 2016 as just last month Chief Operating Officer Adam Bain also announced his departure from the company. Shares of Twitter have fallen approximately 26.2 percent year-to-date and are down roughly 8.2 percent in the past month.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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