Shares ofNike Inc(NYSE:NKE) dropped around 19% throughout 2016, according to data provided byS&P Global Market Intelligence,making it the worst-performing stock in the Dow during the year. The behemoth athletic wear maker has had difficulty during the year with slowing sales growth and declining margins — but mostly it struggled to regain positive sentiment from Wall Street for the impressive moves it’s been making.
In the company’s fiscal Q2 earnings released on Dec. 20, Nike announced sales growth of 6% year over year and earnings up 11%. Both metrics failed to help alleviate worries on Wall Street throughout 2016 that the company’s future sales and earnings might not have growth catalysts to drive higher returns. Two of the biggest concerns throughout the year have been decreasing gross margin and slowing futures order sales — though the company has noted that futures orders don’t accurately reflect sales potential because they don’t include direct-to-consumer sales estimates. This led Nike to announce in fiscal Q1 that it would stop reporting futures orders figures going forward.
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- [By Zacks]
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Top 5 Performing Stocks To Buy Right Now: Safe Bulkers Inc(SB)
- [By Ben Levisohn]
StarBulk Carriers (SBLK) and Safe Bulkers (SB) have more than tripled during the past 12 months, while Golden Ocean Group (GOGL) has more than doubled. So it must be time for an upgrade right?
- [By Elizabeth Balboa]
Meanwhile, Safe Bulkers, Inc. (NYSE: SB) rose $0.73 throughout the 2016, Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) fell $1.69 and Navios Maritime Partners L.P. (NYSE: NMM) dropped $0.93.
Top 5 Performing Stocks To Buy Right Now: LivaNova PLC(LIVN)
- [By Jim Robertson]
On Tuesday, our Elite Opportunity Pronewsletter suggested small cap medical technology stock LivaNova PLC (NASDAQ: LIVN):
From a fundamental perspective, LIVN currently offers investors with a potentially nice opportunity on both a short and long-term basis. With a $2.37B market cap, this pure mid-cap play currently trades at a forward P/E of just over 14 and a five year PEG of just 1.15. The Company is also projected to grow their bottom line from this year to next by as much as 14%
Top 5 Performing Stocks To Buy Right Now: ADDvantage Technologies Group, Inc.(AEY)
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggestedshorting small cap cable television and telecommunications equipment stock ADDvantage Technologies Group, Inc (NASDAQ: AEY):
Top 5 Performing Stocks To Buy Right Now: Sina Corporation(SINA)
- [By Leo Sun]
Warren Buffett famously told investors to be “fearful when others are greedy, and greedy when others are fearful.” Dedicated followers of that mantra would probably dismiss Chinese online media giant SINA (NASDAQ:SINA) — which rallied 120% over the past 12 months to a six-year high — as a “greedy” play.
- [By Shanthi Rexaline]
SINA Corp (NASDAQ: SINA), which has a stake in Weibo, also tumbled.
Weibo confirmed that the State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China or SAPPRFT has ordered local authorities to take measures to suspend audio and video services of some internet companies.
- [By Ezra Schwarzbaum]
It was quickly followed by two other Chinese social media sites: SINA Corp (NASDAQ: SINA) and Momo Inc (ADR) (NASDAQ: MOMO).
Weibo issued a press release later in the day saying it would cooperate with the State Administration of Press, Publication, Radio, Film and Television.
- [By Steve Symington]
Shares ofSINA Corporation(NASDAQ:SINA)rose 25.8% in 2016,according to data from S&P Global Market Intelligence, following a pair of stronger-than-expected quarterly reports from the Chinese internet leader in the second half.