3 major catalysts in store for Nike
The company's second-quarter earnings beat expectations, and there's even more opportunity in store.
The global apparel giant saw an increase in profits, thanks in part to strong demand in the United States as well as several international markets. Nike announced revenue of $6.43 billion, with earnings per share of $0.59. Analysts had been expected revenue to come in at $6.44 billion, with $0.58 in earnings per share.
Motley Fool analyst Charly Travers thinks this was a strong quarter for Nike. The company is investing in innovation and new products to grow the business. The Winter Olympics, the Super Bowl, and the World Cup are also poised to be positive catalysts for Nike.
Nike shares are up over 50% year to date, and just recently tapped an all-time high. Charly thinks this stock is worth the price, and might even be a good choice for income investors.
The Motley Fool's 12 top stocks for 2013 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor's Guide to the Year Ahead.
It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross's top stock for 2013! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, free report, just click here now.
Copyright © 2014 Microsoft. All rights reserved.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.