Nike's Brand Intangible Asset Moat Source Remains Intact Despite Soft Futures Orders
While tepid futures orders, gross margin compression, and higher inventory levels are in focus after Nike's second-quarter update, we continue to see signs of a strong brand intangible asset, the key source behind our wide moat rating. In our view, average selling prices increases across most categories, improved basketball sales, and strong top-line momentum in China and other emerging markets suggest the brand remains on solid footing and helped to drive second-quarter revenue and EPS ahead of...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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