North America Headwinds Unlikely to Abate Soon, but Wide-Moat Nike Remains Well Positioned Long-Term
With the market bracing for the worst after negative updates from other athletic apparel/footwear companies, Nike turned in a solid third quarter that reinforced our wide moat rating and our positive long-term outlook. While soft futures orders (down 4% on a reported basis and 1% on a currency-neutral basis), a fourth-quarter outlook calling for reported revenue growth slightly below that of the third quarter (implying less than 5%), and 150-175 basis points of gross margin compression amid heav...
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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