Welcome to the Halftime Report. Im melissa lee in today for scott wapner top trade this hour, nike just did it the Worlds Largest Footwear Company posting strong earnings. The street buying the stock hand over phys today. With us for the hour, josh brown, Jim Leventhal, jon najari najarian, head of Global Investments at ubs shares of nike are rallying. Jim, you own it. Are you buying more . I bought a little bit more. I was hoping to load up the boat today, but i just cant, for two reasons. And i would love to get jays opinion on this, but its up 9 today. Im not going to go chasing it i think it will go higher from here, but the question is, i thought the Earnings Quality was really kind of low you had Gross Margins that went do down you had revenues that were okay, but a tax rate beat. So whyd you buy a little when the stock was up so much when youre throwing shade on the quality of earnings . Ive got a lot of dry powder left to go in this name. Im not going to buy it all today. Look,
We need to acknowledge that theres an any dynamic in the market. In Many Industries what were seeing is that whoever makes the best use of the internet wins and i stand here at earnings season, talking about whether companys got better earnings, by for a lot of companies, the issue is survival. And their survival might very well depend on how well theyre a age to integrate technology. And i know boy, its a little cheesy. Prices drop as you shop but you can beat amazons prices. You can, something no one else has been able to do. That means you can be a potent arrow in walmarts quiver. It just has to be there. And the ceo is determined to make that happen. Think about the tremendous challenges. Walmarts capable of offering tremendous low prices. Theyre buying so low they can roll any supplier. Think about all the Sales Associates and managers plus the leases and construction, which makes it hard to compete against a purely webbased retailer like amazon. Ever since he told shareholders la
And i stand here at earnings season, talking about whether companys got better earnings, by for a lot of companies, the issue is survival. And their survival might very well depend on how well theyre able to integrate technology. And i know boy, its a little cheesy. Prices drop as you shop but you can beat amazons prices. You can, something no one else has been able to do. That means you can be a potent arrow in walmarts quiver. It just has to be there. And the ceo is determined to think about the tremendous challenges. Walmarts capable of offering tremendous low prices. Theyre buying so low they can roll any supplier. Think about all the Sales Associates and managers plus the leases and construction, which makes it hard to compete against a purely webbased retailer like amazon. Ever since he told shareholders quote, must stop talking about digital and physical retail as if theyre two different things. His order online and pick up strategy is a good one, but its not unique. He needs so
Phil knight stays out of the public eye. But his company is have much in your face. A steering 2 billion in sales. Unmatched by any company on the globe. Knight chronicles his life in a memoir called shoe dog. He told me his idea to create nike in 1964 had a lot of daughters. Who called it crazy plan first . That was my fathers reaction. I summed it up in the book that way. But most people thought it was crazy. When it got going a little bit, people in portland, oregon, it was a small city atmosphere in a large city, he said knight has a stanford nba bys selling japanese sneakers. My College Professor i wrought paper for didnt think it was crazy. My first sport was baseball. But i got cut from the baseball team. I was the last guy cut in a 25man team. If i had made that team, where with we be today. We wouldnt be sitting here talking today. Greta and it hurt. It still about they ares me. And my mother said finally she said thats enough of moping around the house, go out for track or ge
Phil knight stays out of the public eye. But his company is have much in your face. A steering 2 billion in sales. Unmatched by any company on the globe. Knight chronicles his life in a memoir called shoe dog. He told me his idea to create nike in 1964 had a lot of daughters. Who called it crazy plan first . That was my fathers reaction. I summed it up in the book that way. But most people thought it was crazy. When it got going a little bit, people in portland, oregon, it was a small city atmosphere in a large city, he said knight has a stanford nba bys selling japanese sneakers. My College Professor i wrought paper for didnt think it was crazy. My first sport was baseball. But i got cut from the baseball team. I was the last guy cut in a 25man team. If i had made that team, where with we be today. We wouldnt be sitting here talking today. Greta and it hurt. It still about they ares me. And my mother said finally she said thats enough of moping around the house, go out for track or ge