Top Ten: Weekend roundup: Nike’s good fit with Kaepernick | Apple’s new product cycle |Next financial crisis
MarketWatch rounds up 10 of its most interesting topics over the past week.
1. Nike does perfectly well with Kaepernick
On Sept. 4, after Nike NKE, +0.57% announced that Colin Kaepernick would be the face of its 30th anniversary “Just do It” advertising campaign, shares of Nike decline 3% for the day, causing a typical slew of inflammatory headlines. But a price decline on any given day may reflect the action of a very small minority of investors, and a 3% decline doesn’t mean much in the context of Nike shares already up 31% for 2018.
Indeed, Nike’s stock price soon returned to record levels. The real story is an increase in sales for the company and plenty of love from analysts:
• Nike’s online sales jumped 31% after company unveiled Kaepernick campaign, data show
• Nike upgraded in face of Colin Kaepernick advertising controversy
• Nike stock price target hiked at Wedbush as analyst cheers ‘resurgent iconic American, global brand’
• Foot Locker shares rise after it’s upgraded on boost from Nike
• Here’s what Twitter data say about the Nike boycott
• Walmart’s Jet.com revamps its shopping experience, announces Nike partnership
2. Apple unveils new chips, iPhones and watch
As part of the iPhone maker’s annual rollout of updated products, Apple AAPL, +2.42% touted the new A12 Bionic chip, developed by the company and not Intel INTC, +1.42% or Advanced Micro Devices AMD, -5.37% .
Here’s a summary of Apple coverage from the annual iPhone party on Wednesday:
• Everything Apple just announced at its iPhone event
• iPhone XR creates some drama for Apple’s new lineup
• There’s now a $ 1,000 gulf between Apple’s cheapest and most expensive iPhones
• Why would anybody buy the iPhone XS?
• Apple Watch wants to monitor your heart’s health — and cardiologists say it could make you worry instead
3. Another anniversary — the 2008 financial crisis
Ten years after the credit crisis, Ray Dalio predicts the next financial crisis will be even worse.
Here’s more coverage of the crisis aftermath and predictions about the next one:
• Nouriel Roubini: 10 reasons why conditions will be ripe for a financial crisis by 2020
• These 4 called the last financial crisis. Here’s what they see causing the next one
• Here’s what J.P. Morgan says could cause the next financial crisis
4. A contrarian stock play
Longtime Tesla TSLA, -0.37% shareholders are used to volatility. But this time is different, according to Jeff Reeves, who makes the case for buying shares of another auto maker. GM, +0.56%
5. Innocent until proven guilty, but investors need to learn how pump-and-dump schemes work
Teva Pharmaceuticals TEVA, +0.05% Chairman Phillip Frost has been accused of fraud by the Securities and Exchange Commission over an alleged scheme involving shares of Opko Health OPK, -18.01% which he also leads.
6. Surprising information about the U.S-China trade conflict
If you are worried about President Trump’s targeting of China on trade, read this.
7. Everyone should watch their sugar intake
It’s not only important for diabetics.
8. Tax tips for retirement planning
Here are three big tax mistakes to avoid as you plan for retirement.
9. Guess who’s competing with Salesforce.com?
Salesforce.com CRM, +1.81% dominates the market for customer-management software. But its up-and-coming competitor might surprise you.
10. Amazon’s Whole Foods purchase hasn’t changed the supermarket business — yet
A year after Amazon.com’s AMZN, -0.01% purchase of Whole Foods, prices at the premium food retailer haven’t declined.
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