When it comes to athletic retailers, Nike (NKE) is a man among boys. With a market capitalization of more than $77 billion, it is nearly twice the size of its largest competitor, Adidas (ADDDF), and almost 5x bigger than Under Armour (UA). Because of this advantage, Nike’s annual revenues exceed almost $29 billion and its stock is currently trading at all-time highs of roughly $90.
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Invest In Change
Do you want to start investing in the stock market? Do you want your money to consistently grow? Are you held back by fear and confusion? If you answered “yes” to any of these questions, we encourage you to research a new investing app called Acorns. It’s a low risk, automated money management platform that introduces young investors to the many aspects of trading.
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Ellison No Longer An Oracle
Last Thursday, former two-time college dropout Larry Ellison, now the world's fifth richest man, announced he was immediately resigning from his CEO position at Oracle (ORCL). The company, which he founded 37 years ago, has established itself as the premier business solutions provider since the late 1970s. However, in recent years, Oracle has struggled to adapt to the rapid expansion of cloud storage and evolving digital business infrastructure demands.
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Driverless Cars Not Far Off
Earlier this week, Tesla (TSLA) CEO Elon Musk said that Tesla cars could run on “full autopilot” within the next 5 years. This claim comes much sooner than most experts were predicting, many of whom emphasize self-driving cars won't be commercialized until 2025.
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War Of The Smart Watches
Apple’s (AAPL) highly anticipated iPhone 6 debut has come and gone. On Tuesday, September 9th, CEO Tim Cook, and other top executives, took the stage in Cupertino to unveil the next generation iPhone (the iPhone 6 and iPhone 6 Plus) and new iOS 8 platform. Upon conclusion of this expected announcement, Cook reemerged on stage and nonchalantly uttered Steve Jobs' three iconic words: "One. More. Thing."
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Buffett's $200,000 Stock
Just weeks ago, on August 14, Class A shares of American conglomerate Berkshire Hathaway (BRK-A) surpassed $200,000. Yes, you read that right, $200,000: making Berkshire Hathaway the single most expensive stock traded on U.S. markets. The current price of these Class A shares alone is impressive; however, when you consider that in 1967 the company traded at $33 per share, this milestone is downright insane.
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An Organic Problem
No matter what you do, it's impossible to escape popular trends; organic products are everywhere and are waging war against what was once known as "common food." From your favorite restaurant to the neighborhood supermarket, these additive-free products are inescapable. In fact, according to the Organic Trade Association, organic food sales increased 11.5% in 2013, to $35.1 billion.
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