New Kicks: Blowout Earnings From Nike Offer Clues On Consumer Strength
New Kicks: Blowout Earnings From Nike Offer Clues On Consumer Strength
Getty Images
Getty Images
Key Takeaways:
Nike's
NKE
online sales jump by a whopping 82%
Tesla
TSLA
gets several price-target upgrades, but investors generally disappointed with Battery Day
Fed Chairman Jerome Powell scheduled to continue congressional testimony
Investors seem to be lacing up their jogging shoes this morning, running toward equities as a bumper earnings report from Nike (NKE) apparently is helping give the market a runner's high.
After the close yesterday, NKE hit the cover off the ball with earnings that far surpassed expectations and revenue that also topped forecasts. The athletic apparel and footwear maker saw revenue in China rise