New Kicks: Blowout Earnings From Nike Offer Clues On Consumer Strength

  • Date: 23-Sep-2020
  • Source: Forbes
  • Sector:Retail
  • Country:GCC
  • Who else needs to know?

New Kicks: Blowout Earnings From Nike Offer Clues On Consumer Strength

Getty Images



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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