Nike Stock (Finally) Did It: Rallying After Earnings

Nike Inc (NYSE:NKE) is the best Dow stock by far today, last seen up 14.8% to trade at $71.85. The retail giant reported adjusted fiscal fourth-quarter earnings of 14 cents per share on $11.10 billion in revenue, both of which topped analyst estimates, and is headed for its first positive post-earnings session in seven quarters. Nike said the worst effects of turnaround efforts are over, but did estimate that the cost of tariffs could be $1 billion in the current fiscal year.Analysts have jumped on NKE in r ...