Nike's Earnings Signal End Of Long Decline, First Sign Of Buy On The Dip Potential

Nike's (NYSE:NKE) latest results reinforced the base strength of a company challenged by market conditions to still generate a hefty upside gain of $15 a share, bringing it to $71 at this writing. Pre-earnings release this month, Nike was holding fast in the $60s. Most industry observers came down on the bearish side, citing fading China sales, year-over-year declines in US brand dominance, and slowdowns in shoes and apparel. Then, of course, the impact of tariffs... as that story unfolds for investors and ...