Amid Nike's Worst Drawdown Since late 70s, UBS Flags Emerging Bullish Signals

Nike was thrust into the news flow earlier this week after Apple CEO Tim Cook placed a buy order for 50,000 Class B shares at a weighted average price of $58.97. The stock has been locked in a four-year bear market, as recent earnings data point to softer demand in China and mixed channel trends in North America.Looking past all the gloom, UBS analyst Jay Sole told clients Friday about UBS Evidence Lab's latest global sportswear survey, which points to "bullish" trends for Nike.Sole said the survey suggests ...