Group 1 - Nike is expected to report fiscal Q1 earnings on September 30, 2025, with projected earnings of 26 cents per share and revenue of $10.99 billion, indicating a 63% year-over-year decrease in earnings and a 5% decline in sales compared to the previous year [2] - Historical data shows that Nike's stock has fallen 63% of the time after earnings announcements, with a median one-day decrease of 6.5% and a maximum decline of 20% [2] - The company anticipates a mid-single-digit revenue reduction and a 350–425 basis points impact on gross margin, including around 100 basis points from new U.S. tariffs [2] Group 2 - Nike's current market capitalization is $102 billion, with revenue over the last twelve months at $46 billion, operating profits of $3.7 billion, and a net income of $3.2 billion [2] - The success of Nike's "Win Now" turnaround strategy is deemed crucial to halt its decline amid challenges such as tariffs, aging inventory, and subdued demand in China [2] - Historical trends indicate that event-driven traders can benefit from understanding past earnings reactions, with positive one-day returns occurring approximately 37% of the time over the past five years [3][5]

Group 1 - The article discusses the underperformance of Crocs (CROX) stock compared to the S&P 500 year-to-date, despite a previous "buy" rating [1] - The author highlights the investment strategy of a boutique family office fund led by Amrita, focusing on sustainable, growth-driven companies that maximize shareholder equity [1] - Amrita's background includes five years in high-growth supply-chain start-ups and collaboration with venture capital firms, emphasizing her expertise in maximizing returns during the pandemic [1] Group 2 - The newsletter "The Pragmatic Optimist," co-founded by Amrita, aims to democratize financial literacy and simplify complex macroeconomic concepts for better understanding [1] - The newsletter has been recognized as a top finance newsletter on popular platforms, indicating its influence and reach in the investment community [1]

Core Viewpoint - The return of President Trump to the White House is seen as a positive development for the gold market, with several key factors likely to support gold prices in the coming months, potentially making gold a core asset class in investors' portfolios [1]. Group 1: Central Bank Demand - There is a significant increase in demand for gold from central banks, particularly from BRICS nations like China and India, as part of a broader strategy to de-dollarize [1]. - The People's Bank of China has been accumulating gold reserves for eight consecutive months, indicating a weakening confidence in the US dollar [1]. Group 2: De-dollarization and Trade Policies - Trump's global tariff policies are accelerating the de-dollarization process, reducing reliance on the US dollar as a reserve currency [2]. - The decline in credit quality of developed countries, including the US, is raising concerns in the market, especially after Moody's downgraded the US credit rating [2]. - Trade policies, such as large budget deficits or increased tariffs, are expected to decrease demand for US Treasury bonds, thereby supporting gold prices [2]. Group 3: Interest in Gold ETFs - The decline in yields on 2-year and 10-year US Treasury bonds, along with inflationary pressures, is reducing the opportunity cost of holding gold, leading to a resurgence of interest in gold ETFs and other alternatives [3]. - In the first half of 2025, North America led the global inflow of funds into gold ETFs, with a total inflow of $38 billion in the first half of this year, marking the strongest performance since the first half of 2020 [3]. Group 4: Technical Indicators and Market Sentiment - Gold prices have remained above $3,250 per ounce for most of June, indicating potential upward momentum as market volatility returns [3]. - The current macroeconomic environment supports the view that gold is not just a crisis hedge but is becoming a core asset class in modern investment strategies [3].