LikeFolio's Megan Brantley says Nike (NKE) demand is rising but off a very low bar, with about a third of its U.S. catalog on sale and promotional activity accelerating. She sees running lines like Vomero and Pegasus as the brightest spot as Nike courts runners back from Hoka and On Holding (ONON), while lifestyle, sneakers, and Jordan Brand continue to struggle. LikeFolio's earnings sentiment score sits at a cautiously bearish negative, though rising short interest could set up a short squeeze.