Nike's (NKE) earnings were released, yesterday December 20th. Alex Coffey and Jenny Horne discuss this as NKE beat on earnings coming in at $13.31B versus an estimated $12.61B. They talk about how NKE's direct sales are up 16% year-over-year, but margins fell. They also note that other athletic wear stocks such as Foot Locker (FL) and Lululemon (LULU) are also getting a boost from these results. They then go over how many analysts raised their price targets on NKE such as Raymond James, Deutsche Bank, and Morgan Stanley. Alex then demonstrates an example trade using NKE. The trade type is a buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.
21 Dec 2022