Nike Earnings Loom: Can Bullishness Continue?
NIKE(NKE) ZACKS·2024-09-24 08:26
Apparel titan Nike (NKE) is gearing up to reveal its next set of quarterly results next Tuesday, reflecting one of the earlier releases we’ll get in the Q3 cycle.The stock has been a big disappointment in 2024, down nearly 20% and reflecting one of the bigger large-cap underperformers. As shown below, shares have made a nice move off their lows, perhaps a signal of trend reversal.Image Source: Zacks Investment ResearchBut do earnings expectations warrant further near-term bullishness? Let’s take a closer lo ...