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Yahoo Finance Live anchor Ines Ferre explains the three things you need to know for the week of March 20.
Interest in luxury fashion is fading, said RBC, with sporting goods coming into focus. Investor sentiment has normalised across luxury brands, with the market impacted by China's growth compared to the rest of the world, the speed of Chinese travel recovery, pricing support and margin sustainability at LVMH and Richemont.
Nike's sales in China are trending slightly above total growth in that nation's sportswear category this year, Bernstein says.
NIKE's (NKE) Q3 results are expected to reflect gains from strong demand, compelling products, and robust performance in its digital and DTC businesses, offset by higher costs.
Nike reports Q3 earnings on March 21st. Gross margins, China and fledgling competition could impact the company in a positive way.
Nike (NKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Among the best stocks to watch in the new market correction, Dow Jones leader Nike and Facebook-parent Meta show buy points. The post Dow Jones Leader Nike And Two Top Stocks To Watch In Market Correction appeared first on Investor's Business Daily.
Nike continues to see double-digit growth. China, Asia, the Middle East, Africa, and North America all continue to push sales higher.
Shares of Nike are trading for almost 40 times forward earnings. Nike is still the leading sports brand in the world.
Investors who followed my last calls on NKE could top their return at over 48% profit over the past few months. The stock is likely heading into more weakness while investors could wait and see if support may build up.