This week we saw the stock market hit all-time highs.
On Monday, Dec. 16th : Advanced Micro Devices, Inc. (AMD) closed at $42.33 and on Friday, Dec. 20th it closed at $44.15
On Monday, Dec. 16th : Texas Instruments, Inc. (TXN) closed at $127.08 and on Friday, Dec. 20th it closed at $128.95
On Thursday, Dec. 19th Nike, Inc. (NKE) released its Q2 2020 earning report. The company reported top-line revenue of $10.3 billion. This compares to year-ago revenues of $9.3 billion.
The Nike earnings report also includes a net income of $1.1 billion. That’s a 32.2% increase from the company’s net income of $847 million in the same period of the year prior.
As a result of these positive earnings, shares of Nike stock are up 42.5% year to date.
The reason for this growth is due to the company’s extraordinary success in its digital growth.
In so far as the Wealthy Investor approach, NKE is a great “date” for 2020.
Stay focused. Stay positive.
Tyrone JacksonThe Wealthy Investor
