As it relates to the stock market, the biggest story of the week was Nike, Inc. (NKE). Nike Inc. released its earnings report on Tuesday, Sept. 24th with top-line revenue of $10.7 billion for the quarter.
Product innovation, like a new Joyride running shoe, and a stronger e-commerce business helped boost results.
Online sales were up 42% during the quarter and Nike’s women’s business grew at a double-digit clip. Nike also had its biggest back-to-school season ever for kids.
Thursday, Oct. 1st will kick off the Q3 earnings season and I will keep you posted as to Q3 winning and losing “dates.” Remember in the WI program we don’t fall in love or marry stocks we just date them!
As we head into Q3 earnings season stay open, stay positive.
Tyrone Jackson
The Wealthy Investor
