Fast Money Blog- 3/25/22

The last four trading days the stock market saw stocks like Apple, Inc. (AAPL), Advanced Micro Devices, Inc. (AMD), and Amazon.com, Inc. (AMZN). Overall, the U.S. stock market has resumed its bullish nature despite the confine between Russia and Ukraine.

In other news, on Monday, March 21st, Nike, Inc. (NKE) released its financial results for Q3 2022.

The company posted top-line revenue of $10.9 billion, which is a 5% increase year-over-year.

Nike Brand Direct sales were $4.6 billion, a growth of 15% year-over-year, while Nike Brand Digital sales increased 19% year-over-year.

Nike also has continued to increase dividend payouts to share holders with a dividend total for the quarter of $484 million, up 12% from the prior year.

Nike Q3 results are more than impressive. I expect the shares to continue to rise to it’s 52 week high over the next six months.

If you are following Wealthy Investor discipline you have nothing to worry about.

Stay Open! Stay Positive!

Tyrone Jackson

The Wealthy Investor