On Thursday June 29, Nike released earnings that beat estimates. They reported fourth-quarter profits and revenue that were boosted by sales outside the US. Sales in China were up 11% and 21% in emerging markets. Earnings were expected to be 50 cents a share. They came in at 60 cents. Revenue was expected to be $8.63 billion. It came in at $8.7 billion.
An investor posted some questions on the forum wondering about handling the Nike Stock trade ahead of earnings that I had placed.
This strategy discussion article explains the management of the Nike Stock trade entered on June 28. It also includes some discussion on how to boost this trade’s overall return.
The rest of this trade strategy article is for FullyInformed Members..
Nike Stock – Managing The Trade Ahead of Earnings from June 29 2017
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