Diamonds and Dogs
Let's get in shape today and, Just Do It with today's diamond, Nike (NKE). Nike is up over 8% today thanks to stronger than expected earnings. Unlike most companies preannouncing bad earnings due to slowing business in China, Nike was able to easily beat estimates thanks to strong sales out of China. I guess the retail space in China remains strong. Deutsche Bank analysist raised his target price on Nike to $140 from $125. So far 2015 has been kind to Nike as the best performing Dow component year to date.
No medals for shareholders at Finish Line (FINL). The sneaker and apparel company dropped 19% following disappointing earnings today. The CEO recognizes its crunch time with the holiday season approaching. The CEO also acknowledged its put up or shut up time or else he may be out of a job. Maybe they need to sell more Nike shoes and apparel or open stores in China.