Nike Stock News

Three S&P 500 ccompanies in different stages of comebacks show why it's important to pay attention to corporate turnounds.

Nike's stock has fallen for years, dragged lower by downbeat results, disappointing outlooks and a challenging macroeconomic backdrop. That has set up a situation where it looked like investors were awaiting clear signs of a turnaround before getting back on board—a prudent approach to a beaten-down stock.

The stock presents the most compelling risk/reward situation among its peers.

Nike's (NKE) Jordan brand is gaining ground among sneaker resellers, offering an “encouraging” signal for a business still struggling to regain its footing. Citi's tracking showed Nike captured 72.3% of resale volume in September, a 63bps increase from August, with Jordan driving most of the improvement.

Larry McDonald says the S&P 500's record chasing is hiding lots of companies with sliding stocks. He has ideas on how to play that.

Stock futures are little changed this morning. Wall Street had a positive day yesterday. Here are five key things investors need to know to start the trading day

Earlier this month, Nike announced it is expanding into India, a move it said will help widen its global reach and tap into the growing market. Nike has experienced a yearslong slump and a sustained decline in China.

Some beaten-down consumer names are getting a boost as investors pull back from tech stocks.