Buy Nike Stock After Crushing Its Q1 Expectations?
Crushing expectations for its fiscal first quarter after market hours on Tuesday, Nike (NKE) stock spiked over +6% in today’s trading session.Despite weaker digital sales and ongoing challenges in China due to higher tariffs, Nike’s strong Q1 results were driven by a combination of favorable wholesale distribution, growth in its core North American segment, and effective cost management.That said, investors may be wondering if they should chase the post-earnings surge in Nike stock, with NKE moving closer ...