Micron Shares Rising, Nike Earnings on Tap, and Virgin Galactic’s Commercial Launch 6/29/23
Morning Call
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Nike's Equity Story to Work Mid-Term
China is a strong, strong part of the revenue picture for Nike. We do expect an acceleration for the China region in this period that is supported by EZ Comps. The street just simply doesn't expect or estimate that Nike can get back to those numbers. If you want to be bullish on this name and you can believe that the margins can get to the levels that they suggested they could do a few years ago, then that's where the upside comes from.
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