Nike’s Earnings Miss, Japan’s Semiconductor Purchase, and Markets in the Second Half of 2023 6/30/23
Morning Call
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Introduction
Markets are set to close out a strong first half of the year with the Nasdaq Boys and Ojibs best for six months and get this 40 years. A very different story for shares of Nike this morning under pressure ahead of the opening bell after the apparel giant notched its first earnings miss in three years. Fresh economic worries emerging out of China just days after leaders suggested stronger days are coming for the world power.
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