Description: Nike Inc. NKE has delivered again. Its shares, which debuted as a part of the Dow Jones Industrial Average on Monday, jumped 5% Friday to a record $74 after the company late Thursday reported a better-than-expected fiscal first-quarter profit amid stronger-than-expected sales. The company’s upside was even more notable in a retail environment where many apparel retailers have disappointed.
Date: Sep 27, 2013
Questions for Discussions:
- What is basis for Nike stock rise?
- Do you believe it will be able to maintain a presence on the Dow?