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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.

Source: MarketWatch.com

Date: Sep 27, 2013

Link: http://blogs.marketwatch.com/behindthestorefront/2013/09/27/nike-does-it-again-shares-hit-a-record-high/

Questions for Discussions:

  • What is basis for Nike stock rise?
  • Do you believe it will be able to maintain a presence on the Dow?

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