Nike
Long

NKE - December 12, 2020

146
NKE reports earnings on December 18th after market close. EPS forecasts are $0.61 down from the reported $0.7 last quarter. With strong demand for online sales and a recent surge in the stock's price to a new $140.45 ATH, look for NKE to surge in the lead up to earnings. The strength of the brand's international presence could drive a significant earnings beat this quarter. Good RR setup here on this trade.

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