Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
1. Nike's stock rose 17% after a better-than-expected earnings report. 2. CEO Hill assures investors turnaround efforts are progressing despite poor sales metrics. 3. HSBC upgrades Nike to 'buy', indicating potential 28% price upside. 4. Sales for classic products like Dunks and Air Jordans have dropped over 20%. 5. Profit margins will remain under pressure due to inventory and tariff issues.