Nike’s Q2 Online Sales Booming Its Bottom Line

Commenting on Nike’s Q2 2020 and its booming online sales, and today’s trading Gorilla Trades strategist Ken Berman wrote in a note to investors:Q2 2020 hedge fund letters, conferences and moreNike’s Booming Online SalesThe major indices are all trading lower at midday following a mixed start to the session, as selling resumed in the largest tech names following a two-day bounce in the sector. Bulls are eyeing the large-cap benchmarks’ 50-day moving averages again, which turned into technical resistance after acting as support last week. Nike’s (NKE, +9.2%) much better-than-expected quarterly …

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