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Nike Could Beat Q2 Expectations, But Global Economic Issues Loom

Nike today is slated to report Q2 numbers after the market closes, and the company is "likely to leap over earnings expectations yet again," which would be "the 28th time out of the past 30 quarters." Nike's "sportswear seems to be as hot as ever and its technology keeps giving competitors more than a run for their money," but "global economic woes matter." The economies and currencies of Mexico, Brazil, Russia, Turkey and Argentina are looking "in some cases far weaker" than at the end of Q1 in August (WALL STREET JOURNAL, 12/18).

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