This apparel company is well-known for yoga pants and appealing to women. Could the company’s entry into golf and men’s apparel get a push with the addition of a new brand ambassador?
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Shares of Nike Inc (NYSE: NKE) Thursday spiked almost 5% after JPMorgan analysts said in a note to clients that the footwear and apparel leader expects China sales to grow.
U.S. indices fell Thursday to conclude the holiday-shortened week of trading amid continued concerns over Fed tapering in order to combat inflation. Investors also reacted to earnings from notable banks including Wells Fargo, Citigroup and Goldman Sachs.
Ninety-one golfers took part in the 2022 Masters Tournament and only one could emerge victoriously.
On Sunday, Scottie Scheffler won the Masters, his first major championship. The victory helps continue a huge success story for a previously fairly unknown golfer becoming a superstar.
Tiger Woods is expected to make his return to the Masters this week, 14 months after a car accident that left many questioning if he would be able to compete again. The return of Woods could provide a big boost to the golf sector, bringing people back to watch and potentially play the game due to one of the greatest golfers of all time.
Nike Inc's (NYSE:NKE) short percent of float has risen 14.86% since its last report. The company recently reported that it has 10.54 million shares sold short, which is 0.85% of all regular shares that are available for trading.