NIKE, Inc. (NKE)

Headquartered in Beaverton, Oregon, Nike develops and markets footwear, apparel, athletic equipment, and accessories. Its products are sold through a mix of independent distributors, licensees, and retail stores worldwide. Converse is a wholly owned subsidiary. Nike employs 73,000 people.

Earnings season accelerates this week, while tech stocks remain under pressure. Last week, the Dow Jones Industrial Average gained 1%, while the S&P 500 lost 2% and the Nasdaq shed 5%. Year to date, the Dow is up 8%, the S&P 500 is up 12%, and the Nasdaq is up 12%. On the economic calendar, there are no top-tier reports due out this week, but Wall Street is starting to gear up for the next Federal Open Market Committee (FOMC) meeting next week. As of Friday, the odds that there will be no change in interest rates were at 83%. On the earnings calendar, highlights include General Electric, Netflix, General Motors, Northrop Grumman, and United Airlines on Tuesday. After that, Meta Platforms, Tesla, Philip Morris, IBM, and AT&T report on Wednesday; Procter & Gamble and Lockheed Martin on Thursday; and American Express on Friday. Turning to economic data, gas prices fell two cents last week to an average of $4.33 per gallon for regular gas. Elsewhere, the Atlanta Fed 3Q GDPNow forecast is unchanged week over week at 3.6%. The Cleveland Fed Inflation Nowcast continues to call for CPI of 3.8% in October, up from 3.7% in for September. Mortgage rates were flat last week, with the average 30-year fixed-rate mortgage still at 7.40%, according to FreddieMac. Taking a deeper dive into performance so far in 2026, a leading industrialized global stock market index, the ETF EFA, is up 7% year to date, while the leading emerging market ETF (EEM) is up 15%. U.S. growth stocks are up 2% so far in 2026 when looking at ETF IWF, and value stocks (IWD) are up 21%. Crude oil continues to be volatile. On Friday, oil was at about $99 per barrel, up 71% for the year. In other asset classes for the year, AGG bonds are down 5%, gold is down 4%, and Bitcoin is down 7%. The U.S. dollar is up 4%, tracking DXY. The VIX Volatility Index was up to about 20 on Friday, in line with its historical average. Turning to sector performance, the list from first to worst so far in 2026 is Energy (+49%), Information Technology (+31%), Healthcare (+14%), Consumer Staples (+12%), Materials (+11%), Industrial (+8%), Real Estate (+4%), Financial (+1%), Utilities (-2%), Communication Services (-4%), and Consumer Discretionary (-5).

Since its founding in 1964, Nike has become the world's largest sports performance and lifestyle merchandiser. Footwear is its largest category, accounting for about two-thirds of sales. It also sells large amounts of apparel (about 30% of sales) and equipment (5%). Key performance categories include basketball, running, and football (soccer). Brands include Nike, Jordan (premium athletic footwear and clothing), ACG (outdoor), NikeSkims (women’s athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. It outsources nearly all production to contract manufacturers in more than 30 countries.

Since its founding in 1964, Nike has become the world's largest sports performance and lifestyle merchandiser. Footwear is its largest category, accounting for about two-thirds of sales. It also sells large amounts of apparel (about 30% of sales) and equipment (5%). Key performance categories include basketball, running, and football (soccer). Brands include Nike, Jordan (premium athletic footwear and clothing), ACG (outdoor), NikeSkims (women’s athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. It outsources nearly all production to contract manufacturers in more than 30 countries.