Traders,

Stocks snapped their losing streak on Tuesday and are jumping out of the gate this morning. You can thank Dow component, Nike, for the boost. The retail giant is opening nearly 13% higher after reporting quarterly results that easily topped expectations. It also raised its guidance and made significant strides in clearing out inventory.

Here are the numbers:

• Earnings per share: 85 cents vs. 64 cents expected.
• Revenue per share: $13.32 billion vs. $12.57 billion expected.

As a member of the Dow Jones Industrial Average, the gap in Nike’s share price is helping the widely followed index open up 1% this morning.   

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Chart of the Day: Nike (NKE)

Nike shares are gapping over resistance this morning.

Today’s line up

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Trading Justice 507: 2022 Stock Market Predictions Review

🏆It is awards season!🏆

In this episode of the podcast, we hand out our annual awards for the year’s best and worst predictions.

Listen to this episode in the player below.

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