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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Video Of The Day: The Power of Naked Puts

Come learn how to get paid to buy a stock at a discount.

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Chart of the Day: Nike (NKE)

Nike shares are gapping over resistance this morning.

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Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode with Coach Greg Holme where he discussed Current Market Conditions or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

Trade Masters 7:00 PM EST

Every Wednesday at 7 PM EST join us on the Trade Masters where two Coaches go head-to-head to see who can find the best trading setup.

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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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