Nike shares rose on Tuesday after Cowen upgraded the stock to outperform from market perform as the upcoming products in 2019 are expected to create margin upside.
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Stocks making the biggest moves premarket: Johnson & Johnson, Nike, FedEx & moreSome of the names on the move ahead of the open.
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Nike's new power-lacing basketball sneaker set to hit retail Feb. 17The Nike Adapt BB, a power-lacing basketball sneaker, was officially unveiled Tuesday. The $350 shoe is set to make its NBA on-court debut on the feet of Jayson Tatum in a Jan. 16 Celtics vs. Raptors game and drop at retail next month.
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Viewsroom: China’s slowdown is not created equalListen: Chinese consumers are buying fewer iPhones and cars, but Nike and others are chugging away nicely. petesweeneypro and cbeddor explain China’s complex and uneven slowdown. Also: Detroit's auto show, and India's rural farmers
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