| The KUIK Morning Market Report for Friday, September 26: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 63 | points | 17,009 | 6:55 AM | ||
| S&P500 | Up | 0.2% | percent | 1,970 | 3.86 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,484 | 17.74 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.22 | Annual Yield | ||
| Great results from Nike. Nike reported its fiscal first quarter earnings yesterday after the close. The company’s profit, sales, and orders all exceeded Wall Street expectations. Profit in the quarter ended Aug. 31 rose 23% to $962 million, or $1.09 a share, up from $779 million, or 86 cents a share, in 2013. Sales rose 15% to $7.98 billion. The company was expected to earn 88 cents a share on sales of $7.78 billion, according to FactSet. Orders of shoes and clothing for delivery between September and January rose 11% and were up 14% excluding the impact of currency translations. Analysts were looking for orders minus currency impact to rise between 9% and 11%. Gross margin widened 1.7 percentage points to 46.6%. Nike shares are up 10.4% to $88.01. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nike-jumps-after-profit-sales-beat-expectations-2014-09-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||