Nike shares soar on 82% jump in online sales

<p><a href="https://admiralmarkets.com/analytics/traders-blog/nike-shares-online-sales"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" data-src="https://fxmedia.s3.amazonaws.com/articles/Nike_shares_soar_on_82_jump_in_online_sales.jpg" alt="Nike shares soar on 82% jump in online sales" rel=""></a><br></p><p>Shares in Nike soared around 13% higher in premarket trading as the company posted a whopping 82% increase in digital sales and a rise of 6% in sales in China. However, Nike's largest market, North America, posted a fall of 2% in overall sales.<br></p><p>
Nonetheless, investors enjoyed the impressive report over the coronavirus pandemic period sending its stock price immediately higher. Did you know that you can speculate on the price direction of global shares such as Nike using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a <a href="https://admiralmarkets.com/start-trading/forex-demo" target="_blank">free demo trading account</a> today!
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The bullish results are a strong reversal from Nike's previous quarterly results: which showed an unexpected loss due to the closure of many of its stores. While North American sales were down, they did beat analyst expectations. Overall, the company posted earnings per share of 95 cents against an expected 47 cents.
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Nike also offered forward guidance – something many other companies are avoiding. Management expects demand to grow through the holiday season and expect sales to be in the high single digits for 2021.
</p><h2>How to trade Nike with Admiral Markets UK Ltd</h2><p>
If you are feeling bullish or bearish on the price of Nike or other global shares, you can speculate on its price direction using CFDs. To get started, follow these five simple steps:
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<li>Log in to your existing Admiral Markets trading account, or open a <a href="https://admiralmarkets.com/signup" target="_blank">live</a> or <a href="https://admiralmarkets.com/start-trading/forex-demo" target="_blank">demo trading account</a> in just a few minutes. </li>
<li>Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform. </li>
<li>Type in Nike, or another instrument, at the bottom of the Market Watch search box and then drag the symbol onto the chart. </li>
<li>Use the one-click trading feature on the chart or right-click on select Trading -&gt; New Order. </li>
<li>Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.</li>
</ol><p>
<img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/Admiral_Markets_MetaTrader_5_Web,_NKE,_Weekly.png" rel="" alt="Admiral Markets MetaTrader 5 Web, NKE, Weekly" />
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<em>Source: Admiral Markets MetaTrader 5 Web, #NKE, Weekly – Data range: April 13, 2014, to September 23, 2020, performed on September 23, 2020, at 7:09 am BST. Please note: Past performance is not a reliable indicator of future results. </em>
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Did you know that you can open a free demo trading account so you can test your trade ideas and theories regarding the price direction of thousands of markets in a virtual trading environment? Open your free account today by clicking on the banner below and receive free access to Premium Analytic tools and more!
</p><a href="https://admiralmarkets.com/start-trading/forex-demo"><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/Demo_Account_CTA-17.png" alt="Trade With A FREE Demo Trading Account" rel="" /><p><br></p></a><p><em><strong data-redactor-tag="strong">INFORMATION ABOUT ANALYTICAL MATERIALS:</strong></em></p><p><em>The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:</em></p><p><em>1.This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.</em></p><p><em>2.Any investment decision is made by each client alone whereas Admiral Markets UK Ltd (Admiral Markets) shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.</em></p><p><em>3.With a view to protecting the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.</em></p><p><em>4.The Analysis is prepared by an independent analyst Jitan Solanki, Freelance Contributor (hereinafter "Author") based on personal estimations.</em></p><p><em>5.Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.</em></p><p><em>6.Any kind of past or modelled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.</em></p><p><em>7.Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the </em><a href="https://admiralmarkets.com/risk-disclosure"><em>risks involved</em></a><em>.</em></p><p><a href="https://admiralmarkets.com/start-trading/forex-demo"></a><em><br></em></p>

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