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Nike Stock Shows Investors Focused on Consumer Strength in 2022

  • Athletic wear giant sees China sales suffer while U.S. grows
  • Share performance indicates supply chain fears were temporary

Investors are shifting their focus from supply chain concerns to whether consumer strength can continue to sustain the economy. You can see it in the movement of Nike Inc.’s stock. 

Today’s Chart of the Day uses Nike as a spending proxy on a logarithmic scale to measure the acceleration of moves in the stock price, which is clearly on an uptrend. The global athletic apparel company has posted better-than-expected earnings in each quarter since Covid-19 hit in the spring of 2020.