Nike Faces $1 Billion Cost Impact from Tariffs Amid Supply Chain Shifts
TL;DR Summary
Nike shares surged after beating earnings expectations and outlining plans to mitigate tariff impacts, with technical analysis highlighting key resistance levels at $71, $79, and $89, and support at $59, suggesting potential for further upside if these levels are broken or held.
- Watch These Nike Price Levels as Stock Soars After Earnings Report Investopedia
- Nike says tariffs will cost it $1 billion before price increases, supply chain shifts CNBC
- Nike says Trump tariffs could raise its costs by $1bn BBC
- Nike plans to reduce reliance on China production for US market to soften tariff blow Reuters
- Nike Expects To Take $1B Hit From Trump's Tariffs, CFO Says Yahoo Finance
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