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David Swartz says Nike (NKE)’s turnaround will take longer, with continued weakness in China and Europe weighing on results even as North American sales improve. Tom White expects choppy market conditions as the second quarter comes to a close, and demonstrates an example options trade for Nike.

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NKE Stumbles in Europe & China Despite Step Up in North American Sales

Schwab Network

NKE Stumbles in Europe & China Despite Step Up in North American Sales