2. As of noon trading, Nike ( NKE) is up $0.47 (0.76) to $62.00 on light volume Thus far, 965,383 shares of Nike exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $61.57-$62.05 after having opened the day at $61.62 as compared to the previous trading day's close of $61.53.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. Nike has a market cap of $44.1 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 19.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Nike Ratings Report now.

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