Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (3343)	9/24/1998 4:05:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 14427

NKE news.... >>[ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] ------------------------------------------------------------------------ <Picture: $50 bonus now available on the new E*Trade (R). Click Here.> Related QuotesNKE 41 7/16 +2 11/16 delayed 20 mins - disclaimerThursday September 24, 12:40 pm Eastern Time Nike shares rise ahead of analyst meeting NEW YORK, Sept 24 (Reuters) - Shares in Nike Inc. rose Thursday morning on expectations the athletic footwear company will make bullish comments to analysts later today in New York. Nike's stock was up 2-5/16 to 41-5/16, bucking the broader market's downward trend with the Dow industrials off 89 points at 8065. Officials at Nike were not immediately available for comment. ''The stock is higher today in anticipation of the company's analyst meeting this afternoon,'' said Michael Conn, an analyst at Gruntal & Co. who tracks Nike. ''The expectations are that it will be a positive event in terms of the company giving a bullish outlook for the next 12 months. There are very clear signs that they are seeing an improvement in their core U.S. operations, and are working diligently to minimize some of the impact from the global economic turmoil.'' Conn, who was due to attend the analyst meeting that takes place during trading hours, said he did not expect Nike to guide earnings-per-share numbers higher after reporting earnings just last week. Nike reported that it earned 56 cents per share in its fiscal first quarter, beating Wall Street's estimate by 8 cents.<<<