Nike rises on earnings, Lululemon drops on outlook: Analyst's take

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It's a tale of two athletic apparel makers. Nike (NKE) reported third-quarter results that were better than Wall Street had been expecting. Lululemon...

On Nike, Morningstar Equity Analyst David Swartz says the company is facing"economic challenges in all of its major regions" including China. Swartz notes that China's high youth unemployment may be taking a toll on Nike's results.

Competition for customer deposits among Canadian banks is expected to intensify with the likely onset of lower interest rates as clients divert funds parked in high-yielding fixed income products to riskier investments in search of better returns, analysts and executives say. For banks, sticky customer deposits are a cheaper source of funding that keeps costs under check and boosts lending margins.

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Nike stock jumps on Q3 earnings beatNike (NKE) reported better-than-expected third-quarter results. The athletic apparel retailer posted adjusted earnings per share of $0.77 compared to a $0.74...
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