Nike Jumps on Trade Deal, Amcor Gains Momentum, Molina Health Declines
On this episode of Stock Movers:Nike (TICKER NKE; +1.5%) - Shares jumped after US President Donald Trump said he reached a trade deal with Vietnam on Wednesday, though quickly reversed after the tariff was set at 20% with 40% tariff on “transshipping” as part of a trade deal- Vietnam is a critical production hub for companies such as Nike Inc., Gap Inc. and Lululemon Athletica Inc., which count on the southeast Asian nation’s factories to manufacture goods ranging from T-shirts to jeans to basketball shoes - Trump imposed a 46% tariff on Vietnam as part of a global campaign…
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