Millennial Investors Are Also Flocking to Buy Shares of Nike Stock
The multi-national $34 billion retailer has “responded,” in a sense, with a 31 percent jump in sales.
“There was speculation that the Nike/Kaepernick campaign would lead to a drop in sales, but our data over the last week does not support that theory,” Hetal Pandya, co-founder of Edison Trends, tells Marketwatch.
“Nike’s online sales actually grew 31% from the Sunday of Labor Day weekend through Tuesday, as compared with a 17% gain recorded for the same period of 2017,” Marketwatch adds.
Trump is opposed to NFL players kneeling in silent protest of police killings of Black people. He has also called Kaepernick a “son of a bitch.”
Meanwhile, interest in Nike stock is also jumping.
“Nike has grown in popularity among millennial investors after releasing its controversial Colin Kaepernick ad,” Business Insider reports. “A total of 15,191 investors added Nike to their portfolios on Robinhood this week, up 45% from last week.”
“Investors on Robinhood are buying Nike stock 300% more than they are selling, compared to 12% last week,” Robinhood’s data scientist Sahill Poddar told Business Insider on Tuesday. “Investors in Oregon, where Nike is headquartered, are buying the stock 850% more than they are selling.”
The popularity of Nike’s stock has jumped 20 points as well.
Clearly, the company’s long-term strategy is working.
Or, perhaps, maybe they just thought supporting the head of a campaign to stop police killings of unarmed Black people was a good idea.
Enjoy this piece?
… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.
NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.
Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.
Duckworth Claims Enough Votes for Senate Vote Against National Emergency
Senator Tammy Duckworth (D-IL) claimed on ABC’s This Week that there are enough votes in the senate right now to block President Donald Trump’s national emergency declaration, likely setting up a showdown between congress and the president.
The House of Representatives is moving forward with a resolution opposing the national emergency declaration that President Trump invoked on Friday, before heading to Florida to golf. Some GOP members of the Senate have also “voiced concern,” according to This Week host Martha Raddatz
When asked if there would be enough votes in the senate for such a resolution, Duckworth was positive.
“I think we do,” said Duckworth. “Now, whether we have enough for an override and veto, that’s a different story. But frankly, I think there’s enough people in the Senate who are concerned that what he’s doing is robbing from the military and the DOD to go build this wall that, you know, is really not even the best way to fight the crisis that he’s talking — you know, seeming that there’s one at the border.”
Duckworth also agreed with statements made by Nancy Pelosi (D-CA) and Chuck Schumer (D-NY) on Friday, stating that, “the Congress will defend our constitutional authorities in the Congress, in the Courts, and in the public, using every remedy available.”
“Basically, the president is trying to take away the power of the purse from the legislative branch. We are co-equal branches of government, and he is trying to do a type of executive overreach that is just uncalled for,” said Duckworth.
“Now if he wants to appropriate more money, to put more agents at the border, to put people at the ports of entry to go and counter drugs, we can have that conversation — but to take money away from defense, from DOD, in order to build this wall that is essentially a campaign promise, I think is really wrong priorities, and I think it’s very harmful to the country,” she added.
It would be remarkable if enough votes can be found in the senate to send the bill to the president’s desk. Congress has largely “rubber stamped” anything President Trump has asked for with minimal resistance from his party.
President Trump would likely veto any such resolution if it does reach him, and it is highly unlikely that more than 20 republicans would cross over to stand against the president.
View the exchange below:
Image via screen capture from video source.
- News3 days ago
Florida’s Rubio Challenged Over His Past Opposition to Disaster Relief — and Gets Fact-Checked
- '#MORONMCCARTHY'2 days ago
January 6 police officer Michael Fanone calls Kevin McCarthy a “f**king weasel b**ch”
- News18 hours ago
‘Everything Has Been a Lie’: Christian Walker Drops Damning New Video Blasting His Father’s ‘Lies’ Over Abortion
- News20 hours ago
Trump’s Chief of Staff Implicated in Mar-a-Lago Docs Scheme by New Bombshell Reporting
- 'ABSOLUTE MASTERCLASS'1 day ago
Texas AG Ken Paxton’s office “dysfunctional” with child porn and shady political dealings
- 'APPARENTLY INEBRIATED'2 days ago
Supreme Court refuses to protect Mike Lindell from a billion dollar defamation lawsuit
- News2 days ago
Matt Gaetz demands hurricane aid for Florida after voting against it
- 'BRUTAL'2 days ago
Russia is torturing civilians in camps around eastern Ukraine