Nike (NKE) Stock Soars From Growing China Sales: Buy Nike Stock Now?

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Last Friday Nike (NKE) reported earnings and beat on all fronts. The company increased revenue and net income, but it how they did it is what impressed investors.

Today Nike stock is up +5% because the company reported strong sales growth in China. Sales were up 24% in the country that has over 18% of the world's population. Sales also grew in the U.S. and Europe, but the growth that was seen in China is impressive and many investors are wondering if it'll continue. Is now the time to buy Nike stock?

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