Nike Tumbles 10% — Why Wall Street Hated the “Win”

Nike just face-planted with a massive 10% drop, despite technically beating earnings estimates. Why the bloodbath? The "turnaround" just hit a reality check: crushing tariffs have destroyed margins, and sales in China are in freefall. In this episode of Implied, we look past the headline numbers to explain why CEO Elliott Hill’s "middle innings" narrative isn't sticking. Is the sales jump in North America a sign of life, or is this stock a "falling knife" that you shouldn't touch yet? Tune in for the full breakdown.