The U.S. is Vietnam's biggest trading partner with $119 billion in goods exported annually.
Bryn Talkington, managing partner at Requisite Capital Management, joins CNBC's "Halftime Report" to explain why she's buying Nike as the market plummets.
Shares of Nike (NKE 3.87%), the world's most popular shoe and apparel brand, dropped 15% earlier this week but have recovered some of these losses as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.
Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs. The stock was up around 5% in late-morning trading.
Nike Inc (NYSE:NKE) stock is under heavy pressure following President Donald Trump's sweeping tariff announcement.
Nike (NKE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Nike's (NKE -11.95%) management team told investors the turnaround would take longer than expected.
Athletic apparel giant Nike (NKE 0.40%) has already completed three quarters for its fiscal 2025 and results haven't been great. Through the fiscal third quarter of 2025, revenue is down 9% from the same three quarters of fiscal 2024.
Things went from bad to worse for Nike (NKE -0.14%) last month as the struggling sportswear giant posted disappointing results in its fiscal third-quarter earnings report and warned that its performance would get even worse in the fourth quarter.
The apparel industry is hypercompetitive and participants have to deal with boom and bust cycles, constant new entrants, and changing trends seemingly every year. One sports apparel company has developed a reputation for strong performance in this industry: Nike (NKE 0.43%).
Stock market investors are circling Nike (NKE -3.76%) stock as a potential buying opportunity.
Nike (NKE -3.76%) is undergoing a turnaround strategy that is causing investors to be abuzz.