Friday, July 17, 2009

Nike is down, and this is why (NKE)

AlphaNinja - SHOCK at the British Open. Honestly, this won't hurt Nike (NKE) all that bad, but CBS and their advertisers must be devastated.

TURNBERRY, Scotland (AP) - Tiger Woods has missed the cut in a major for only the second time in his professional career.

Nike versus the S&P500 today, as the news wipes out approximately $500m from Nike's market value:

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