Like clockwork, Wall Street analysts began upgrading the stock. NYSE:NKE has witnessed falling interest from the smart money, it’s safe to say that there were a few hedge funds that elected to cut their full holdings by the end of the third quarter. News Company News. Strong demand for athletic wear is fueling sales of both apparel and footwear. It also corresponds with growing odds that no «Phase 1» trade deal will be signed this year, setting the stage for tariffs that could undermine profits and margins. Brexit Definition Brexit refers to Britain’s leaving the European Union, which was slated to happen at the end of October, but has been delayed again.