Shares of Nike (NKE +4.5%) follow basketball-related companies Foot Locker (FL +8.6%) and...

|About: Nike Inc. (NKE)|By:, SA News Editor

Shares of Nike (NKE +4.5%) follow basketball-related companies Foot Locker (FL +8.6%) and Madison Square Garden (MSG +9.5%) (I, II) higher following a tentative resolution to the NBA work stoppage. Despite predictions from analysts that the lockout wouldn't dent shoe sales, the return of games could signal that sales of broader NBA-licensed merchandising - tallied at $3B last year - will beat recent estimates.