Nike in focus after Under Armour smash-and-grab quarter

Shares of Nike (NKE) are on watch after a blowout quarter from Under Armour.

Though the companies are competing for some of the same consumer dollars, guidance from Under Armour tipped off late December and early January strength for key running and apparel categories.

What to watch: Nike's direct-to-consumer sales will be in focus with Under Armour blazing a hot trail in the channel.

NKE +1.3% premarket

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