Caution seems to be the word of choice heading into Nike's (NKE +0.3%) FQ1 report slated for...

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

Caution seems to be the word of choice heading into Nike's (NKE +0.3%) FQ1 report slated for later this week. The overriding theme is that the retailing giant faces macro pressure in China that will be hard to overcome. Traders will also be looking for more clarity on the company's potential sale of the Cole Haan and Umbro brands and what that could bring in to the coffers. (earnings preview)