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It's Wednesday, September 28th. Welcome to Market Foolery. I'm Mark Wreath and

joining me in studio today from Stock Advisor Canada

Taylor Markerman Taylor who's better dressed today you or I

Oh I wouldn't know the camera's not on the camera's not on unfortunately. It's the first time I've come in without gym shorts in a couple of months.

Do you have khaki pants on and the first polo I've ever seen with college stays?

It's pretty fantastic.

I'm looking great and I'm feeling great, especially feeling great about the news we got to talk

about today, including some announcements about Mars from Elon Musk and some great news in the

beer industry. But let's begin with some not so great news from Nike,

excuse me on Tuesday, the Sports Apparel Giant reported first quarter earnings.

Earnings beat expectations, both profit and revenue, came in pretty good but shares are down

today Taylor what's the story here? Yeah you're right on earnings a pretty

significant beat they had 73 cents a share versus an expected 56 a share.

I think after hours shares were down about 4% or something like that,

but slowly rebounding today.

The big draw though was the futures orders so that's basically orders that were placed but not delivered

But you could probably think of it as a backlog for Nike down so analysts looking into this a little bit more than Nike wants them to.

Nike is even going so far as not breaking this out in the next quarterly report

because they they say that it's not nearly as important as it used to be.

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