Shares of Nike (NYSE:NKE) continue to ride this year's momentum following the second-quarter earnings release. The strong margin expansion driven by Nike's focus on innovation, accompanied with long-term steep revenue growth projections have pushed up shares to new highs this year. Nike stock is trading nearly 4% higher on a double dosage of good news. On one end, de-escalating trade tensions between the U.S. and China ease rising cost pressures for Nike and improve the company’s international growth prospects. On the other end, Citi came out and called Nike stock a “Best Idea” for 2019.

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