Just Do It (online)... Nike stock jumped 28% last week after its online sales surged 36% last quarter. Buuut... overall sales in China fell for the 1st time in 7 years, ending a 22 quarter streak of double-digit percentage growth. Now 80% of Nike’s China stores are reopened as the outbreak has moved on to the rest of the world — We’ll have to wait for its next report to see if ecommerce can save it again while its stores in the US and Europe are closed.
High on social distancing... Pot producers are finally enjoying a sales boom, as lockdown-panicked shoppers stock up. Recreational weed sales in CA, CO and OR jumped 50% in one week, while Canada's gov-run online weed store saw a 100% spike in 2 weeks. After a couple years of post-legalization underwhelming demand, producers can now off-load piles of unsold pot. Tilray shares soared 125% over the week while Aurora Cannabis and Canopy jumped over 20%.