The Biggest Loser: Nike Tumbles 7.1%

Nike ( NKE ) tumbled to the bottom of the S&P 500 today after it beat earnings but missed on sales . Nike dropped 7.1% to $53.92--its largest percentage decline since June 2012--despite beating earnings forecasts for a 19th consecutive quarter. The S&P 500 rose 0.2% to 2,348.45. Baird's Jonathan Komp and Benjamin Bray recommend being "aggressive short-term buyers" of Nike: