"We're in the camp that earnings are going to come down this quarter," says Zach Warring. He joins Morning Movers to preview Nike (NKE) earnings and adds "there's not a lot of room for downside." He likes what the company is doing with sports and points to the Skims partnership as another initiative underway. Zach chimes in on the tariff headwinds facing the company, saying this could be a good quarter to "gauge the impact" that Nike will feel.

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