Nike Inc ( NKE ) shares are trading higher Wednesday afternoon, leading a broader rally among footwear and retail stocks. The positive momentum is tied to Supreme Court arguments reviewing the legality of President Donald Trump’s “Section 301” tariffs. Here’s what investors need to know.

NKE is demonstrating bullish strength. Get the latest updates here.

What To Know: According to Bloomberg, the Supreme Court is hearing arguments today to determine the legality of tariffs imposed under the International Emergency Economic Powers Act.

Bloomberg reports a ruling against the administration could invalidate the tariffs, potentially forcing over $100 billion in refunds to importers and providing significant financial relief to companies like Nike ( NKE ).

This case is particularly impactful for Nike ( NKE ), which, according to company disclosures, manufactures a vast majority of its products in Asia. With Vietnam alone accounting for roughly half of its footwear production, and China being another key hub, the company has been broadly exposed to the volatility surrounding tariff policy in 2025.

Read Also: Trump’s Tariffs Are Quietly Fueling A New Wave Of Inflation, Economists Warn

A decision invalidating the tariffs would provide a dual benefit: it would immediately lower future import costs and could also allow Nike ( NKE ) to reclaim billions of dollars in duties already paid.

This potential multi-billion dollar boost to profitability and margin recovery is driving Wednesday’s rally.

Benzinga Edge Rankings: According to Benzinga Edge rankings, the stock shows a strong Growth score of 65.49.

NKE Price Action: Nike ( NKE ) shares were up 2.17% at $62.55 at the time of publication on Wednesday, according to Benzinga Pro data.

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How To Buy NKE Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Nike’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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