Nike's Jared Carver is expected to resign as president and CEO of Converse, with Aaron Cain ready to assume the leadership role.

Financial Gravity Asset Management acquired 24,760 shares of Nike in Q1, valued at around $1.57 million, per SEC filings.

For the week ending July 11, the S&P 500 Consumer Discretionary sector (NYSEARCA:XLY) rose 1.39%, but this lagged the S&P 500's (SP500) 0.48% increase. Year-to-date, the sector has fallen 1.30%, ...