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Despite disappointing results from Nike and FedEx, here's why this analyst remains bullish on third-quarter earnings

The third-quarter earnings season got off to a rough start. Nike shares fell as revenue missed expectations, and FedEx also plummeted after a miss on earnings per share. Analysts have also remained generally cautious about earnings, trimming their forecasts due to issues with supply chains, the Covid delta variant, inflation and labor shortage. Still, DataTrek Research co-founder Nicholas Colas thinks investors shouldn't worry.

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