Is it good time for NIKE ?

Nike Inc. (NYSE:NKE) stock surged on strong fourth-quarter earnings and a $18 billion share buyback plan announced by the company. In its Q4 earnings release, Nike surpassed expectations by posting quarterly net income of $1.09 billion, or 38 cents a share. The figure was up 46% year-over-year and ahead of analysts' estimates of 35 cents in per share profit and sales of $7.8 billion, according to third party data provider FactSet Research Systems Inc.