Investors have gotten a lot more mileage out of On Holding’s stock this year than Nike. That might not change soon. Both On Holdings and Nike were on the receiving end of positive reports beginning coverage of the stocks on Friday,

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Unsurprisingly, billionaire investor Bill Ackman added to his position in footwear giant Nike (NYSE:NKE) during the last quarter. As to whether Ackman is finished building his position remains the multi-billion-dollar question.