Nike stock is on track to close out its best month in over two decades, charging higher on hopes that new CEO Elliott Hill’s turnaround plan will make the sportswear giant a winner again. For investors,

Shares of the sportswear giant climbed 15% in morning trading. Some analysts said the company’s slump could soon be over.

U.S. equities gained at midday on word of a U.S.-China trade agreement and indications from the White House that more deals are coming.