Which has absolutely nothing to do with Nike's long-term prospects.
The fundamentals for NKE to move higher are in place because Nike shoes are the best. Balle's 13,000 footwear outlets saw a 16% jump in profits as Chinese shift from traditional footwear to sportswear. Nike is benefiting all over China and Southeast Asia as the sportswear of choice. Reuters has the latest story, so avoid the bashers published here and do your own due diligence.
Sentiment: Strong Buy
the stock isnt working because most of the population is disgruntled, without jobs, and a weak economy.
you saw the numbers from retailers, lousy. only house flippers prosper and amzn.
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True. But there's no accounting for the lemming mentality so prevelant in the market. Fundamentally, Nike is a great stock and anyone with a time horizon of more than about a month should be happy to hold it for the long term.
is in big trouble as the wealthy cut back in a big way and the common man is tapped out !
(FL) look this is the larest seller of nike and clown cramer favorite !