Mr. Bryant has had a signature shoe line with Nike for more than a decade and has helped the brand expand its reach into China, where he is one of the most revered athletes.
Sentiment: Strong Buy
I'd look to add at ~54 which is the Fib 23.6% retracement level marked by the 2009 low and 2015 high. I think NKE PE compression could keep the stock range bound between 55-70 for another 6-12 months so no rush to buy.
Christ I hope so. bought in at 63 went down from there. Was gonna buy more if it went to 56. But did not.
No you are right a bad one, Fit bit is too much of a fad in my opinion. It is not scale-able enough to earn enough interest. Fitness wearable market is over crowded.
When you start off buy a few shares, and if it comes down, buy more and average down. Do it when you have a large drop not just a dollar two. In this case you bought at 65/40 shares then buy more around 59/40 shares average at $62.00. Hope that helps in future trades
Nike for earnings growth
Investors willing to wait for a heftier payout might consider Nike. The footwear and apparel king is still very much in growth mode, paying out less than one-third of earnings for a dividend yield that's among the Dow's lowest. Higher spending priorities at the moment include expanding into China and innovating around wearable fitness technology.
But if operating trends continue at anything like their current rate, the effective yield on shares purchased today will be significantly higher in a few years.
Over the last five years, Nike's profits have surged higher by 70% while McDonald's net income has declined by 14%. The footwear giant's dividend has outrun that earnings increase, too, doubling since 2011, compared to a 46% raise for McDonald's investors:
WITHOUT A DOUBT
much present and hasn't slowed down any. Once most of the fearful and weak hands have been shaken out, we can expect higher moves up. Could be close or weeks away.
or so they may lead you to believe, they don't share what is going on, and Peter Lynch once said the market will do everything it can to shake you out of a good position, so gotta be weary of what you hear. Thought I saw some big option players being bullish. put to call ratio seems bullish, if I am reading it right, lol, not that advanced of a trader yet here.
its got nothing to do with reality stocks,,follow teh money game,, they are not chasing nike anymore at this time
you have not bought that much to worry about it,,, get some more cash and buy till you get 100 shares,, write a call option and take premium for a while,, with the amount you are playing with you should not buy these issues,, these stocks are trading stocks,, no longer hold and pray
two weeks ago the stock dropped 10% now its still weak,, now the cNBC clown say its a sell at 60,, lets rewind the #$%$, they said it was a buy at 60 on fast money with the clowns,, now they say the peak is 60,,, they talk smack so you have to watch who is buying and selling...
I would have doubled down at $57 this morn, perhaps if I were you, up a bit now, so little harder to tell. Think the sector is a bit beat up, maybe cause of Spieth's collapse this past weekend and SKX drop, both which shouldn't have affected NKE really at all. Olympics this year, so NKE could see a boost with that, although maybe this is priced in, but to me doesn't look like it. NKE has better valuation than peers UA & adidas, and is very innovative, more so than these I believe, so seems like ground to gain. Only been this oversold on day charts like 4 times this year, 2 were due to extremely oversold markets around 8/24 and 2/08 market lows. I bought some at 58.50 around yesterday, wishing I waited until this morn, but oh well, think should be safe for MT to LT hold. NKE showed solid growth again around the world, except emerging markets, think that was only decline, but perhaps due to those economies struggling with low commodity prices. Forming a bullish hammer on day chart, could be sign that downtrend could perhaps reverse from here like it did 3/10, but would be nice if hammer turns green. G/L either way...if LT trader I would not worry too much, still huge growth in China and good in US, Europe bottoming would help too, can't remember what growth was there, think was decent too. Company probably doing buybacks on dips, since divi not too high and CF monster here. Under all the moving averages, so could be downtrend, but not far under and should move to test them I hope soon, then that might be more telling of where this goes in MT to LT.