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See what the IHS Markit Score report has to say about Nike Inc.

IHS Markit

Nike Inc

NYSE:NKE

Score: Negative (12)

8 days at current score.

Downgraded from Neutral on June 25th 2018

View full report here!

Summary


  • This company ranked negatively compared to the Consumer Goods sector with 2 negative IHS Markit Categories
  • Perception of the company's creditworthiness is negative
  • ETFs holding this stock have seen outflows over the last one-month
  • Bearish sentiment is low


Bearish sentiment

Short interest | Positive

Short interest is low for NKE with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Negative

ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NKE totaled $2.94 billion. Additionally, the rate of outflows appears to be accelerating.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. NKE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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