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Where does Nike (NKE) go from here?

315 41 July 10, 2024 at 05:13 PM
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Nike's stock recently faced significant headwinds, dropping around 20% following their latest earnings report.

Despite beating EPS estimates, their revenue declined by 1.6% year-over-year, and they've been downgraded by multiple research firms. Given this volatility and market uncertainty, do you see this as a buying opportunity or a signal to stay cautious?

What do you see as tge potential risks and rewards of investing in Nike at its current levels?
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Joined Oct 2010
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> bubble2 61 Posts
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goodale69
07-11-2024 at 04:18 PM.
07-11-2024 at 04:18 PM.
I watched a youtube video of Nike resellers still dropping out of the market because the Air Jordan type collector shoe market has dissolved. A lot of their profit came from collectors and like NFTs, the whole I collect sneakers market is declining.
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Joined Jun 2019
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> bubble2 44 Posts
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MugamboKush
01-06-2025 at 06:04 PM.
01-06-2025 at 06:04 PM.
I exited with .2% loss after earnings. Future doesn't look good, see more of a downtrend
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