Despite some fluctuations, Nike's stock (NKE) has kept the attention of investors. The stock price recently dropped, but this came as the market demonstrated gains, thus tempting investment. However, investors should consider some factors before betting on Nike. These are the declining stock and solid fundamentals, as well as the fact that the company has warned shareholders of potential lower-than-expected growth in the future. Upcoming performance results such as the Q3 report and the Q4 earnings compared to other footwear stocks may also sway the market's sentiment. Bigger events such as the Paris Olympics could help bolster Nike's stock this year. The company plans to trim more than 700 staff by the end of June; if unsuccessful, NKE will fall in line with predictions of weak sales ahead of its earnings report. On a brighter note, potential signs of recovery show in the form of stock upgrades from Bank of America, and positive analysis dubbing Nike a good long-term buy despite recent insider selling.
Nike Stocks NKE News Analytics from Sun, 10 Sep 2023 23:37:14 GMT to Thu, 23 May 2024 13:30:10 GMT - Rating -2 - Innovation -1 - Information 8 - Rumor 0