Investors Are Making a Big Mistake by Overlooking Nike's Ace in the Hole
So far, 2023 has been a strong year for the broader stock market. Unfortunately, (NYSE: NKE) has not shared in that growth. The sports apparel giant's stock is down by more than 15% year to date and off by a painful 45% from its all-time high.
Nike stock has been under pressure thanks to mounting concerns that consumers are pulling back on spending, particularly on discretionary purchases like premium-priced shoes and athletic wear.
The good news is that Nike is in a league of its own, both in terms of the strength of its brand and its ability to engage directly with consumers. Here's why this blue-chip stock is worth buying now.
Source Fool.com
Nike Inc. B Aktie
75,41 €
0,37 %
Starke Kaufneigung bei Nike Inc. B, mit mehr Buy- als Sell-Einschätzungen.
Mit einem Kursziel von 110 € für Nike Inc. B könnte der aktuelle Kurs von 75.41 € um mehr als 20% steigen.
