1 Stock That Turned $1,000 Into More Than $800,000
There isn't a better tool available to the average person when it comes to building lasting wealth than the stock market. Over many years and decades, what seems like a small sum of cash can turn into a massive capital base.
If we look back at history, we'll see that some industry-leading firms have rewarded investors in a profound way. (NYSE: NKE), the sports apparel and footwear juggernaut, has done just that. Since its initial public offering in late 1980, shares have produced a total return of about 80,000%, turning a $1,000 investment into more than $800,000 today.
Let's look back at what helped get Nike to this point before considering if the consumer discretionary stock is a worthy buy for prospective investors.
Source Fool.com
Nike Inc. B Stock
€68.77
2.870%
The stock is one of the favorites of our community with 63 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 59.95% for Nike Inc. B compared to the current price of 68.77 €.
