Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Reasons to Buy Nike Stock Right Now

TheMotleyFool

0 0

Nike (NYSE: NKE) crushed top- and bottom-line estimates in its fiscal third-quarter earnings report on Tuesday, but that wasn't enough to please the market.

Although the stock was initially trading higher after hours on Tuesday, it closed Wednesday's session down 5% primarily due to concerns about its outlook in the current quarter. While the numbers weren't perfect, the report should remind investors that the company is executing well after a challenging 2022, and the stock continues to look like a long-term buy.

After its latest earnings report, here are three reasons to buy Nike stock now.

Source Fool.com

Like: 0

NKE

Share