3 Reasons to Buy Nike and 1 to Sell
Nike's (NYSE: NKE) stock price tumbled 7% on June 28 after the footwear and athletic apparel maker posted its fourth-quarter earnings report. Its revenue dipped 1% year over year (but grew 3% in currency-neutral terms) to $12.2 billion, which beat analysts' expectations by $140 million. Its earnings fell 3% to $0.90 per share but still cleared analysts' estimates by nine cents.
Nike's headline numbers looked stable, but is the stock still a dependable blue-chip stalwart after losing nearly 40% of its value this year? Let's evaluate three reasons to buy Nike -- and one reason to sell it -- to decide.
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Source Fool.com
