Best Stock to Buy: On Holding vs. Nike
Swiss athletic footwear and apparel maker On Holding (NYSE: ONON) has grown a lot faster than American industry bellwether (NYSE: NKE) over the past few years. But here's an ironic twist: On probably wouldn't exist without Nike.
Olivier Bernhard, a former Swiss Ironman champion and Nike athlete, originally pitched his design for a proprietary "cloud" shoe cushioning technology to Nike. These cushions, which were developed by studying the flexibility of garden hoses, would relax when a runner's foot was in the air but tighten up for a firmer foundation when it hit the ground.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Stock
€67.80
-0.860%
The stock is one of the favorites of our community with 61 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 62.24% for Nike Inc. B compared to the current price of 67.8 €.
