Forget Nike: Consider This Unstoppable Stock Instead
(NYSE: NKE) has disappointed investors in recent times. In the last five years, shares of the activewear giant have climbed just 22%. Both the S 500 and Nasdaq Composite fared significantly better than this measly return.
Of course, Nike is dealing with some issues that can't be ignored. And this situation might mean that it's best to look elsewhere to gain exposure to the apparel industry. In fact, a smart idea now would be to consider Lululemon Athletica (NASDAQ: LULU). Here's why.
It's hard to deny Nike's impressive long-term track record of increasing revenue and earnings. The business has one of the most powerful and widely recognized brands on the face of the planet. And this has kept it relevant, even though the fashion industry is characterized by changing tastes and preferences.
Source Fool.com
Nike Inc. B Stock
The stock is one of the favorites of our community with 60 Buy predictions and 3 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 51.04% for Nike Inc. B compared to the current price of 72.83 €.
