Looking to Buy Nike? Consider This Unstoppable Stock Instead
In the world of apparel and footwear, there's no doubt that (NYSE: NKE) rules the industry. Thanks to steadily rising revenue and profits, the popular consumer brand has been a fantastic investment to have owned over the decades. The stock has skyrocketed 60,000% since its initial public offering in 1980 (as of Aug. 11).
But there's a younger rival that's rapidly ascending in the industry. I'm talking about Lululemon (NASDAQ: LULU). In the past five years, shares of the athleisure pioneer have trounced Nike by a wide margin. And this trend seems poised to continue as we look ahead.
If you were originally looking at adding Nike to your portfolio, it's a better idea to consider the unstoppable Lululemon instead.
Source Fool.com
Nike Inc. B Stock
€72.73
-0.100%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 51.24% for Nike Inc. B compared to the current price of 72.73 €.
