2024-03-20 01:18:52 ET
Summary
- Nike's stock has recently underperformed the index.
- Economic downturns, supply chain disruptions, and rising input costs are squeezing profit margins and slowing revenue growth.
- NKE's direct-to-consumer push, geographic expansion, and focus on key growth categories offer possibilities for future revenue growth and profitability.
- While the Company's brand strength and long-term strategies are promising, the current economic climate and execution risks warrant a wait-and-see approach for investors.
Nike's stock ( NKE ) has taken a beating lately. After years of unstoppable growth, Mr. Market seems to have had a change of heart. But could this pullback create a rare buying opportunity in a legendary company?...
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Nike: Hold Out For Better Prices