Nike Stock: Why Investors Should Still 'Just Do It' (Rating Upgrade)
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Nike's stock has dropped significantly, but a focus on sports, brand storytelling, and wholesale partnerships under new CEO Elliott Hill, along with a strong balance sheet, high dividend yield, and low P/E ratio, make it a potential buy for long-term investors.
December 20, 2024 | 6:45 pm
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Nike's stock is down 30% YTD and 56.75% from its all-time high, but new CEO Elliott Hill's focus on sports, brand storytelling, and wholesale partnerships, along with a strong balance sheet, high dividend yield, and low P/E ratio, make it a potential buy for long-term investors.
The article highlights Nike's significant stock price drop, but also points out strategic changes under new CEO Elliott Hill, such as a renewed focus on sports and brand storytelling. These changes, combined with Nike's strong financials, suggest a positive outlook for long-term investors, making the stock a potential buy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100