#6 - Nike (NYSE:NKE)
Nike (NYSE: NKE) Normally, when a company is not in the news, it’s not a good sign for the stock. But in the case of Nike, no news means no bad news. When you consider the controversies surrounding Under Armour and Adidas, particularly with major college sports, staying out of the news is very good for Nike’s stock. Their relative lack of news is not to say that Nike has been a laggard. The stock is up over 40% in the past 12 months. Part of the reason for the growth is increasing revenues in the United States as the economy has strengthened. One of the major speed bumps for Nike, as well as its competitors, is the ongoing trade war with China. Slower sales in China will be a drag on sales in Asia in general. However, the brand is still showing global strength and, in fact, investors largely shrugged off the 11% October correction in the stock that was slightly higher than the 7% decline in the S&P 500.
About NIKE
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
More- Current Price
- $74.60
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $89.77 (20.3% Upside)
