Nike Stock: Can We Trust This Breakout? Hosted by MarketBeat StaffJanuary 9, 2023 ShareLink copied to clipboard. Play video for Nike Stock: Can We Trust This Breakout?DetailsGuestsNike was one of the retail sector's hottest performers until it became one of the worst. What happened? It caught a case of COVID but it’s getting better now. A refocus on DTC, direct-to-consumer, and digital sales has the top and the bottom lines moving in the right direction and getting the attention of the analysts. The takeaway from Nike’s FQ2 report, however, is that inventory clearing actions are not only working but are not cutting into results as feared. Strength in the core shoe business is offsetting weakness in other areas and is expected to continue doing so in calendar 2023. Now, with the stock swooshing higher, it looks like a major melt-up is in the works.Read These 4 Shoemakers Have More Kick Than Allbirds Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNKENIKE4.6467 of 5 stars$76.94-0.2%2.08%22.05 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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Hosted by MarketBeat StaffJanuary 9, 2023 ShareLink copied to clipboard. Play video for Nike Stock: Can We Trust This Breakout?DetailsGuestsNike was one of the retail sector's hottest performers until it became one of the worst. What happened? It caught a case of COVID but it’s getting better now. A refocus on DTC, direct-to-consumer, and digital sales has the top and the bottom lines moving in the right direction and getting the attention of the analysts. The takeaway from Nike’s FQ2 report, however, is that inventory clearing actions are not only working but are not cutting into results as feared. Strength in the core shoe business is offsetting weakness in other areas and is expected to continue doing so in calendar 2023. Now, with the stock swooshing higher, it looks like a major melt-up is in the works.Read These 4 Shoemakers Have More Kick Than Allbirds Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNKENIKE4.6467 of 5 stars$76.94-0.2%2.08%22.05 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatThis Crypto Is Set to Explode in DecemberIt's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this su...Crypto 101 Media | Sponsored15 REITs That Wall Street Analysts Love in Today's MarketThere are more than 200 publicly-traded real-estate investment trusts (REITs) that you can buy through your br...MarketBeatAI breakthrough about to upend industryEveryone is talking about AI right now. The talk has been endless ever since ChatGPT was released to the m...Porter & Company | Sponsored7 Infrastructure Stocks to Buy Like There's No TomorrowMembers of Congress agree on very few things. But in the last four years, there has been bipartisan support fo...MarketBeatNvidia’s Bold Move: Tackling Tech’s $1 Trillion CrisisTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | Sponsored7 Stocks That Hold Appeal for Aggressive InvestorsIn times of market volatility, many investors sell stocks as part of a flight to safety. There's logic to this...MarketBeat
