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 RatioNKENIKE4.9254 of 5 stars$76.60+0.9%1.93%21.95 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 RatioNKENIKE4.9254 of 5 stars$76.60+0.9%1.93%21.95 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 MarketBeatBill Gates’s Next Big AI Bet: StargateIn February 2016… when almost nobody was talking about artificial intelligence…. I picked Nvidia as one of ...Brownstone Research | Sponsored7 Mighty Medical Stocks That Will Keep Getting StrongerMedical stocks are a broad category that covers pharmaceutical companies, health insurers, medical technology ...MarketBeatTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | Sponsored7 Best Growth Stocks for the Next 10 YearsIf you're somewhat new to investing, the term “growth stocks" may be confusing. After all, don't you wan...MarketBeatThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. So, I decided to give you this heads-u...Weiss Ratings | 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...MarketBeat
