Buy, Sell or Hold: Nike Inc (NKE-N) — Stock Predictions at Stockchase

NYSE:NKE

149.59

9.99 (6.26%) 1d

Showing 1 to 15 of 109 entries

COMMENT

It reports Thursday. He doesn't expect good things. It supply chain is in tatters because it sources 50% of its materials from Vietnam and some worry that China's government will crack down on sneakers next. Nike, though, has nine lives. You can't short it or go long Nike. Be careful here.

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PAST TOP PICK

(A Top Pick Mar 02/21, Up 19.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NKE is progressing well and has achieved our $164 target. To remain disciplined, we recommend covering 50% of the position and trailing up the stop (from $110) to $140.

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SELL ON STRENGTH

Sneakers and other casual shoes are doing well. Has done well from the leisure demand from WFH. Believes people will start buying other types of apparel. Take some profits. The company has done well. Probably fully priced here.

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PAST TOP PICK

(A Top Pick Jul 14/20, Up 68%) They put out some long term guidance that blew the street away. They have a strong history of beating and raising. It is more of a hold now at these prices.

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BUY on WEAKNESS

How did so many get Nike so wrong? He used to own it, but sold it over the last three months. He was worried. Now, he's kicking himself. Worried about China where the government is persecuting Muslims, and the government cracked down on H&M then Nike, which had criticized China's human rights record in the past. Other reasons for bearishness: Nike's previous weak numbers, shipping bottlenecks about the world, expectations of the slowing of leisurewear, uncertainty over the Summer Olympics, plus weakness from peer Foot Locker. Instead, Nike delivered massive blow-out numbers, has a long history in China where Nike has created lots of jobs. Perhaps their brand is so big it transcends politics. Nike is up 52% over the past year. Also note that Nike criticized China's government discreetly with a statement on their website. Also, Nike deals with logistics well despite worldwide supply bottlenecks. Third, Nike sells half its products online. He will likely buy this back.

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COMMENT

They report Thursday. The street expects a big number from their US business, but there are fears over a Chinese boycott. China is a big market for Nike. He sold this a long time ago. If Nike makes their numbers, they will be rewarded with price target boosts.

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COMMENT

It went through the meat-grinder this week based that its human rights stance could triggers a boycott (https://www.cnn.com/2021/03/25/business/hm-nike-xinjiang-cotton-boycott-intl-hnk/index.html). Today, Nike saw an upgrade. But China is a huge market for Nike, so Nike is at risk if Beijing starts cracking down on companies criticism, even mild, against the Chinese government. It's possible that US-China relations may not improve under Biden, but we'll see.

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BUY on WEAKNESS

Last night's quarterly report was mixed, but their problem is a container shortage and shipping congestion. All else is fine with Nike. Definitely, buy on this dip.

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BUY

Allan Tong’s Discover Picks This powerful brand thrived during 2020’s lockdowns driven by strong e-commerce sales and ongoing support from loyal Chinese consumers. In its last-reported quarter,revenues from China soared 24% compared to only 1% in the U.S . In that period, online sales rocketed 84%. In fact, last fall Nike reached its e-commerce goals three years ahead of schedule. Read 3 Overdone and Oversold Stocks for our full analysis.

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BUY on WEAKNESS

Is getting hammered in the current rotation out of 2020's winners (e-commerce retailers like this) and into reopening plays (travel, hotels).

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TOP PICK

Stockchase Research Editor: Michael O'Reilly NKE has clearly benefited from the pandemic, trading up to 78x earnings. However with EPS expected to be up over 25% next year and to average over 34% annually over the next five, its forward PE looks like a more reasonable 35x earnings. It pays a smallish dividend, backed by a sustainable 55% payout ratio. HSBC just upgraded the company to a buy last week, citing the company is now realizing its strategy of achieving both higher margins and growing market share. We would buy this with a stop-loss at $110, looking to achieve $164 -- upside potential of 20%. Yield 0.74% (Analysts’ price target is $163.68)

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PAST TOP PICK

(A Top Pick Feb 27/20, Up 58%) He took profits because of valuation. Future growth depends on China and EM. That's where the valuation going forward gets foggy. Excellent brand.

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BUY

A past pick from summer 2020 when we started turning the corner on the pandemic The stock is now pricey, but Nike keeps shooting the lights out with super digital sales growth. Well-run. They sell directly to consumer and cut out the middleman. Stick with this.

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BUY on WEAKNESS

Buy or watch stocks like this when markets pull back suddenly like they did today--and swung up. Nike popped 3.27% today after reporting a super quarter Friday, including amazing digital sales, strong numbers in China, and 7 billion brand impressions in social media. Also have launched a new app, SNKRS, that sells the latest special-edition shoes.

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BUY

He expects a good report from them next week, because their physical stores sales are coming back hard, and their e-commerce is on fire.

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Showing 1 to 15 of 109 entries

Nike Inc(NKE-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 14

Stockchase rating for Nike Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nike Inc(NKE-N) Frequently Asked Questions

What is Nike Inc stock symbol?

Nike Inc is a American stock, trading under the symbol NKE-N on the New York Stock Exchange (NKE). It is usually referred to as NYSE:NKE or NKE-N

Is Nike Inc a buy or a sell?

In the last year, 14 stock analysts published opinions about NKE-N. 13 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nike Inc.

Is Nike Inc a good investment or a top pick?

Nike Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Nike Inc.

Why is Nike Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nike Inc worth watching?

14 stock analysts on Stockchase covered Nike Inc In the last year. It is a trending stock that is worth watching.

What is Nike Inc stock price?

On 2021-09-24, Nike Inc (NKE-N) stock closed at a price of $149.59.

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