NKE is trading at its 2018 crash low, just $5 away from its 2020 COVID low. đź‘€The company said that after the current quarter, things will improve.
China was down 17%, but China is going to implement stimulus measures to boost consumption.
It’s not hard to imagine China’s consumption rebound helping Nike.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.