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Nike

FOOTLOCKER LONG INTO EARNINGSWe have here a retailer with a P/E AND P/S that puts the rest of the market to shame. We HAVE to ask ourselves when do the value investors step in? I believe that question will be answered on AUG.23rd on the back of this companies earnings. They lowered expectations and with 60% of their sales coming from Nike and with Nike beating earnings this is a good bet. I see a 17% upside on the back of good earnings. Stop loss at 36, Take profit at 47. Good luck.
NYSE:FLLong
by cryptorichhh
Elliott Wave View Favors More Upside in Nike (NKE)Short term Elliott wave view in Nike (NKE) calls the rally from June 3 low unfolding as a 5 waves impulse Elliott Wave structure. Up from June 3 low, wave 1 ended at 78.58 and wave 2 pullback ended at 77.58. Wave 3 ended at 84.23 and subdivides as another impulse structure in lesser degree. Wave 4 pullback ended at 82.47, and wave 5 ended at 84.38 which also subdivides as an impulse in lesser degree. The 5 waves move higher ended wave (A) and the stock is now correcting cycle from June 3 low in wave (B) The correction is proposed to unfold as a zigzag Elliott Wave structure. Potential area where wave (B) can end is 50 – 61.8% Fibonacci retracement of wave (A). This area comes at 79.69 – 80.54 where buyers can appear for more upside. We don’t like selling the stock.
NYSE:NKE
by Elliottwave-Forecast
NIKE 1D COLLAPSINGPotential Market Problem with Chinese Tariffs Market Place - 5 Dow Stocks with High Chinese Exposure with 10% revenues in China Apple, Boeing, 3M, Nike, Procter & Gamble Market Realist - 2014 28% Nike shoes sold in China 34% Nike Apparel sold in China GQ - 2017 19% Nike shoes sold in China 1D chart Descending Triangle chart pattern Weekly support levels shown Triangle bottom and Weekly support level create a support zone Watch for a candle close below this zone Watch for a break-hook-go pattern on smaller time frame Decreasing volume and rising price shows buyers weakening creates a bearish bias
NYSE:NKEShort
by Tradingstrategyguides
Nike trajectory - Med term target $54 in 2019?Thank for viewing, Disclosure; I haven't been tracking Nike until a couple of days ago and thought I would post this to see if I can get some feedback. I am not presently able to short trade this share so am just watching for now. I was drawn to it by recent news about presumptive Np.1 NBA draft pick Zion Williamson's and minor injury caused by a Nike shoe blowout. My analysis does in no way hinge on this story, but it can't help the Nike share price and it may just be enough to allow the previous swing high to not be exceeded. A lot of people (who aren't top level sports talent) can place themselves in Zion's shoes (like literally). I would also point to Nike's increasingly politicised marketing campaigns as a cause for investor concern (personally I am a supporter or Colin Kaepernick's protest and would like to see him play again) simply because they have decided to place a talented Sportsman who isn't presently playing at high levels at the centre of their marketing campaign. You don't need to wear the best designed sports shoe to protest inequality. There is a risk that Nike's huge (31% of costs) marketing budget has become at least partially un-linked to mastery in the game. This perceived link had, until now, served them very well. Air Jordans were the highest selling shoe because almost everyone wanted to emulate or be associated with Michael Jordan's absolutely dominant and universally recognised basketball mastery. Even sales of these have slowed recently (www.thestreet.com). These are sideline issues compared to the increasing miscompare between Nike's share price and dividend yields. in late 2017 Nike's PE ratio went from 22 in August and 25 in November to 62 in Feb 2018 and 65.57 in August 2018 (www.macrotrends.net) also (ycharts.com). This is over-extended bubble territory. When PE ratios get too high and EPS fall investors are understandably less willing to accept share price volatility (which increases), so any price weakness should result in a steep selloff. This is a conditional post; I have shown on the chart what I expect to happen over the coming weeks. If the price and RSI both show a lower high and the MACD MA crossover holds and heads downwards for the zero line I think a deep correction is in play. If these three things happen, I would say $54 per share is conservative. Results are expected in a few days at the end of February, expect the high of $86.04 to not be exceeded and the results to be insufficient to support such an inflated PE ratio (which, of course, hinges on very bullish expectations of future growth). Even if Nike posts expected or above expected earnings guidance I expect there to be a sell-off as investors realise how over-extended the share price has become. This was seen in 2018: "Investors weren't all that impressed. 10 percent revenue growth ... it really needed to be a little bit more than that," Stacey Widlitz, president of consulting firm SW Retail Advisors, told CNBC (www.cnbc.com)." My view is, of course, coloured by a an increasingly bearish view of the S&P500 and expectations of a European (Italy in recession, Germany likely to follow with GDP growth currently at 0%) and US recession possibly apparent shortly. Most analysts are calling a 2020 US recession. I just think it may be brought forward a few months. Nike has increased revenue by raising prices for its goods, something that may shortly become unsustainable. I will be following with interest. Good luck everyone and protect those funds.
NYSE:NKEShort
by flyinkiwi10
NKE Do not burn your NIKES, even if they're running below trendThey could be dirty, cracked and stinky as hell, but they will always be Nikes. Definitely, the trendline is calling to the price so it looks like we have a bearish movement here with some levels at $80.41, $75.62 and finally at $71.74. I'd be ok just with the second target. What do Wall Streeter boys think about? They have a target of around $85.61 a share, which of course that target has already been hit. However, also mine at $80.41. Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
NYSE:NKE
by wildcreamlife