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NIKE INC

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NKE trade ideas

NKE continues to show some strengthThis is a update to my previous NKE post (I know I can update that post but I wanted to add a more current photo. I have added MACD to my to try and get a better feel for buying and selling pressure, and also using Channel lines, which have been quite helpful. In this example, NKE was trading between $71-$76 until a spike above $76 into the low $80's with no news. I'll be honest I was using my trading strategy and used PUTS at $76 and got burned but I still think NKE has a lot to be desired. I'm always up for a small lesson from the market =)
NYSE:NKELong
by pcseiden
finally i bought me some nikei didnt buy nike because their price didnt fit my longest term trendline. to me they were too high and i avoided this correction besides the 81 usd pivot point back at 2023 which i didnt see any profits from the continuation of our downtrend. but this finally hit my trendline and hopefully the bottom is in. in order for me to continue my investment i would like to see a reversal like i drew on the chart, this will prove to be an inverse head and shoulders type of thing this pivot point that we are currently touching can prove as resistance to some extent or a continuation of the downtrend in which case i will probably buy on the next pivot point in confluence of this long term trend. nike had a tough year and everything is possible. for me they can provide an oprotunity, enough they hit their last ATH and we have ourselves a 137% profits. if it continues we can achive a new ath with better profits. i would be wary to invest all my money in them like i would with any company but investing some of my money there can provide a decent yield at one point in time. to me even if i make 25% avg every year in 5 years thats a great investment. so i dont even stress. if its more and faster idm getting that money. this is not an advice and im far from a proffesional
NYSE:NKELong
by Captainobvious5454
NIKE | JUST BUY ITNike topped Wall Street estimates for first quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures, sending its shares up about 8% in extended trading. Nike (NKE) is the largest apparel company in the world, with leading positions across different categories and regions. The company is currently facing challenges such as elevated inventory levels, inflationary pressure, and slow growth in China. Such issues have resulted in the stock dropping by 19% YTD. Although these headwinds are serious, I believe the company's durable brand, leading position, and high-quality products should allow it to come out stronger on the other end. 'Nike is a brand that is of China and for China' -John Donahoe Like every other apparel and retail company, Nike thought post-pandemic demand would continue, so it increased production, which led to inventory levels hitting an all-time high in Q1-FY22, but as we know, that wasn't the case. Although NKE's inventory level is down from all-time highs, investors are still concerned, especially when inflation is eating into people's pockets and growth in China is slowing. Inflation in North America has come down to 3.7% from its peak in June at 9.1%, but it is still a concern in Europe (6.1% in the EU union). As you can see from the graph below, sales in China have been decreasing for the past two years. There are multiple ways one can explain this: COVID related lockdowns resulted in the shuttering of some stores. Plus, Nike and other apparel companies started facing a backlash in China in 2021 due to the alleged use of forced labor in cotton production. However, if the company is successful at expanding into China, then we can expect a lot of room for growth. Now that I have addressed the problems that are facing Nike, let me explain why I believe the company will overcome them. Nike sponsors the most well-known athletes such as Cristiano Ronaldo (+600 million Instagram followers), LeBron James, Michael Jordan, the late Kobe Bryant, Rafael Nadal, Tiger Woods, and more. This has helped the company build a loyal customer base and further boost its brand equity. With a loyal customer base comes pricing power, and as Warrant Buffet said: Nike's pricing power is no joke. Its shoes have reached a level where they are considered luxury, with some selling for more than the $10,000 mark. In 2017, Nike's median price for a shoe regardless of gender was $80, which is $10 more than its biggest competitor, Adidas. I know 2017 was a long time ago, but shoe prices have increased since then, and I believe Nike is still in the lead given their dominant market position. Plus, Nike targets mostly the age demographic of 25 and 34. These are people who have not settled in yet. They just graduated college with extra income to spend on things such as expensive shoes. I believe this pricing power will continue as the company continues to sponsor talented upcoming athletes to build trust with customers. Another way to measure Nike's brand power is by comparing its marketing spending against its peers. Nike's marketing budget in FY 23 was $4 billion, or 7.9% of revenue. On the other hand, Adidas spent 38% and Under Armour 11%. These companies have been allocating more of their revenue towards marketing but have experienced nowhere near the growth Nike has. NKE's association with well-known athletes in the U.S. has allowed them to have a 96% awareness rate, 53% usage rate, and 43% loyalty rate. Going forward, I expect the company's brand will remain high-quality due to sponsorships, high-quality products, and market-leading technology. Founded by Bill Bowerman and Phil Knight in 1994, Nike has come a long way from its first store in Portland, Oregon. As of May 31, 2023, the company had 369 stores within the U.S. and 663 internationally, operating in more than 190 countries. Stores include franchised stores and third-party retailers. The firm owns multiple brands such as Jordan, Converse, and Nike. The company derives sales from four main segments and across four regions. I excluded Converse (4.74% of revenue) from the graphs below because I wanted to focus on the Nike brand. The company's app, NikePlus, has more than 160 million users. On a trailing free cash flow basis, the stock yields over 3.3% relative to its enterprise value. My ~$104 May 24 PT implies a 28.00x P/E and 20.00x EV/EBITDA. Both multiples are below the ten-year NTM average and in line with the median. I project revenue to compound at a rate of 6.47% over the next three years, driven by market growth and new products, while shares decrease at a rate of 2.67%, driven by stock buybacks. The company is forecast to spend $12.1 billion on share repurchases over the same period. Additionally, I believe the company still has room for margin improvement driven by price increases and DTC mix (direct-to-consumer). In FY 2019, DTC sales constituted 31% of revenue, and that figure stood at 44% in FY 2023. Although NKE is trading at a premium compared to peers, I believe it is reasonable considering its scale, high-quality products, and strong brand. The first risk that I would associate with NKE is competition. The company competes with conglomerates such as Addidas, Puma, New Balance, Under Armour, and more. Additionally, e-commerce has made it very easy for anyone to start their own footwear brand. Other key risks to my rating include supply chain distributions, a recessionary environment, and slow growth in China. Finally, we can point out that NKE appears technically oversold heading into the Q1 earnings report. From the chart , there has been relentless selling pressure over the last four months since NKE was trading at $130 per share. The potential that NKE delivers a "good" earnings report with encouraging guidance, brushing aside fears the company is facing a deeper deterioration in its operating environment could be enough for shares to reprice higher. Simply put, our take is that NKE bears have gone too far, opening the door for bulls to take control. The bottom line is that Nike is currently experiencing headwinds such as elevated inventory levels, inflationary pressure, and slow growth in China. Every business goes through similar challenges at one time or another, but I believe Nike is well-positioned to overcome these issues due to its durable brand, high-quality products, and leading position. I expect the company to keep endorsing high-quality athletes to elevate its brand equity and further strengthen its pricing power. My valuation implies a price target of ~$104 for May 31, 2024. If you into NIKE brand you can watch Air film and read Shoe Dog book as well
Editors' picks
NYSE:NKELong
by moonypto
20
Hedge Fund Managers Buying, so was IBill Ackman has been loading the boat on Nike. I did advice you guys to also start loading, whilst all the analysts became bearish and the media outlets spout their usual nonsense. This is the second American super brand, after Starbucks, subject to an activist investor seeing value and exerting pressure on the senior management. If you refer to my earlier analysis, you will see that I identified Nike as a buy due to a confluence of support : the Fibonacci golden pocket, along with support of the 0.75 Fibonacci Speedfan, amongst other levels. I don’t intend to hold this for years to come, I suspect nor does Ackman who has previously traded Nike as a swing trade, cashing out a few months lager. My intention is the same here. Whilst this is still not the confirmation of the start of an impulsive move up, and we have only just finished correcting the 5th wave of the grand supercycle, I expect us to rally upwards towards the $90-100 in the weeks to come. I will review the strength of the move later to determine how long I hold this. Not financial advice, do what’s best for you.
NYSE:NKELong
by NoFOMO_
$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences: - Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support) - Price action is also at a Demand Zone - Stochastics is at Oversold levels on the Weekly & Monthly TF Fundamental Confluences: - Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years - Who doesn't love Nike; aside from Adidas? ________________________________ NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio. The Nike brand will not die off that easily. Definitely, a value buy; for me. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:NKELong
by weekendanalyst
Why Nike Might Be a Contrarian Investment Temporary Setbacks: Despite its strong brand and market position, Nike has faced challenges such as supply chain disruptions, increased competition, and economic downturns. These temporary setbacks can lead to a decline in stock price, creating a buying opportunity for contrarian investors who believe in the company's long-term prospects.   Overreaction to Negative News: The market often overreacts to negative news. If Nike faces challenges, its stock price might drop significantly. Contrarian investors might see this as an opportunity to buy a quality stock at a discount, believing that the market's pessimism is overblown. Valuation Discrepancy: Sometimes, Nike's stock price might not fully reflect the company's intrinsic value. A decline in stock price due to market sentiment might create a valuation gap, making it an attractive investment for contrarian investors.   Long-term Growth Potential: Nike has a strong brand, a global presence, and a history of innovation. These factors suggest long-term growth potential, which can make the stock an attractive contrarian investment, especially when the market is pessimistic.  
NYSE:NKELong
by StockBlog
NKE is worth watching for an entry point based on RSI and volume My Trading Strategy is very basic, a classic K.I.S.S. Philosophy. Using StochRSI, a 5 year chart for historical data and a YTD chart for current data. I look for oversold discounted companies. Nike had a ton of negative press, blah earnings and the stock price got clipped after they reported. To me, this fits my strategy to a tee, and patience and paying attention to RSI particularly will serve me well. Today, NKE price had the first of 3 bullish price moves. I’d prefer to see the RSI on both K&D be above 35 before trying to make an early move however in this case, RSI rose well above 35 but the stock price did not follow. I opted to wait and see if buying volume would continue. My trades are typically for 3-10 days and my exits vary by stock performance, market conditions etc.
NYSE:NKELong
by pcseiden
4
Analysis of Nike Stock: Potential for RecoveryAfter issuing poor guidance, Nike's stock experienced a significant decline. Over the past month, it has been stabilizing and establishing a support level while attempting to fill the gap created by the drop. With the next earnings report scheduled for September, there is potential for the stock to recover. Key Points to Consider: Current Price Action: Nike's stock is currently consolidating, showing signs of finding a floor. This consolidation period often indicates that the market is absorbing the recent news and setting the stage for a potential rebound. Short-term Target: Before the September earnings report, Nike's stock could recover to around $88. This level would represent a retracement as the stock attempts to regain some of its lost ground. Earnings Catalyst: If Nike reports better-than-expected earnings in September, the stock could potentially rally to around $100.
NYSE:NKELong
by khongorzul0317
Quick Take: NKE Nike ## Technical Analysis of Nike (NKE) Stock Chart ### Trend Analysis 1. **Long-term Trend**: The chart shows a strong upward trend from 2014 until 2021, reaching a peak at 173.32. Since then, the stock has been in a downtrend. 2. **Current Trend**: The stock price is currently below all major moving averages (MA5, MA10, MA20), indicating a bearish trend. ### Moving Averages - **MA5 (85.62)**, **MA10 (95.06)**, and **MA20 (103.37)**: The stock price is significantly below these levels, reinforcing the bearish trend. ### RSI (Relative Strength Index) - **RSI(14) at 34.49**: The RSI is below 50, indicating bearish momentum. It is close to the oversold region (below 30), which might suggest a potential reversal or a pause in the downtrend. ### Support and Resistance Levels 1. **Immediate Support**: Around 70.00-72.00, as indicated by historical price action and the current price level. 2. **Next Major Support**: Around 60.00, based on previous significant price levels. 3. **Immediate Resistance**: The moving averages (MA5, MA10, MA20) will act as resistance levels (85.62, 95.06, and 103.37 respectively). ### Volume Analysis - **Volume Spikes**: Significant volume increases during price declines, indicating strong selling pressure. ### Price Targets 1. **Bullish Scenario**: If the stock price manages to hold above the immediate support around 70.00 and the RSI moves upwards from the oversold region: - **Short-term Target**: 85.00 (MA5) - **Medium-term Target**: 95.00 (MA10) - **Long-term Target**: 103.00 (MA20) 2. **Bearish Scenario**: If the stock breaks below the immediate support around 70.00: - **Short-term Target**: 65.00 - **Medium-term Target**: 60.00 ### Recommendations - **For Long Positions**: Wait for confirmation of support around 70.00 or a reversal signal (e.g., bullish RSI divergence) before entering. - **For Short Positions**: Consider shorting if the stock breaks below the immediate support around 70.00 with a target of 65.00 or 60.00. ### Final Note - **Risk Management**: Set stop-loss orders to manage potential downside risks. For long positions, consider placing stop-loss just below the support level at 70.00. For short positions, place stop-loss above the recent high or a key resistance level. This analysis is based on the current chart and indicators; always consider market conditions and other fundamental factors before making trading decisions.
NYSE:NKE
by MaxLemon