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NIKE INC

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NKE trade ideas

NIKE - Gap Closure as First TargetProperly configured Fiboclouds provide support for reaching the first target by closing the gap. If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened. This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far. Follow us to receive notifications of new trades as well as frequent updates on ongoing trades. Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach a larger number of people! Thank you!
NYSE:NKE
by EthosInvest
NIKE 100 AFTER EARNINGS ? Nike’s stock has the potential to reach $100 after earnings due to several key factors highlighted in recent financial reports and analyses: BY CAFE CITY STUDIO 2024 Earnings and Revenue Beats: Nike’s fiscal Q2 results showed a 17% year-over-year growth in sales, surpassing Wall Street’s expectations. This positive performance, along with earnings per share (EPS) that edged up 2%, has been a significant catalyst for the stock’s rise. Raised Full-Year Revenue Guidance: Management’s decision to raise the full-year revenue guidance reflects confidence in Nike’s financial outlook and can be a strong indicator for investors, signaling potential growth and stability. Cost Reductions and Margin Improvements: Nike executives have mentioned that product costs are expected to fall in the second half of the year, along with a more favorable foreign-exchange environment, which could lead to improved margins. Strategic Business Adjustments: Nike is adapting its sales strategy by planning for near-term sales declines at major partners like Foot Locker. This recalibration aims to reduce dependence on third-party retailers and increase direct sales, which could enhance profitability. Market Position and Brand Strength: Despite stiff competition and weaker demand, Nike’s enduring brand appeal and shift towards more casual gear position it well to capitalize on market trends. Innovative Product Offerings: Nike’s focus on serving specific consumer segments, such as women and everyday runners, and expanding into fast-growing segments like trail running, demonstrates its commitment to innovation and market expansion.
NYSE:NKELong
by NYRUNSGLOBAL
NIKE - Hawk'em Strat (jun week2) - buy Expect week of June first to hit currency on the negative side allowing stocks to rally up. Strat shows a strategic (4.7%)/(5.5%) incline. nike's bullish statistical data suggests a short-term uptrend aligning with SEIIV Studio's statistical data which shows valid coordination in the fathering markets main objetive = 3.3% goal = Nike 5 day bull window Reversal shows end of trade reversal goal. TP is forecasted as half of original reversal target of 5.7% Webull Trading Plan : week 2 of june Strike price: $97 (buy order) limit price: 0.45 (TP) Limit Price: 0.97 stop Price 0.28 Contracts = 6
NYSE:NKELong
by Sylynt056
Nike Set To Lay off 740 Employees at Oregon HeadquartersNike, the world's leading sportswear manufacturer, has announced its plans to lay off around 740 employees at its global headquarters in Oregon. This move aligns with the company's cost-cutting strategy, which was disclosed in December 2023, with the aim of saving $2 billion over the next three years. The second phase of layoffs is expected to commence by the end of June 2025, as the company looks to scale back on specific franchises amidst an uncertain demand scenario. In compliance with the legal obligation, Michele Adams, Nike's Vice President for People Solutions, has notified the state authorities that the second phase of layoffs would begin at the company's headquarters. Earlier in February, Nike had indicated that it would cut around 2% of its total workforce, which equates to over 1,600 roles. As of May 31, 2023, the company had around 83,700 employees. Despite the announcement, Nike's shares rose marginally in after-hours trading, although they have declined by nearly 13% this year. Several companies in the U.S. and Canada have announced new rounds of layoffs to curb costs in the face of an uncertain demand environment. In March, Nike warned that its revenues in the first half of fiscal 2025 would shrink by a low-single-digit percentage. The company's decision to downsize its workforce is part of its strategy to rein in costs, as it navigates through a challenging business environment.
NYSE:NKE
by DEXWireNews
$NKE bulls are in dangerNYSE:NKE is breaking down under a MAJOR multi-YEAR trendline (white) extending all the way from late 2017. This trendline was support and is now resistance. This week, NKE bounced off September 2023 lows and is now the rising white trendline which is acting as resistance. Bearish setup - if NKE continues to break down the first level of support is at 88.66 which is the September 2023. Interesting, flow indicates traders bought short-term and medium-term $90, $91, and $92 puts. The next major level is October 2022 lows at 82.50. Indeed, flow indicates that $168,265 worth of October 2024 puts were bought on April 10th, 2024. Bullish setup - if NKE can reclaim the rising white trendline and base above it this would be bullish and signal a false breakdown. If this occurs, the primary target is gap fill of the March 2024 earnings gap down at ~$100.79. Indeed, on Friday April 12th, a trader sold at bid $1.31M worth of April 19th, 2024 puts. Another trader bought $61,500 worth of September 100 calls. Weekly RSI and Williams %R are extremely oversold suggesting NYSE:NKE has the potential to rally if it reclaims the rising white trendline.
NYSE:NKE
by Yusuke_Trading
NIKE - Just Buy It!Nike tends to have corrective phases every now and then. We are now seeing one of the biggest corrections to date. We could be correcting in excess of 50% which would put us in a great position to buy Nike for the longer term. Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. In other words, its very unlikely that Nike will go bust and so any dips should be seen as a buying opportunity. Our first point of interest is the structure level at 80. Ideally we break below that in accordance Elliott Wave Theory. We want to see wave C go below wave B. Our ideal buy zone is the 60 level where we have the -27 fib extension. Once we come towards that region, we'll be looking for any bullish price action indicating a reversal and the start of the next massive bullish leg. If we go even lower than 60, then it's more of a reason to buy and load up! We're looking for targets of atleast 200% as first targets. This trade is one to hold for the long term. What do you guys think? Goodluck and as always, trade safe@
NYSE:NKE
by WicktatorFX
2