NIKE, Inc.·Consumer Cyclical

While President Donald Trump said he would "remember" the companies that didn't seek tariff refunds, many of the largest U.S. companies have done so anyway. Among the major U.S. corporations that have tried to get the money they paid in duties back are Walmart, Apple, Nike, Home Depot, General Motors, FedEx and Costco.

Nike Inc (NYSE:NKE) shares are edging higher Thursday as investors rotate into consumer and cyclical exposure with market breadth positive.

Nike (NKE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Nike Inc (NYSE:NKE) shares are trading higher Wednesday as consumer discretionary stocks catch a wave of buying interest. A pullback in energy prices and easing long‑term Treasury yields are helping revive confidence in cooling inflation and steady consumer spending power.

@Theotrade's Don Kaufman breaks down today's Big 3. He includes a bullish call spread on Nike (NKE), a bearish outlook on CVS Health (CVS), and explains why he sees Cisco (CSCO) as a steal at current prices.

Nike has declined over 30% YTD, but I reiterate my 'Buy' rating, viewing the selloff as sentiment-driven rather than fundamentally justified. NKE is pursuing innovation with 150 new patents and targeted product launches to regain market share and drive future growth. Disciplined inventory management and a path back to full-price sales position NKE for margin recovery, with the potential to return to ~50%s gross margin.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
Consumer Cyclical
Apparel - Footwear & Accessories
79,400
1980-12-02
1.12