Nike stock trades on the New York Stock Exchange under the symbol NKE.
I know a lot of investors find jumping into a trade difficult when things look “bad”. The plunge Wednesday morning certainly looked bad at the open didn’t it. But Nike is a great company with solid management and growing revenues. Even though they missed by $200 million on estimates in the most recent quarter, they still saw their sales jump 8% for the quarter. The net earnings rose 22%. Who wouldn’t want those kinds of returns for a single quarter!
Nike Stock (NKE) – Trade Ideas
For investors who missed profiting from the plunge, there could be some trades open up on Thursday or even at the start of next week. Here are some trade ideas in Nike Stock to consider following the plunge in stock value.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.