Later in the upcoming week we get Nike earnings on Thursday June 27. To an extent the stock is already a bit overvalued as it trades at 33.1 times current price to earnings, so obviously a lot of investors believe the earnings will grow and the PE will fall in line with those earnings. At the same time, Nike has almost always commanded a premium PE over many other apparel and footwear companies so some investors would say that at 33 times PE, Nike stock is cheap. I think the answer is somewhere in-between.
The company has been unable to recover the 52 week high of $90.00 set on April 18th (2019). It is currently trading 4.72% below its 52 week high which if earnings meet or beat estimates should be easy to recover.
Nike Stock Analysis and Upcoming Trade Ideas
This strategy article looks at the stock before earnings along with anticipated earnings. It outlines the trades I am placing prior to earnings being released as well as after. There are trades planned for an earnings beat and an earnings miss.
This Nike Stock trade strategy article is for members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.