On Tuesday Sep 26 2017 Nike released their latest earnings for the past quarter.
While earnings beat estimates at 57 cents per share versus estimates of 48 cents a share, earnings were still down 21.9% from the same quarter last year when Nike earned 73 cents a share. Revenue came in at $8.4 billion versus $9.1 billion. Forward guidance was not optimistic and that sunk the stock on Wed Sep 27. It reached a low of $51.03.
This article is a strategy discussion of how I am handling my Trade Ahead Of Earnings position in Nike Stock.
The rest of this trade strategy article is for FullyInformed Members..
Update of Nike Stock (NKE) – Trade Ahead of Earnings Strategy – Sep 29 2017
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.