Is Nike Stock a No-Brainer Buy Right Now?

Is Nike Stock a No-Brainer Buy Right Now?

In this video, I will talk about Nike‘s (NYSE: NKE) recent earnings report, which saw the stock crash 20% on Friday, June 28.

*Stock prices used were from the trading day of June 28, 2024. The video was published on June 30, 2024.

Should you invest $1,000 in Nike right now?

Before you buy stock in Nike, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now
 and Nike wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $757,001!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

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*Stock Advisor returns as of June 24, 2024

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Is Nike Stock a No-Brainer Buy Right Now? was originally published by The Motley Fool

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