NIKE (NKE) STOCK JUMPS 15%, TURNAROUND IN PROGRESS — AN OPPORTUNITY FOR THE LONG TERM INVESTOR
By Nigam Arora
Opportunity
There is a likely opportunity in Nike (NKE) stock for the long term investor.
Stock Decimated
NKE stock has been decimated due to falling revenues and profits for the following reasons.
- Allinating wholesalers
- Allinating retailers
- Design mistakes
- Slowing sales in China
- Ex-CEO with tech background not in tune with retail
Earnings
NKE reported earnings in line with the consensus and worse than the whisper numbers.
Turnaround
Nike (NKE) has a new CEO who is laser focused on turnaround.
The conference call was very positive. The turnaround is in progress. The company believes the sales have hit the bottom. … Please click here or the title below to read more.
June 30, 2025