The main driver of the past two weeks remains the growing dollar index, which...
Nike: keeping our finger on the pulse
Nike is a multinational company originally from the USA. It specializes in sportswear, shoes and accessories. The company owns the rights to trademarks, develops designs and owns a developed network of retail stores. The bulk of Nike products are manufactured outside the country.
Nike reported the other day effectively – revenue growth of 4% in the third quarter. Revenue parameters, like EPS, were better than expected. Net income per share was $0.93 versus the forecast of $0.92.
Nike’s strong positions:
Accumulated goods in warehouses may complicate sales of new Nike collections, but this is a temporary phenomenon. The stabilization of the economy after the recession will even out consumer demand for clothing and shoes, and Nike will be able to expand the pool of loyal customers.
However, while the market-wide minor is pulling Nike shares down, the time to buy has not come yet, but it is worth carefully monitoring the development of the situation.
The consensus forecast for the paper is $110-115.
The MACD indicator on the daily chart falls in the negative area and signals a sale. The Stochastic oscillator starts to grow in the negative area and forms a buy signal.