Hello investors
Recently, there was a discussion in my class about Nike shoes.
Since I'm completely unfamiliar with shoes, I was more interested in $NKE stock.
However, I haven't followed the stock much and I don't hear or read much information about the company. I hereby turn to you.
I would be glad if you could possibly write me something on this company and possibly if you have its stock in your portfolio or not and why.
Thank you in advance.
Shoes aren't my thing either and I'm just following this company from afar, but it has a nice discount. A competitive advantage like Nike has is always good for a portfolio, but I don't have room for this stock right now.
Nike has the best running shoes. In specialty stores, they account for 75% of all shoes sold.
I have that too, I held on, made a little money and then sold. I never jumped back in. I just saw some article recently in regards to Foot Locker $FL since the company has dropped quite a bit with the stock price and since it's a sports shoe retailer, which includes Nike, it might have some connection. Unfortunately, I don't know the details as I'm not really interested in these companies right now. But I wouldn't worry about $NKE just because it's a popular brand that people will still want. Their shoes are even traded similarly to the stock market, they have various limited editions and other sort of rare pieces for collectors. 😊
I held the stock and made a lot on the NFT/Metaverse hype, then sold and haven't held since.