Nike will report its results on Thursday. The company hasn't been doing too well recently, results have been less than ideal and the stock has been falling for some time. I had $NKE in my portfoliofor a while , but then I sold because I don't find the business very interesting and don't see the potential.
What's your take on Nike?
The company may grow nicely over the long term, but the performance is just weak and there are much more interesting companies to be found now.
I have a smaller position and I overbought last month. Nike is a great company, except now the stock has been down for a long time.
I don't have their stock in my portfolio either and I won't be buying it, but I'll be watching the results because I'm interested to see if the company has started to do well.