Nike

What do you think about the growth of $NKEstock ?

Nike announced plans to reduce its reliance on manufacturing in China for the U.S. market. Following the news, the stock rose more than 15%. I held$NKEstock in my portfolio for a while, but later sold it because I don't find it that attractive in the long run and this news doesn't mean any major turnaround yet in my opinion.

📅 Key events of the upcoming week!
Markets will react to developments in the Middle East. I'll be watching more results of interesting companies and many other macroeconomic events.

🏭Monday
Services and Manufacturing PMI (US) - Hints of the pace of economic activity in June.
🏘️ Existing Home Sales - We'll see how the US housing market performs.
🎙 Waller's FOMC speech - Possible...
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Have you ever been affected by the FOMO effect? If so, in which investment or stock?

I got influenced by it in the beginning mainly in $NKE and $CVS. I did what everyone else was doing and was afraid of being left behind - which was a mistake. But I've taken a different approach over the last year, and I'm trying to be guided mostly by facts, not sentiment.

📉 Nike dropped to 2017 prices under tariff pressure!
Nike $NKEshares plummet by more than 13 %as the US administration announced a dramatic increase in tariffs on imports from Southeast Asia.
Specifically: 46% tariff on Vietnam, 32% on Indonesia, 49% on Cambodia, and another 34% on China, on top of the previously imposed tariffs.

What do you think of the $NKEresults ? Will anyone be buying in today after a 7% drop ?

Nike reported results yesterday that beat expectations, but the stock fell about 7% in the aftermarket. The drop was due to news that the company expects a significant drop in sales. Fortunately,I don't have$NKEstock in my portfolio, but I believe the company will recover over time and...
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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?

📅 Weekly overview of interesting events!
This week will be rich in economic data, major Fed decisions and the last few results of interesting companies. Let's take a look at the overview.

🏭 Monday
🛍 US Retail Sales - A key indicator of consumer strength.
NY Fed Manufacturing Activity Survey - We track the state of industrial production and sentiment among manufacturers in New York...
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Shares of $NKE are down about 30% over the past year and the company is not doing well, but the opposite is true for Adidas. In fact, $ADS.DE shares are up more than 30% over the past year. I personally don't like this sector at all and I don't have Nike or Adidas in my portfolio.

Does anyone have $ADS.DE in their portfolio?

💡 Nike: a return to its roots and financial results! 🏀👟

Nike Inc $NKE reported revenue of $12.4 billion in the second quarter of fiscal year 2024, a decrease of 8 % from the previous year. Still, the results beat analysts' expectations, who had estimated revenue of $12.12 billion. Net income decreased by 26 % to USD 1.2 billion, while gross margin fell by 3 to 3.5 percentage...
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🌟 Key events of the week: Get ready for important news! 🚀

This week brings key economic data, Fed policy decisions and interesting corporate results. Don't miss these events!

🎄🕯️Přeji to all, have a peaceful Advent Sunday and lots of comfort for this Christmas season.

⚙️Pondělí:
NY Fed Manufacturing Activity Survey: A local but important indicator of sentiment in the manufacturing...
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So $NKEstock is down nearly 8% after the results. I used to own their stock, but I sold some time ago and won't be buying again.

Is anyone buying/selling $NKEstock with this drop?