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Nike (NKE) Share Price Falls to Lowest Level Since 2017Nike (NKE) Share Price Falls to Lowest Level Since 2017 The chart for Nike (NKE) shows that the share price has dropped to around $55 – levels last seen in November 2017. Since the start of 2025, the stock has declined by approximately 27%. Why Has Nike’s Share Price Dropped? As noted in our analysis from September 2024, Nike shares had been trending downward for several months due to intense competition. However, President Trump’s tariffs have become the dominant bearish factor. This is largely because Nike relies heavily on manufacturing operations in Asia – many of which have been directly affected by the newly imposed tariffs. What’s Next? According to the Wall Street Journal, manufacturers are taking a wait-and-see approach. They’re reluctant to shift production out of Asia, which could mean higher prices for American consumers. A full return to U.S. production is unlikely due to: → a shortage of skilled workers and suppliers; → significantly higher wages in the U.S. compared to Asia; → relocating production from Asia is a complex business migration, not just a factory move – a process many companies might not be prepared for. Some firms are reducing their margins or optimising logistics, but most are hoping to weather the storm or delay major changes. Technical Analysis of Nike (NKE) Shares The price is forming a downward channel (highlighted in red), with the following characteristics: → the median line provided temporary support, but the early April rebound attempt was very weak; → the lower boundary of the channel now appears to be acting as support. The RSI indicator suggests strong oversold conditions. Bulls might take comfort in the proximity of the psychological $50 mark strengthening this support level. However, it seems that only positive developments on the tariff front are likely to reverse sentiment meaningfully. According to WSJ analysts, Trump’s recent comments hint at possible negotiations. But unless the President changes his stance, Mexico, Brazil, and India – nations well-placed to act as intermediaries between China and the U.S. – could emerge as the main beneficiaries. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:NKE
by FXOpen
Nike ($NKE): Just Bought the Dip (and New Shoes)!Nike stock is at its lowest price in 5 YEARS. This could be the best sale since the clearance rack at the Nike outlet! Nike NYSE:NKE stock is now at a 5 year low, and I don't see it going much lower from here. Here are some important facts about Nike: Stock is at a 5-year low despite sales increasing from $37 billion to $51 billion and income doubled. Down 63% from all-time high, despite good fundamentals. P/E ratio is at 22. The lowest since 2018. Forward P/E is at 33, which = growth expectations. Price to sales is at 2.2 The price to book is at 7.6, the lowest since 2017. EV/Sales is at 2. The lowest since 2017. Technical indicators are signaling oversold and the price is at a support level. All in all, it tells me that Nike is now the cheapest it has been in almost 8 years. Nike risks and issues: Inventory is high worldwide, and inventory movement has been slowing down. Although high, inventory is lower than in 2022 and 2023. Consumption might still suffer this year in the US due to austerity. It seems that many analysts don't like the stock because sales (although growing) are growing less than expected, the business in China is slower than expected, and there is a high inventory. Despite the issues above, what I see is an iconic brand selling at a 50% discount. Sales are up, income is up, ratios are looking good, and the company continues to be a great business, but the stock is selling at a discount. Nike will definitely not go out of business. This is a good example of buying value at a good price! Nike is already part of my portfolio (it has been since the Covid crash), but I'm now adding more. If I were to start investing now, I would start with a little DCA. Similarly to all my stock investments, I see Nike as a long term holding. But honestly, I see Nike as an iconic brand on a 50% OFF clearance sale—too good to resist. I went straight to the Nike store and bought two pairs of sneakers to help flush out that excess inventory. As a proud shareholder, I'm confident I'll see at least $0.01 back in dividends from my shopping spree! 😅👟 Quick reminder: This is my investing journey, not financial advice! 😊
NYSE:NKELong
by HenriqueCentieiro
NIKE INC. AMERICAN SHOOES LOOSING GLOSS, AHEAD OF U.S. RECESSIONNIKE Inc. or Nike is an American multinational company specializing in sportswear and footwear. The company designs, develops, markets and sells athletic footwear, apparel, accessories, equipment and services. The company was founded by William Jay Bowerman and Philip H. Knight more than 40 years ago, on January 25, 1964, and is headquartered in Beaverton, Oregon. As of July 15, 2024, NIKE (NKE) shares were down more than 33 percent in 2024, making them a Top 5 Underperformer among all the S&P500 components. Perhaps everything would have been "normal", and everything could be explained by the one only unsuccessful December quarter of 2023, when the Company’s revenue decreased by 2 percentage points to $12.6 billion, which turned out to be lower than analyst estimates. But one circumstance makes everything like a "not just cuz". This is all because among the Top Five S&P500 Outsiders, in addition to NIKE, we have also shares of another large shoe manufacturer - lululemon athletica (LULU), that losing over 44 percent in 2024. Influence of macroeconomic factors 👉 The economic downturn hurts most merchandise retailers, but footwear companies face the greatest risk to loose profits, as higher fixed costs lead to larger profit declines when sales come under pressure. 👉 The Nasdaq US Benchmark Footwear Index has fallen more than 23 percent since the start of 2024 as consumer spending is threatened by continued rising home prices, banks' reluctance to lend, high lending rates, and high energy and energy costs. food products - weaken. 👉 In general, the above-mentioned Footwear Sub-Industry Index continues to decline for the 3rd year in a row, being at levels half as low as the maximum values ​​of the fourth quarter of 2021. Investment Domes worsen forecasts... 👉 In the first quarter of 2024, Goldman Sachs made adjustments to its forecast for Nike shares, lowering the target price to $120 from the previous $135, while maintaining a Buy recommendation. The company analyst cited ongoing challenges in Nike's near-term growth trajectory as the main reason for the adjustment, anticipating potential underperformance compared to market peers, noting that Nike's 2025 growth expectations have become "more conservative." 👉 Last Friday, Jefferies Financial Group cut its price target from $90.00 to $80.00, according to a report. 👉 Several other equity analysts also weighed in on NKE earlier in Q2 2024. In a research note on Friday, June 28, Barclays downgraded NIKE from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $109.00 to $80.00. 👉 BMO Capital Markets lowered their price target on NIKE from $118.00 to $100.00 and set an overweight rating on the stock in a research report on Friday, June 28th. 👉 Morgan Stanley reaffirmed an equal-weight rating and set a $79.00 price target (up from $114.00) on shares of NIKE in a research report on Friday, June 28th. 👉 Oppenheimer reiterated an outperform rating and set a $120.00 price target on shares of NIKE in a research report on Friday, June 28th. 👉 Finally, StockNews.com downgraded NIKE from a "buy" rating to a "hold" rating in a research report on Friday, June 21st. ...and it becomes a self-fulfilling prophecy Perhaps everything would have been fine, and all the deterioration in forecasts could have been attributed to the stretching spring of price decline, if not for one circumstance - it is not the ratings that are declining due to the decline in share prices, but the shares themselves are being pushed lower and lower, as one after another depressing ones are released analytical forecasts from investment houses. 16 years ago. How it was On January 15, 2008, shares of many shoe companies, including Nike Inc. (NKE) and Foot Locker Inc. (FL) fell after investment giant Goldman Sachs (GS) slashed its stock price targets, warning that the U.S. recession would drag down the companies' sales in 2008 as consumers spend more cautiously. "The recession will further increase the impact of the key headwind of a limited number of key commodity trends needed to fuel consumer interest in the sector," Goldman Sachs said in a note to clients. In early 2008, Goldman downgraded athletic shoe retailer Foot Locker to "sell" from "neutral" and cut its six-month share price target from $17 to $10, saying it expected U.S. sales margins to continue to decline in 2008 despite store closures. The downgrade was a major blow to Foot Locker, which by early 2008 had already seen its shares fall 60 percent over the previous 12 months as it struggled with declining sales due to declining demand for athletic shoes at the mall and a lack of exciting fashion trends in the market. sports shoes. Like now, at those times Goldman retained its recommendation rating to “buy” Nike Inc shares, based on general ideas about the Company’s increasing weight over the US market, topped off with theses about the Company’s international visibility, as well as robust demand ahead of the Beijing Olympics. However Goldman lowered its target price for the shares from $73 to $67 ( from $18.25 to $16.75, meaning two 2:1 splits in Nike stock in December 2012 and December 2015). Although Nike, at the time of the downturn in forecasts, in fact remained largely unscathed by the decline in demand for athletic footwear among US mall retailers, it reported strong second-quarter results in December 2007 (and even beating forecasts for strong demand for its footwear in the US and growth abroad) , Goldman Sachs' forecasts for Nike's revenue and earnings per share to decline were justified. Later Nike' shares lost about 45 percent from their 2008 peaks, and 12 months later reached a low in the first quarter of 2009 near the $40 mark ($10 per share, taking into account two stock splits). The decline in Foot Locker shares from the 2008 peaks 2009 lows was even about 80 percent, against the backdrop of the global recession and the banking crisis of 2007-09. Will history repeat itself this time..!? Who knows.. However, the main technical graph says, everything is moving (yet) in this direction.
NYSE:NKE
by PandorraResearch
Nike (NKE) Shares Surge 5%Nike (NKE) Shares Surge 5% The sportswear giant was among the top performers in the US stock market yesterday after Jefferies analysts raised their outlook: → Upgraded NKE stock from “Hold” to “Buy” → Increased the price target from $75 to $115 Amid fierce competition, NKE shares had been in a downtrend throughout 2023-2024, but a leadership change (which we covered in September 2024) may have acted as a catalyst for a turnaround. Technical Analysis of Nike (NKE) Stock Jefferies’ upgrade triggered a bullish breakout of the downtrend line (marked in red). The $71 level has proven to be a key support, particularly in February, when NKE hit its yearly low. Bears attempted to resume the downtrend, but failed—since then, the stock has surged approximately 17%, forming a sharp reversal (marked by an arrow), which is a bullish signal. In Wyckoff Method terminology, this move could indicate a Terminal Shakeout, marking a transition from the Accumulation phase to the Mark-Up phase. Nike (NKE) Stock Forecast Jefferies analysts hold the most optimistic outlook among their peers. According to TipRanks: → 15 out of 28 analysts recommend buying NKE shares → The average 12-month price target for NKE is $86 Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:NKE
by FXOpen
4
Nike (NKE) at a Pivotal Point: Reversal or Further Decline?The weekly chart of Nike (NKE) displays a prolonged downtrend, with price action respecting a descending trendline. A harmonic Bat pattern has formed, with key Fibonacci retracement levels indicating potential reversal zones. The price has recently tested the AB=CD completion zone around $77.17 and $69.90, aligning with historical support. Technical indicators suggest oversold conditions, as both momentum oscillators (stochastic and RSI) show signs of bullish divergence. A breakout above the trendline and sustained buying pressure could trigger a move towards T1 ($107.99) and T2 ($132.31). However, failure to hold support may lead to further downside continuation.
NYSE:NKELong
by BeaucoupPips
2
It is about time for NIKE to shine! Technical Analysis: 1️⃣ Support Level Strength: Nike is currently trading around a strong support zone near $70, a level where the stock has historically shown significant rebounds. In a previous instance, Nike rallied 27% in under two months after bouncing from this support—suggesting a similar move is possible. 2️⃣ Reversal Signals in Play: The RSI is showing bullish divergence from oversold levels, further supporting the potential for a recovery. Fundamental Strengths: 1️⃣ Brand Power: Nike remains a global leader in the sportswear industry, with unparalleled brand equity and customer loyalty. 2️⃣ Financial Resilience: Despite recent revenue declines, Nike has shown improved gross margins and strong free cash flow growth, highlighting its ability to manage challenges effectively. 3️⃣ Strategic Initiatives: Under new leadership, Nike is doubling down on direct-to-consumer sales, innovation, and sustainability—three areas expected to drive future growth and profitability. 4️⃣ Global Expansion: Nike’s market share, combined with its global reach and innovation in product lines, creates a strong foundation for sustained revenue growth. Analyst Sentiment and Forecasts: Analysts maintain a "Buy" rating on Nike, with price targets ranging from $85.92 to $92.47, representing a 14.68% to 30.53% potential upside from the current price of $70.84. While short-term revenue challenges exist, forecasts suggest Nike’s strategic adjustments will drive a recovery, leading to appreciation in its stock price. Why This Matters: ✅ Historical tendency to rebound from the $70 support level with significant gains. ✅ Strong global brand equity and market presence. ✅ Strategic focus on innovation, direct-to-consumer sales, and sustainability. ✅ Positive analyst sentiment and attractive upside potential. Take Profit Levels: 🎯 TP1: $77 – Short-term target based on immediate resistance. 🎯 TP2: $88 – Just below the previous increase from support for a safe exit. 🎯 TP3: $95 – Aligns with the 0.236 Fibonacci retracement level. 🎯 TP4: $110 – Corresponds to the 0.382 Fibonacci retracement level. 🎯 TP5: $124 – Matches the 0.5 Fibonacci retracement level.
NYSE:NKELong
by FinanceProSignals
Nike's Technical rating "Indicator" since day one is flashing!The only other time we have had such a low readings we had (-76%) drawdown, we are setting on (-60%) this week therefore the risk down is another 16% correction. I have copied the following from Tradingview website to give u an insight on this indicator ! " Definition Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades. Calculations These are the criteria used to determine the rating of the individual indicators used. Note that changes from the last bar are used to determine falling or rising states: All Moving Averages Buy — MA value < price Sell — MA value > price Neutral — MA value = price Ichimoku Cloud Buy — lead line 1 > lead line 2 and base line > lead line 1 and conversion line > base line and price > conversion line Sell — lead line 1 < lead line 2 and base line < lead line 1 and conversion line < base line and price < conversion line Neutral — neither Buy nor Sell Relative Strength Index Buy — indicator < 30 and rising Sell — indicator > 70 and falling Neutral — neither Buy nor Sell Stochastic Buy — main and signal lines < 20 and main line > signal line Sell — main and signal lines > 80 and main line < signal line Neutral — neither Buy nor Sell Commodity Channel Index Buy — indicator < -100 and rising Sell — indicator > 100 and falling Neutral — neither Buy nor Sell Average Directional Index Buy — +DI line > -DI line and indicator > 20 and rising Sell — +DI line < -DI line and indicator > 20 and rising Neutral — neither Buy nor Sell Awesome Oscillator Buy — saucer and values are greater than 0, or cross over the zero line Sell — saucer and values are lower than 0, or cross under the zero line Neutral — neither Buy nor Sell Momentum Buy — indicator values are rising Sell — indicator values are falling Neutral — neither Buy nor Sell MACD Buy — main line values > signal line values Sell — main line values < signal line values Neutral — neither Buy nor Sell Stochastic RSI Buy — downtrend and K and D lines < 20 and K line > D line Sell — uptrend and K and D lines > 80 and K line < D line Neutral — neither Buy nor Sell Williams Percent Range Buy — indicator < lower band and rising Sell — indicator > upper band and falling Neutral — neither Buy nor Sell Bulls and Bears Power Buy — uptrend and BearPower < zero and BearPower is rising Sell — downtrend and BullPower > zero and BullPower is falling Neutral — neither Buy nor Sell Ultimate Oscillator Buy — UO > 70 Sell — UO < 30 Neutral — neither Buy nor Sell The numerical value of the Sell rating is -1, Neutral is 0 and Buy is 1. The group and overall ratings are calculated as the average of the ratings of the individual indicators. Recommendations for the group or overall ratings are based on this numerical rating value and determined according to the following criteria: — Strong Sell — Sell — Neutral — Buy — Strong Buy The basics The recommendations given by the indicator are based on the ratings calculated for the various indicators included in it. The overall rating of the indicator includes two large groups of indicators. The first consists of SMAs and EMAs with different lengths (MA lengths are 10, 20, 30, 50, 100 and 200), the Ichimoku Cloud (9, 26, 52), VWMA (20) and HullMA (9). The second one is calculated on the following oscillators: RSI (14), Stochastic (14, 3, 3), CCI (20), ADX (14, 14), AO, Momentum (10), MACD (12, 26, 9), Stochastic RSI (3, 3, 14, 14), Williams %R (14), Bulls and Bears Power and UO (7,14,28). Each group's rating is calculated separately, so you can select the group in the indicator settings and its respective rating calculation will be displayed on the chart. What to look for The Technical Ratings tool is designed to have values that fluctuate above and below a zero line. Its values are plotted as a histogram of red, blue and gray bars, and depend on your selection in the Rating is based on field of the script's inputs, where you can choose to view the value of the MAs rating, the oscillators rating, or the average of both. Columns are gray when the value of the indicator is between 0.1 and -0.1. Progressively more saturated blue columns indicate rising values above 0.1, and more saturated red columns indicate progressively falling values below -0.1. The label at the end of the histogram displays the state of the MAs, oscillators, and the overall rating. Its color is determined by the value of the rating selected in the Rating is based on field: gray for neutral, blue for Buy or Strong Buy, red for Sell or Strong Sell. Summary Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals. Note: TradingView does not recommend that anyone buy or sell any financial instrument based solely on the recommendations of the Technical Ratings indicator. Recommendations merely indicate the fulfillment of certain conditions of a set of individual indicators that may help the user to spot potentially favorable conditions for a transaction, if this is consistent with his/her strategy. " end of copy !
NYSE:NKE
by samitrading
Nike Price Earnings Ratio is similar to 2017 or not ? Quoting P/E Ratio meaning: Investopedia " What Is the Price-to-Earnings (P/E) Ratio? The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share (EPS). Often called the price or earnings multiple, the P/E ratio helps assess the relative value of a company's stock. It's handy for comparing a company's valuation against its historical performance, against other firms within its industry, or the overall market." end of quote
NYSE:NKE
by samitrading
NIKE: One of the largest brands on this planet! BUY NOWNIKE: One of the largest brands on this planet! BUY NOW! 50% Upside Ahead If you believe Nike is a dying company or will lose to HOKA, ON, and whoever else as the years roll on you clearly haven't studied Nike hard enough and seen the continued destruction of EVERY SINGLE brand to try and fight them...Adidas, Under Armor, Puma, New Balance, Asics, Brooks, etc. etc. etc. The LIST WILL INDEED continue. This name is not a H5 Setup...YET. But, I'm adding it to my watchlist as we have a beautiful Inverse H&S, Sitting on a Volume Shelf, Wr% divergence, and a Hammer Candle which typically means a reversal of a downtrend. All on the weekly chart! I believe that Value and Dividend names will be the hot ticket stocks in 2025 due to how beaten down they all are and so much treasury and high-interest savings money flowing into the markets, choosing this category of stocks to be on the safer side as that is the type. Once we get the BULLISH Green BUY signal on the H5 Indicator, it's all over, and you will not see Nike at these levels, most likely EVER AGAIN! You all realize Nike has a large MOAT and is one of the most prolific brands on the planet, right?! Ok, good, I thought you forgot! Will update once we get the flip to a BUY! Will begin adding in my LT portfolio now due to the value on this company at these levels right now though. NFA
NYSE:NKELong
by RonnieV29
27
Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside. All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first! Levels to watch: $70 Keep your long term vision, Philip - BasicTrading
NYSE:NKELong
by basictradingtv
18
Technical Analysis of Nike (NKE)Looking at Nike ’s stock on a monthly timeframe, we can clearly observe that it has been in a downtrend since November 2021, following the formation of a Double Top pattern, confirmed by the development of a Shooting Star candlestick. The downward movement has currently paused at a support level (SUP) in the $70 area, where the stock has shown a reaction. At the moment, the stock is trading near a crucial volume level, the Point of Control (POC). Above this level, up to $110, there are significant volumes that could make upward movement more challenging. Bullish Scenario For a bullish scenario, the stock needs to break above the current POC level and the descending trendline. The first target could be the resistance (RES 1) around $110. If it successfully breaks through this resistance with strength, the second target could be the $130 area (RES 2), which has acted as both support and resistance in the past. Bearish Scenario However, if the stock lacks the momentum to break through the POC and the entire high-volume area up to RES 1, the downtrend could continue, with the next support (SUP1) located around the $50 area. This analysis outlines both bullish and bearish scenarios for Nike's stock, offering a clear view of the key price levels to watch.
NYSE:NKE
by Giovanni_Bandini
Elliott Hill Appointed as New CEO of Nike: Stock up 8% Nike Inc., (NYSE: NYSE:NKE ) the global sports apparel giant, has made a pivotal decision in naming Elliott Hill as its new President and CEO, effective October 14, 2024. The announcement comes at a time when Nike (NYSE: NYSE:NKE ) is navigating market headwinds, including stiff competition and a necessary internal restructuring. Hill, who has been a Nike insider for over three decades, is expected to leverage his deep-rooted connection with the company to reignite its growth trajectory. A Return to Nike’s Roots: Elliott Hill’s Journey Elliott Hill’s appointment brings Nike (NYSE: NYSE:NKE ) back to its roots. Hill first joined the company in 1988 after lobbying relentlessly for a position out of Ohio University. Over the years, he worked his way up from grassroots sales roles to overseeing global retail operations. His previous position as President of Consumer & Marketplace, where he managed Nike's commercial and marketing efforts, gave him invaluable experience in driving the brand's consumer engagement and business development. After retiring in 2020, Hill’s return is seen as a strategic move to realign Nike’s leadership with someone who not only understands the brand but also embodies its core values of grit, determination, and hard work. According to Mark Parker, Nike’s Executive Chairman, Hill’s deep understanding of the sports industry and his "passion for sport, our brands, and products" make him the ideal person to steer Nike through its next phase of growth. Facing Market Challenges Head-On Hill’s appointment couldn’t come at a more crucial time. Nike (NYSE: NYSE:NKE ) has seen declining sales recently, especially in comparison to more agile competitors like On and Deckers' Hoka. To combat this, Nike initiated a comprehensive three-year plan to slash $2 billion in costs and streamline operations, a plan that will be critical in restoring profitability and market share. Despite recent struggles, Nike has demonstrated strong financial performance, reporting a 12% increase in net income for fiscal year 2024, reaching $5.70 billion. This is up from $5.07 billion in the previous fiscal year, signaling that the company’s fundamentals remain sound. Hill’s leadership will be key in converting these strengths into sustained growth by harnessing innovation and streamlining the company’s operations. ### Technical Outlook: Can Nike Break Its Falling Trend? From a technical standpoint, Nike’s stock has been in a downtrend for several months, with two notable unfilled gap-down patterns. However, in the wake of Hill’s appointment, Nike shares saw an 8% surge in premarket trading on Friday. This rally is integral to breaking the stock’s long-standing downward channel. If Nike (NYSE: NYSE:NKE ) can surpass the key resistance level of $123—its December 2023 high—it could signal a major bullish reversal for the stock. The Relative Strength Index (RSI) currently sits in neutral territory, indicating that Nike (NYSE: NYSE:NKE ) has more room to rally. Additionally, the moving averages are beginning to flatten, suggesting that the stock may be poised to reverse its downward trend if bullish momentum continues. If Nike (NYSE: NYSE:NKE ) can build on this recent uptick, it may start filling the gap-down patterns that have held the stock back, potentially leading to a stronger position in the coming months. Hill’s Vision for the Future Elliott Hill has already expressed his excitement about taking the reins at Nike. "Nike has always been a core part of who I am, and I’m ready to help lead it to an even brighter future," he said. With his extensive experience in both the company and the sports industry, Hill’s vision is likely to focus on innovation, sustainability, and continuing to push the brand to connect with athletes and consumers alike. In addition to driving Nike’s bottom line, Hill’s leadership style is expected to foster closer ties with employees and partners, which will be crucial as the company seeks to retain its position as the world’s premier sportswear brand. His background—rooted in values of perseverance, hard work, and a deep understanding of Nike’s culture—makes him well-positioned to lead the company through its current challenges and beyond. Conclusion Nike’s decision to bring Elliott Hill back as CEO marks a return to its roots and a clear focus on driving operational efficiency and growth in a competitive market. The technical indicators suggest that the stock is approaching a potential breakout, which, combined with Hill’s leadership, could pave the way for a new chapter of success. While challenges remain, Nike’s solid fundamentals, coupled with strategic leadership, position it well for long-term growth and market recovery. Investors will be watching closely as the company embarks on this new journey under Hill’s stewardship.
NYSE:NKELong
by DEXWireNews
NIKE to "Just Do It" to 2023 Highs? Multi Timeframe AnalysisDISCLAIMER: This is not trading advice. This is for educational and entertainment purposes only to demonstrate how I view this market. Trading involves real risk. Do your own due diligence. Based on my multi-timeframe analysis strategy, I have been looking for setups to go long Nike. Seems like daunting proposition considering Nike's overall weakness this year. That being said, my strategy has rules and my job is to respect the rules. HTF (12 Month): 2023 candle close formed a "Swing Low", which gave me the bullish bias for Nike to trade up to 2023 highs. ITF (2 Week): We see the intermediate timeframe is in a bullish price delivery mode (highs of down close candles are getting closed above). We mark of discount arrays (in this case the fair value gap and 2 week orderblock), and wait for price to trade into that point of interest. ETF (12 Hour): We see price traded down into the 2 week fair value gap. As price is in the area of interest, I take any one of the following entry triggers: 12 Hour CISD (Triggered yesterday, stop below the low) 18 Period MA Entry (Not yet triggered. Stop 120% of 3 period ATR at time of entry) 10h8c MAC w/ Williams Acc/Dis (Not yet triggered. Stop either twice the width of the MAC or 120% of 3 period ATR, whichever is greater) Divergence (Not yet triggered. Stop 120% of 3 period ATR at time of entry). If you have questions about my multi-timeframe analysis approach, feel free to shoot me a message. Good Luck & Good Trading.
NYSE:NKELong
by Tradius_Trades
TIME TO BUY NIKE ?We observed a significant decrease in Nike's price-to-earnings (P/E) ratio from 78.6 to 21, representing a multiyear low between 2020 and the present. Nike's stock has declined by 60% from its historical peak, prompting observations regarding market irrationality in driving the company's P/E ratio to its lowest level since 2017. Consequently, purchasing Nike stock has become a compelling proposition for investors, corroborated by the recommendations of Wall Street analysts. Guggenheim analysts have identified the stock's potential value at $115 per share, indicating a potential 36.9% upside from current levels. HSBC has initiated coverage of On Holding, maintaining a "hold" rating, while Citi continues to uphold a buy rating on Nike stock despite concerns about sales in China. Institutional investors responded to the decline by purchasing Nike shares, catalyzed by the announcement of hedge fund Pershing Square, under the leadership of Bill Ackman, acquiring a new stake in the company. This move was further supported by Pershing Square Capital Management, led by billionaire investor William Ackman, acquiring approximately 3 million Nike shares. Bernstein SocGen Group maintained an "Outperform" rating on Nike, citing improvements in the brand's performance metrics. Anticipated growth in sales driven by the Olympics and basketball is expected to provide an additional boost to Nike. We await the forthcoming fiscal Q3 '24 earnings report from Nike, scheduled for September 24, 2024, as an indicator of potential recovery. In conclusion, it is advisable to closely monitor the upcoming quarterly results.
NYSE:NKE
by Kartik_Elkunchwar
NIKE - A No Brainer! Following on from our last analysis of Nike, we are down a further 20%! As explained in the last analysis, Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The chance of it going bust is incredibly low. Any dips should be considered a buying opportunity. We are fast approaching the pandemic lows, which is our initial area of interest. Anything below the pandemic levels will provide us an even bigger opportunity to buy! For confirmation that we've reversed, we can wait for the break of the red trendline. Alternatively, we can slowly build our positions as we move lower. The move up is inevitable. It's just a question of when! Goodluck and as always, trade safe!
NYSE:NKE
by WicktatorFX
2
Nike Set To Lay off 740 Employees at Oregon HeadquartersNike, the world's leading sportswear manufacturer, has announced its plans to lay off around 740 employees at its global headquarters in Oregon. This move aligns with the company's cost-cutting strategy, which was disclosed in December 2023, with the aim of saving $2 billion over the next three years. The second phase of layoffs is expected to commence by the end of June 2025, as the company looks to scale back on specific franchises amidst an uncertain demand scenario. In compliance with the legal obligation, Michele Adams, Nike's Vice President for People Solutions, has notified the state authorities that the second phase of layoffs would begin at the company's headquarters. Earlier in February, Nike had indicated that it would cut around 2% of its total workforce, which equates to over 1,600 roles. As of May 31, 2023, the company had around 83,700 employees. Despite the announcement, Nike's shares rose marginally in after-hours trading, although they have declined by nearly 13% this year. Several companies in the U.S. and Canada have announced new rounds of layoffs to curb costs in the face of an uncertain demand environment. In March, Nike warned that its revenues in the first half of fiscal 2025 would shrink by a low-single-digit percentage. The company's decision to downsize its workforce is part of its strategy to rein in costs, as it navigates through a challenging business environment.
NYSE:NKE
by DEXWireNews
Nike is Laying Off About 1,700 WorkersIn a bid to weather the turbulent economic storms ahead, sportswear giant Nike Inc. ($NIKE) has announced significant cost-cutting measures, including the layoff of approximately 1,700 employees, representing about 2% of its workforce. This move comes as part of a broader initiative aimed at slashing costs by as much as $2 billion, reflecting the company's proactive stance in the face of shifting consumer behaviors and intensifying competition. The decision, outlined in a recent statement by a Nike ($NIKE) spokesperson, underscores the company's commitment to optimizing its operations and capitalizing on its most promising growth opportunities. With consumer preferences evolving towards more essential purchases and experiential spending, Nike finds itself confronting a landscape where traditional discretionary purchases, such as high-end sneakers and athletic wear, are facing increasing scrutiny. Compounding these challenges are the emergence of disruptive upstart brands like Hoka and On Cloud, which have been steadily encroaching on Nike's market share. This heightened competition underscores the imperative for Nike to not only streamline its operations but also to innovate and differentiate itself in a crowded marketplace. However, the headwinds facing Nike ($NIKE) extend beyond shifting consumer trends and increased competition. Global economic uncertainties, particularly in key markets like China and Europe, have further complicated the company's outlook. Concerns over subdued consumer spending, exacerbated by macroeconomic factors and geopolitical tensions, have cast a shadow over Nike's growth prospects in these regions. In China, the world's second-largest economy, a confluence of challenges ranging from a real estate downturn to weaker exports has dampened consumer sentiment, posing significant hurdles for Nike's ($NIKE) expansion efforts. Similarly, Europe's economic woes, punctuated by stagnant growth and the specter of recession, have added to the company's woes, with Germany, the region's economic powerhouse, experiencing its first contraction since the onset of the Covid-19 pandemic. Against this backdrop, Nike ($NIKE) finds itself at a critical juncture, where adaptability and resilience are paramount. By undertaking proactive cost-cutting measures and recalibrating its strategic priorities, the company aims to navigate these turbulent waters and emerge stronger in the long run. However, success will hinge not only on internal restructuring but also on Nike's ability to innovate, engage consumers, and effectively respond to evolving market dynamics. In conclusion, Nike's ($NIKE) decision to implement workforce reductions and embark on a cost-saving initiative reflects its proactive stance in the face of economic headwinds and industry challenges. As the company charts its course forward, it must remain vigilant, agile, and customer-centric to maintain its competitive edge and sustain growth in an increasingly complex global landscape.
NYSE:NKE
by DEXWireNews
#NIKE Technical Analysis and Trade IdeaMarket Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity. Trade Strategy: Target a buy entry upon a retracement to the 61.8% Fibonacci level. Be sure to place a stop-loss order below the recent swing low to effectively manage risk. Maintain a favorable risk-reward ratio. Video Focus: This video explores the technical analysis principles that support this bullish perspective: - Trend Analysis: Identify breakouts and trend reversals with clarity. - Liquidity Runs: Understand how stops are targeted and the impact on price. - Fibonacci Retracements: Recognize key retracement levels for optimal entries. Disclaimer: This analysis is provided for educational purposes and should not be interpreted as financial advice. Thoroughly conduct your own research and assess your risk tolerance before making investment decisions.
NYSE:NKELong
by fxtraderanthony