Is Nike Stock a Buy?
Nike (NYSE:NKE) is a juggernaut when it comes to athletic apparel and footwear. The Oregon-based company recorded sales of $37.4 billion in the last fiscal year and sports a current market capitalization north of $200 billion, making it a megacap stock.
But the stock is down 3% year to date, and the company is facing some near-term headwinds that are having a meaningful impact on its business. Despite this, let’s see if Nike is still a solid investment.
Image source: Nike.
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