$NKE - potential for significant upsideNYSE:NKE Nike looks attractive to me as it has revisited the lower trendline. There is a risk that it could fall to $87. However, considering the risk/reward ratio, the odds favor an upward movement from here. Upside targets: $97 $104 $110 $116 Risk: $87Longby PaperBozz117
Long-term Triangle PatternNike is getting close to the apex of a 4-year triangle pattern (where price inevitably breaks one way or the other). For now, I'm just watching for a certain setup to potentially trade on. If it breaks down out of the triangle (which it is currently threatening), it may find support around the 200-mo. EMA, which would be a better price to start a position. That said, it could certainly find support here but there isn't much upside to the top of the pattern (unless it breaks out).by PatientContrarianUpdated 1
Beautiful buying opportunity for NKE?Look at it, its beautiful. It should continue to range within the wedge and we are currently at the bottom. Some 6 month out calls should do really really well as well as some LEAPS. Buy buy buy buy!Longby The_Gains6
Triangle Formation on Nike’s Chart: Potential Upside TargetsHello Traders, We’ve spotted an interesting pattern forming on the chart of Nike (NKE). A triangle formation has emerged, and we’re currently sitting on the bottom line of this pattern. This could be a critical juncture for Nike’s price action. If the price bounces upwards from here, we have identified a few target points and key resistance levels based on Fibonacci retracements. Here they are: First Target: $112.60 Second Target: $137.56 Third Target: $167.69 I added a few potential trades that both have a risk factor of 3.Longby scody1591
NKE I AM BULLISH !!!!! even after earnings... Very good opportunity on NYSE:NKE , long term, over 6 to 12 months... we're almost filling the gap, within $3... I had already bought some at $100, I'll add a bit more today... good luck to everyone... It's not gambling... They pay a dividend, China is back, ... interesting growth potential... Earnings are forecast to grow 11.04% per year Correction: I've just been informed that some purchases will be made next week... not today... NYSE:NKE Longby Maximus20000223
Nike Faces Stock Tumble Despite Earnings Triumph 📉Nike ( NYSE:NKE ), the athletic apparel powerhouse, saw its shares take a hit in after-hours trading despite outperforming expectations in its third-quarter fiscal 2024 earnings report. While the company reported robust revenue and profit figures, it issued a cautious outlook for the first half of fiscal 2025, sending ripples through the investor community. The Numbers: Nike's third-quarter revenue climbed to $12.43 billion, surpassing analysts' projections, accompanied by an earnings per share of 77 cents. However, the elation was short-lived as the company forewarned of a low single-digit decline in revenue for the first half of fiscal 2025. Reasons Behind the Decline: Chief Financial Officer Matthew Friend attributed the anticipated revenue dip to the company's strategic shift in its product portfolio towards innovation. This pivot, while essential for long-term growth, poses short-term challenges, particularly amidst a subdued economic landscape globally. Global Market Dynamics: Nike's performance across different regions depicted a mixed picture. While revenue in Greater China showed a modest increase, the EMEA segment witnessed a decline, reflecting the complexities of navigating diverse market conditions. Olympic Hopes: With the upcoming Summer Olympic Games on the horizon, Nike is banking on several product launches and marketing endeavors to captivate consumers. The event presents a pivotal opportunity for the brand to showcase its latest innovations and amplify its brand storytelling. Strategic Adjustments: Nike ( NYSE:NKE ) is taking proactive measures to align its product offerings with evolving consumer preferences. This includes reducing the supply of classic footwear models in favor of newer, innovative products that resonate better with modern consumers. Investor Reaction: Despite the positive earnings report, Nike's stock experienced a significant drop in after-hours trading, signaling investor concerns about the company's near-term revenue outlook. The stock plummeted to its lowest levels since last October, reflecting the apprehension in the market. Outlook: Nike navigates through short-term headwinds, its focus remains on driving innovation and capturing market opportunities. The success of its strategic initiatives, coupled with the buzz surrounding the Summer Olympics, will be closely monitored by investors in the coming months. In conclusion, while Nike's earnings beat underscores its fundamental strength, the stock's post-earnings dip underscores the challenges ahead as the company charts its course in a dynamic marketplace.Longby DEXWireNews116
NKE dumped after earnings, what next?Analyzing NKE I find that the long term downtrend is still not managing to reverse, but is showing some signs. Now I would look for what short timeframes do around the 88.66 level, if they do not become divergent there and break the low, I would look at 82.22. If we do not have a clear weekly divergence there, it means NKE is not able to become bullish in the long term, and will dump further and further, until we print a real weekly div.by MagusTrading112
NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1. If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1. Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024by NYRUNSGLOBALUpdated 4
NKE NIKE Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders bearish chart pattern of NKE: Then analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week, I would consider purchasing the 100usd strike price Calls with an expiration date of 2024-12-20, for a premium of approximately $10.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptions2210
S&P 500 Falls + Nike Price Target DropsThis is probably not a good time to buy a stock because SP:SPX is falling down in performance. -- Sadly am seeing many people in the trading community entering trades late into the market open on intraday trading strategies on which I have no experience in. -- This type of mindset leads you to buy from the top in a bag holding stance or best case scenario a sideways market which is the worst feeling ever. -- I don't like buying flat markets without a catalyst because the catalyst causes the price to move. -- Nike Price Target Drops To $125 According to the breaking news tab right here on Trading View you will see that analyst from Citi Group is suggesting a drop in price target from $135 to $125 -- This is a heavy bearish sentiment which is very much in alignment with the current state of the market. -- S&P 500 Is In A Downtrend -- This is all over the headlines and sadly it's true the market is tanking and bitcoin BINANCE:BTCUSDT followed suit even though its recovering slowly the point is it crashed as well. -- Citi Group Cuts Nike Price Target -- This is one of the features of the stock market where the people on the trading floor at Wall Street are looking at the crowd sentiment to try to predict the price action -- The problem is its difficult to determine price action because we are trading volatile prices every day -- Your only safety is risk management -- The rocket booster strategy according to this chart is showing you that this price is in a downtrend -- The Rocket Booster Strategy: --- 1-Price has to be below the 50 MA 2-Price has to be below the 200 MA 3-The 50 MA Should Cross Below The 200 MA -- If you want to trade the right stocks then you should learn a trading strategy the one above is the rocket booster strategy -- Rocket boost this content to learn more -- Disclaimer: Take this as a warning you will lose money from trading do not buy or sell anything I recommend to you. Learn risk management and please trade with caution.THis is not financial advise there are just ideas and opinions.Shortby lubosi1
NKE, Nike... China regains strength...Earnings are forecast to grow 10.98% per year Analysts in good agreement that stock price will rise by 20% China is regaining its strength... this should help Nike's sales.Longby Maximus200000
NKE - Doing It ✔️Hello TradingView Family / Fellow Traders, NKE has been hovering inside a range in the shape of a symmetrical triangle. Moreover, it is currently sitting around a strong support and round number $100. 🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard NasrLongby TheSignalyst2215
NKE ShortShort shares of NKE - earnings soon. I don't expect them to be positive, personally. COVER BEFORE EARNININGS unless you are looking for a gamble. Depending on risk : Set a stop-loss around 101.72 to 107.05 Take profits around 88.05 - 80.63 -- Be wary of the trendline; it could bounce off, so if you're looking to manage the trade, that is what you'd want to keep an eye on. I don't expect profit zones to be reached, but nonetheless am keeping a stop in those zones. My trade will likely be based off of any quick move down that begins to lose sustainability; that will be my exit, especially going into earnings. You can play this via puts as well. The reason I am not doing so is simply due to the high implied volatility going into earnings; however, there are some decent opportunities I could see there, worth checking out if you are familiar with options. Otherwise, best of luck in the markets, everyone!Shortby bcstonecipher222
FREE #OPTIONS Ideas FREE #OPTIONS Ideas Scale out when above 25% Profit NYSE:JNJ 165C>160.76 | 155P<159.39 NYSE:ORCL 113C>112.81 | 110P<110.91 NASDAQ:SBUX 92C>91.94 | 91P<91.21 NYSE:NKE 100C>99.80 | 97P<97.36 DROP A LIKE IF U WANT ME TO KEEP POSTING THESE FOR FREE! by tradingwarzone6
NIKE big Wlong since 102$. will it be a big W, or huge W? we'll see... Nike, Inc. is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. It 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.Longby space_bear226
NIKE | JUST BUY ITNike topped Wall Street estimates for first quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures, sending its shares up about 8% in extended trading. Nike (NKE) is the largest apparel company in the world, with leading positions across different categories and regions. The company is currently facing challenges such as elevated inventory levels, inflationary pressure, and slow growth in China. Such issues have resulted in the stock dropping by 19% YTD. Although these headwinds are serious, I believe the company's durable brand, leading position, and high-quality products should allow it to come out stronger on the other end. 'Nike is a brand that is of China and for China' -John Donahoe Like every other apparel and retail company, Nike thought post-pandemic demand would continue, so it increased production, which led to inventory levels hitting an all-time high in Q1-FY22, but as we know, that wasn't the case. Although NKE's inventory level is down from all-time highs, investors are still concerned, especially when inflation is eating into people's pockets and growth in China is slowing. Inflation in North America has come down to 3.7% from its peak in June at 9.1%, but it is still a concern in Europe (6.1% in the EU union). As you can see from the graph below, sales in China have been decreasing for the past two years. There are multiple ways one can explain this: COVID related lockdowns resulted in the shuttering of some stores. Plus, Nike and other apparel companies started facing a backlash in China in 2021 due to the alleged use of forced labor in cotton production. However, if the company is successful at expanding into China, then we can expect a lot of room for growth. Now that I have addressed the problems that are facing Nike, let me explain why I believe the company will overcome them. Nike sponsors the most well-known athletes such as Cristiano Ronaldo (+600 million Instagram followers), LeBron James, Michael Jordan, the late Kobe Bryant, Rafael Nadal, Tiger Woods, and more. This has helped the company build a loyal customer base and further boost its brand equity. With a loyal customer base comes pricing power, and as Warrant Buffet said: Nike's pricing power is no joke. Its shoes have reached a level where they are considered luxury, with some selling for more than the $10,000 mark. In 2017, Nike's median price for a shoe regardless of gender was $80, which is $10 more than its biggest competitor, Adidas. I know 2017 was a long time ago, but shoe prices have increased since then, and I believe Nike is still in the lead given their dominant market position. Plus, Nike targets mostly the age demographic of 25 and 34. These are people who have not settled in yet. They just graduated college with extra income to spend on things such as expensive shoes. I believe this pricing power will continue as the company continues to sponsor talented upcoming athletes to build trust with customers. Another way to measure Nike's brand power is by comparing its marketing spending against its peers. Nike's marketing budget in FY 23 was $4 billion, or 7.9% of revenue. On the other hand, Adidas spent 38% and Under Armour 11%. These companies have been allocating more of their revenue towards marketing but have experienced nowhere near the growth Nike has. NKE's association with well-known athletes in the U.S. has allowed them to have a 96% awareness rate, 53% usage rate, and 43% loyalty rate. Going forward, I expect the company's brand will remain high-quality due to sponsorships, high-quality products, and market-leading technology. Founded by Bill Bowerman and Phil Knight in 1994, Nike has come a long way from its first store in Portland, Oregon. As of May 31, 2023, the company had 369 stores within the U.S. and 663 internationally, operating in more than 190 countries. Stores include franchised stores and third-party retailers. The firm owns multiple brands such as Jordan, Converse, and Nike. The company derives sales from four main segments and across four regions. I excluded Converse (4.74% of revenue) from the graphs below because I wanted to focus on the Nike brand. The company's app, NikePlus, has more than 160 million users. On a trailing free cash flow basis, the stock yields over 3.3% relative to its enterprise value. My ~$104 May 24 PT implies a 28.00x P/E and 20.00x EV/EBITDA. Both multiples are below the ten-year NTM average and in line with the median. I project revenue to compound at a rate of 6.47% over the next three years, driven by market growth and new products, while shares decrease at a rate of 2.67%, driven by stock buybacks. The company is forecast to spend $12.1 billion on share repurchases over the same period. Additionally, I believe the company still has room for margin improvement driven by price increases and DTC mix (direct-to-consumer). In FY 2019, DTC sales constituted 31% of revenue, and that figure stood at 44% in FY 2023. Although NKE is trading at a premium compared to peers, I believe it is reasonable considering its scale, high-quality products, and strong brand. The first risk that I would associate with NKE is competition. The company competes with conglomerates such as Addidas, Puma, New Balance, Under Armour, and more. Additionally, e-commerce has made it very easy for anyone to start their own footwear brand. Other key risks to my rating include supply chain distributions, a recessionary environment, and slow growth in China. Finally, we can point out that NKE appears technically oversold heading into the Q1 earnings report. From the chart , there has been relentless selling pressure over the last four months since NKE was trading at $130 per share. The potential that NKE delivers a "good" earnings report with encouraging guidance, brushing aside fears the company is facing a deeper deterioration in its operating environment could be enough for shares to reprice higher. Simply put, our take is that NKE bears have gone too far, opening the door for bulls to take control. The bottom line is that Nike is currently experiencing headwinds such as elevated inventory levels, inflationary pressure, and slow growth in China. Every business goes through similar challenges at one time or another, but I believe Nike is well-positioned to overcome these issues due to its durable brand, high-quality products, and leading position. I expect the company to keep endorsing high-quality athletes to elevate its brand equity and further strengthen its pricing power. My valuation implies a price target of ~$104 for May 31, 2024. If you into NIKE brand you can watch Air film and read Shoe Dog book as well Editors' picksLongby moonyptoUpdated 1818206
FREE #OPTIONS Ideas - WATCH $NKE for a swing setup this weekFREE #OPTIONS Ideas Scale out when above 25% Profit NYSE:NKE 104C>103.67 | 102P<102.34 NASDAQ:SBUX 95C>94.02 | 93P<93.18 NYSE:BAC 35C>34.06 | 33P<33.80 NYSE:GM 40C>39.07 | 38P<38.23 LET ME KNOW IF YALL LIKE THSE FREE PICKS DROP A LIKE!by tradingwarzone1
NKE LongNKE hitting a demand major demand zone, looking to go long here to 120-125 by April. As you guys can tell i am a low risk, with high reward trader. the contracts I trade are no more than $200 per with the ability to print 200-300%. Goodluck! Not investing adivce. Longby FishinForThemWhales331
Nike is Laying Off About 1,700 WorkersIn a bid to weather the turbulent economic storms ahead, sportswear giant Nike Inc. ($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.by DEXWireNews2
Bullish Momentum on NKE Aiming for $108-$121 TargetsAfter a thorough analysis of Nike, Inc. (NKE) on the charts, I've observed that we're currently in an upward trend, indicating strong bullish momentum. This analysis is grounded on several technical indicators and chart patterns that suggest continued growth potential in the near term. Key Highlights: Current Trend: The stock has been exhibiting a robust upper trend, with price action consistently forming higher highs and higher lows. This trend is supported by strong trading volumes and positive market sentiment towards the company. Target Levels: Based on the current momentum and technical indicators, I'm targeting the $108-$121 price range. This range is identified by analyzing historical resistance levels and the gap down areas that have now turned into potential targets as the stock moves upwards. Technical Indicators: Several technical indicators support this bullish outlook. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, while the Relative Strength Index (RSI) remains in a healthy range, avoiding overbought territory. Additionally, support levels have been rising, further reinforcing the stock's strength. Gap Down Areas: The specific focus is on the $108-$121 gap down areas from previous trading sessions. These gaps represent potential resistance turned support levels, offering an excellent opportunity for gains as the stock aims to fill these gaps in its upward trajectory. Conclusion: The combination of a strong upper trend, supportive technical indicators, and the aim to fill the gap down areas provides a compelling case for bullish positions in NKE. While the market remains unpredictable, the current technical analysis suggests that NKE is on a path to potentially reach the $108-$121 targets in the upcoming sessions. As always, keep an eye on market news and be prepared to adjust your strategy based on new information. Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your research and consider your risk tolerance before investing in the stock market. Dr SAUDLongby DrSaud1113
#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.Longby tradingwithanthony2
NKE Swing Trade IdeaFor all of the statters, look at how many different participants are looking to enter at 104.96. This can get real nice...Longby nathanamazan0
Nike Analysis WeeklyNike, Inc. is a U.S. multinational company that manufactures footwear, clothing, and sports accessories. Created in 1971, it is based in Beaverton, in the metropolitan area of Portland, OregonLongby Patriking0