NKE Sad seeing all these shorts getting liquidated. People saying they don’t understand why it’s up with earnings being down yoy. Does anyone here subscribe to Bloomberg or WSJ? Read some of those articles. Try to understand business, etc.
NKE i dont understand why the stock is stil up . the earnings even though a beat was shit. everything is down . sales , guidance. they have additional cost of tarrif 1.5b. only thing the Ceo was shitting about was win now bullshit.
NKE Until they move manufacturing to US or figure out different revenue streams, the stock price is pretty much destined to go lower. They’re making less profit in a year than they used to make in a quarter. Fair value for this stock at this point is around $40. Even then, given it has no way to grow revenue or profits given Trumps tarrifs, you’re better off buying a CD. lol.