Will Nike Inc (NKE Stock Price) gain in value again this year over this period?

Giles Coghlan LLB, Lth, MA Financial Source

Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services.

Nike shares are entering a strong time of the year. From February 08 through to March 02 Nike shares have gained nine times in the last 10 years. Although Nike shares lost value during the initial fall in share values last year as COVID-19 took a grip of the markets the demand for sportswear was high during lockdown. Nike could be a stock that sees it share price rise.

Trade Risks:

The main risk to this trade is if there is strong risk off trading heading into year end on the US stimulus bill not being as large as expected.
Another key risk is if GameStop fears spill over into risk markets and risk stays elevated.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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