Nike stock is suddenly popular with the hedge fund set. Is it a buy?Nike (NKE 0.77%) is one of the best-performing consumer goods stocks of all time. Shares are up more than 46,000% since the company's 1980 initial public offering and would have turned a $1,000 investment into more than $767,120 during that time (with dividends reinvested). More recently, Nike's stock has struggled, and it's down more than 52% from its peak in mid-2021. Growth has slowed, even turning negative recently as the athletic shoe ...

Bill Ackman just revealed a position in a new company.The consumer cyclical sector has been one of the worst performers so far in 2024. Within this broader segment, the apparel retail industry has generated just a 0.2% return while the footwear and accessories market has declined 9.8% so far this year.Given these data points, it's not entirely surprising to see that shares of shoe and clothing company Nike (NKE 0.77%) have cratered by more than 20% in 2024.While that may spook many investors, Pershing Squar ...

Why Bill Ackman may have been buying Nike stock.Billionaire Bill Ackman and his fund Pershing Square Capital were busy scooping up shares of Nike (NKE -0.70%) in the second quarter. The hedge fund manager runs a very concentrated long portfolio, holding only nine stocks as of the end of the second quarter. Let's look at what may have attracted Ackman to the stock.An iconic brandNike is an iconic brand whose swoosh logo is one of the most recognizable in the world. In the U.S., the company has about 97% aide ...

Flavio Vallenari/E+ via Getty Images At the moment, I consider Nike (NYSE:NKE) to be a long-term buy, as its valuation is currently very attractive. I believe the stock and company are at an inflection point, but I have confidence in management that it will continue to position the company competitively. As a result of this, I think current negative sentiment can be capitalized on for long-term alpha; although realistically, this may not be substantial over a long timeframe, the current valuation does i ...

On reported another fabulous quarter, while Nike remains in the dumps.There isn't another running shoe or athletic wear brand that could come close to challenging Nike (NKE 0.18%) right now. Its lead is so large that its trailing 12-month sales are more than pretty much all of its competitors' combined.But it wouldn't be the first giant that became a dinosaur. I wouldn't worry about it yet, but I would take a look at some younger companies that are making their mark and standing out even against titans like ...

NEW YORK, Aug. 19, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE).Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=96007&from=4CLASS PERIOD: March 19, 2021 to June 27, 2024ALLEGATIONS ...

Photo by Michael M. Santiago/Getty ImagesGetty ImagesThe stock market correction appears to be over. The decline tells us that less technology stocks will participate. These shares will be replaced by stocks that were not part of the rising tide in the first half. NIKE and Starbux are both likely to outperform through yearend.Nike appears to be ending a five-year decline. The technical picture in graph 1 shows the protracted decline. Monthly, price has retraced 61.8% of its 2021-2024 decline. The stock is, ...

Will Nike be the next company to dump its CEO?Nike (NKE 0.89%) stock finished up 5% on Tuesday even as there was no company-specific news out on the stock.Instead, the main driver of the gains came from a surprising source. Starbucks stock soared 25% after it named a new CEO to drive a turnaround in the company after the business had faltered under CEO Laxman Narasimhan.A 25% jump on a new CEO might be unprecedented, especially for a company the size of Starbucks, and it seems to have Nike investors thinkin ...

Nike (NKE) ended the recent trading session at $83.23, demonstrating a +0.88% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.2% for the day. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.21%.Coming into today, shares of the athletic apparel maker had gained 13.98% in the past month. In that same time, the Consumer Discretionary sector lost 1.29%, while the S&P 500 lost 1.49%.Analysts and investors alike will be keeping a ...

PARIS, FRANCE - JULY 18: (L-R Back) U.S. Olympians Lucas Lacamp, Kevon Williams, Matai Leuta, ... [+] Stephen Tomasin, Adam Channel (Front Row) Pita Vi and Kisi Unufe try on clothes during the Team USA Welcome Experience ahead of Paris 2024 Summer Olympics at Nike on July 18, 2024 in Paris, France. (Photo by Joe Scarnici/Getty Images for USOPC)Getty Images for USOPCAmidst all the controversy sparked by the Paris Olympics, Nike must be hoping that its colossal misstep in its “Winning Isn’t For Everyone” ad c ...