Nike: Should Investors Buy The Stock Right Now?

Sometimes iconic companies go through a rough patch -- Apple nearly going bankrupt in the late 1990s is perhaps the most extreme example. More recently, Netflix stock dropped to a low of $166 per share in 2022 after increased competition led to subscriber losses, and Amazon's stock dipped under $82 per share at the start of 2023, when growth in AWS slowed. Both stocks skyrocketed after ironing out the issues. Nike produces a significant portion of its products in China, and the country is also a key market ...