Prediction: Nike Stock Will Soar Over the Next 5 Years If It Does This 1 Thing Right
Nike shareholders have seen huge losses in recent years.Nike (NKE -1.42%) needs to get back to its winning ways. Due to strategic missteps by the prior leadership team, shares have fallen 61% from their record high nearly four years ago (as of Oct. 7). But there's a very clear path to stack the odds in the company's favor when it comes to turning things around. I predict that this beaten-down consumer discretionary stock will soar over the next five years if it can do this one thing right. A lack of product ...