Betting On The Swoosh: Why Nike Deserves A Spot In Your Portfolio

Thank you for your assistant Things have been less than perfect over the recent years at Nike, Inc. (NYSE:NKE). Since hitting all-time highs in 2021, fueled by the surge in consumer spending, shares have fallen by over 40%, translating to the loss of over $130B in shareholder value. Pessimism hasn't been this extreme for the worldwide leader in footwear and apparel in quite some time. With consumers tightening their spending habits and fears of intensifying industry competition creeping in, many have wr ...