Nike Stock Plummets 20% Despite Earnings Beat!

Nike's stock just dropped by nearly 5%, despite beating earnings expectations with $0.99 per share versus the expected $0.84. However, they missed on revenue, reporting $12.6 billion against the anticipated $12.86 billion. This is a significant decline from their all-time high of $179 per share in November 2021, now down 50%. We own Nike stock, and while we’re excited about the drop, hoping it goes to $40 per share, we caution against buying just because others do. Our channel aims to change how you view investing, emphasizing the importance of long-term thinking and understanding market fluctuations. Nike’s consistent growth and solid fundamentals suggest they’ll be around for a long time, but this drop is a reminder of the cyclical nature of markets. Subscribe for more insights and in-depth analysis.

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[Joe-nee]

Buying opportunity. Plain and simple. Buy.

[Scottweeier]

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer

[dancingdiamondsjewellersltd]

Nike direct down but wholesale up 8% to 14%

[chrismckay]

Paul is a MASTER at buying stocks on the way down! And selling way too early when they eventually head back up again. 😅

[MattRodriguez-hj]

I like Nike sooo much. I buy them shoes only when its on discount

[cabslandpenny]

IMO the guidance is the main problem. A company with that high of a PE shouldnt lower their guidance that much. In the end all we are trading at exchanges is the future of a company.

[INXIETE]

Bet against the Market. Every stock that did well in Earnings are down. Whatever you are thinking to do~ do the opposite, and you will beat the market.

[kayok]

Been picking up shares on some of their drops and selling covered puts definitely adding

[zarionic]

Love the stock analyzer tool, awesome

[roddywhittemore]

Ok im now getting into nike, we need a walgreens video also

[glbong]

Going to $40 per share! You give me a laugh 😂😂😂

[tradingfundamentals]

I like your bullish sentiment! I'm impressed Nike has become this cheap. Sure, they are slow growing but have almost no debt and they are a world class global brand.

[pres]

You've invested in Nike, thought you would have been aware that they're being intentional about shifting back to whole sale... drop in Nike Direct sales is not surprising... "In December 2023, it signaled that it would reinvest in wholesale partnerships after it became clear that cutting ties with more than 50% of its partners had negatively impacted its inventory management. Wholesale has made a big comeback in retail in the last few months.Mar 24, 2024"

[sfang]

How is Paul's Nike holding doing now that the stock is down 20%?

[pazuzuxx]

Didn't Paul wipe out his family's fortune shorting NVDA???

[Ants_of_the_sky]

I am immediately buying it tommorow the second market opens.

[differencebetween]

Cathay wood is the biggest bagholder in walk street history

[dancingdiamondsjewellersltd]

I was on the Earnings call listen to everything they will have a lot to do in 2024 till 2026 I own ton of Nike shares Paul, short term the call did not sound good but the future is bright ill leave it at that, most of the miss due to China btw 💎🤓✅📈

[DerekRodgers_DR]

going to pick up a few shares now during extended hours to see what happens!

[MattRodriguez-hj]

Gonna sell out when Market opens tomorrow. Im happy it didnt hit 60. It will be 60 in a few months