Nike Stock is Crashing - Here's Everything You Need to Know

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Hello everyone, I am Daniel Pronk and in today's video, I discuss Nike stock (NKE), and if it is looking attractive now that it is selling 60% below its all time highs, and is down 20% on the day today.

#NKE

Disclaimer: Before we dive into this discussion, I want to make it clear that I am not a financial advisor, and nothing I say is intended to be a recommendation to buy or sell any financial instrument. All trading and investing activities must comply with the regulations set forth by the Securities and Exchange Commission (SEC). I will never ask you to send me money to trade for you, and if you come across any suspicious emails or fake social media profiles claiming to be me, please report them immediately. Additionally, it's important to remember that there are no guarantees or certainties in trading or investing, and you should never invest money that you can't afford to lose. While my videos may contain affiliate links or sponsorship to products I believe will add value to your life, it's crucial to conduct your own research before making any financial decisions.

[nicolasbenson]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

[DonaldMark-nese]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270, 000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[michaelschiemer]

The main focus for markets now is Nvidia, which has powered a large chunk of the S&P 500’s recent earnings. Nvidia’s stock, up more than 90% this year, rose 2.5% in New York on Monday, sending the Nasdaq 100 index to another record high. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[TaniaLato-kywo]

I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[DeannaPeters-lzwe]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $500k for investment, aiming to retire comfortably.

[plutoof]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.

[Markscott]

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

[cakeismtrader]

I loved it at $90 and now I love it a lot more.

[harrisonbroom]

You can predict future trends by looking at historical trends. I can’t imagine a world where Nike isn’t still a major brand in 10-20 years, even 50 years, whereas Lululemon or whatever it’s called could easily be non existent in 10-20 years. Most people have never heard of Lululemon, but 90% of people in any country worldwide could identify Nike just by its logo.

[TheKiman]

Beck in 2016 or so, I remember buying Air Force 1s for $80. Now it's $120. You can't price hike your way into more profits. Consumers are sensitive and tired. Just like Starbucks.

[RolandWingo]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[brianwhitehawker]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[cloudyblaze]

In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.

[Ants_of_the_sky]

even though NKE has issues with competition. I dont see this being a dead company mainly cause of the strong branding but not just that, they dominate in athletic contracts, which is such a big business for them.

[ClaudiaSchreiber-bp]

If index funds started to distort the market, there would be opportunities for stock pickers to out perform the index so the market would self correct .I'm curious, which st0cks could potentially become the next META in terms of growth. I've allocated $350k for investment, looking for companies to make additions to boost performanc

[ragmanintx]

Same reasons I don’t buy restaurant stocks… impossible for me to have any clue where public fickleness will trend

[davidepattibiomed]

Lulu does not make shoes, which is NKE s business.

[fazal]

We need to consider lots of competition with lower price items but still great quality

[nicolasciani]

If you see the inflation rising, and the renevue at the same level than the previous year, in reality you have less revenue than the previous year. So the revenue is less than you Im from Argentina!

[tariktan]

Hi Daniel, I would greatly appreciate your comments about GSY after the recent dip. Thank you for your videos!