Will Nike shares sprint higher next week?
Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, clothing, equipment, accessories, and services.
The shares are entering a strong time of the year. From February 18 through to February 26 the shares have gained twelve times in the last fourteen years if you discount the odd year in 2020 on COVID-19 disruption. The average return has been +1.94% over the last 14 years with a 164.20% annualised growth rate. Sportswear was in high demand during lockdowns, so this could make Nike a good stock to buy.
Trade Risks: The main risk to this trade is on a negative risk tone that weighs on US stocks.