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Tuttle’s Takeaway on Nike ($NKE)

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Tuttle’s Takeaway on Nike ($NKE)

Tuttle’s Takeaway - individual stock research for premium members

Darin Tuttle
Jun 27, 2022
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Tuttle’s Takeaway on Nike ($NKE)

newsletter.tuttleventures.com

Here are Tuttle’s Takeaway’s on Nike ($NKE) which we plan to share on TV tomorrow before earnings:

  • Bulls say $NKE is a consumer staple with luxury gross margins and a generational brand.

  • Bears say $NKE is still not cheap at 47 P/FCF and plenty of better deals in consumer discretionary space. As a worldwide business, Nike is exposed to near term global issues like the war in Ukraine, shipping problems, and rising input costs due to inflation. 

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