Tuttle’s Takeaway on Nike ($NKE)
Tuttle’s Takeaway - individual stock research for premium members
Here are Tuttle’s Takeaway’s on Nike ($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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