If the shoe fits, wear it

If the shoe fits, wear it

NIKE Inc. (NYSE: NKE): With the new school season upon us, kids and young adults are headed to school. They will need new footwear, apparel, accessories and equipment to walk around in and participate in physical activities.

NIKE Inc. (NYSE: NKE) is worldwide recognized brand that is affordable, and also endorsed by some of the biggest athletes and celebrities in the world.

NIKE Inc. (NYSE: NKE) has a 52-week high of $60.53 (U.S.) and a 52-week low of $49.01 (U.S.). It last traded at $52.40 (U.S.) on Sept 7th, 2017

On Sept 5th, 2017, NIKE Inc. (NYSE: NKE) announced plans to release its first quarter fiscal 2018 financial results on Tuesday, Sept. 26, 2017, at approximately 1:15 p.m. PST, following the close of regular stock market trading hours (https://www.stockhouse.com/news/press-releases/2017/09/05/nike-inc-announces-first-quarter-fiscal-2018-earnings-and-conference-call)

You want to look at “blue chip” stocks near 52-week lows before they have significant news out. NIKE Inc. (NYSE: NKE) is the kind of company that will be around until the sun explodes or we all die in nuclear holocaust.

With their financials expected to come out on Sept 26th, 2017, which is only 18 days away, I think it is very opportune time to look at NIKE Inc. (NYSE: NKE)

Alex Horsley
Bull Market Letter
Founder and Chief Editor
C: 604.618.3058
O: (604)773-7269

Full disclosure: Mr. Horsley does not own Nike, Inc. shares and this is not a paid advertisement. Investing involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Nothing contained herein should be construed as a warranty of investment results or advice. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. All information provided or contained in this communication should not be reproduced, copied, redistributed, transferred, or sold without the prior written consent of the sender. This communication including any information transmitted with it is intended only for the use of the addressees and is confidential. If you are not an intended recipient or responsible for delivering the message to an intended recipient, any review, disclosure, conversion to hard copy, dissemination, reproduction or other use of any part of this communication is strictly prohibited, as is the taking or omitting of any action in reliance upon this communication. If you receive this communication in error or without authorization please notify us immediately by return e-mail or otherwise and permanently delete the entire communication from any computer, disk drive, or other storage medium.

Related Posts

Leave a comment