Nike Stock: Can We Trust This Breakout? Hosted by Laycee KluinJanuary 9, 2023 ShareLink copied to clipboard. Play video for Nike Stock: Can We Trust This Breakout?DetailsGuestsNike was one of the retail sector's hottest performers until it became one of the worst. What happened? It caught a case of COVID but it’s getting better now. A refocus on DTC, direct-to-consumer, and digital sales has the top and the bottom lines moving in the right direction and getting the attention of the analysts. The takeaway from Nike’s FQ2 report, however, is that inventory clearing actions are not only working but are not cutting into results as feared. Strength in the core shoe business is offsetting weakness in other areas and is expected to continue doing so in calendar 2023. Now, with the stock swooshing higher, it looks like a major melt-up is in the works.Read These 4 Shoemakers Have More Kick Than Allbirds Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNKENIKE4.9862 of 5 stars$61.90+2.3%2.58%19.10 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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Hosted by Laycee KluinJanuary 9, 2023 ShareLink copied to clipboard. Play video for Nike Stock: Can We Trust This Breakout?DetailsGuestsNike was one of the retail sector's hottest performers until it became one of the worst. What happened? It caught a case of COVID but it’s getting better now. A refocus on DTC, direct-to-consumer, and digital sales has the top and the bottom lines moving in the right direction and getting the attention of the analysts. The takeaway from Nike’s FQ2 report, however, is that inventory clearing actions are not only working but are not cutting into results as feared. Strength in the core shoe business is offsetting weakness in other areas and is expected to continue doing so in calendar 2023. Now, with the stock swooshing higher, it looks like a major melt-up is in the works.Read These 4 Shoemakers Have More Kick Than Allbirds Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNKENIKE4.9862 of 5 stars$61.90+2.3%2.58%19.10 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatAn AI run of epic proportions is only getting startedI just put together an urgent new presentation that you need to see right away. In short: I believe we are...Timothy Sykes | Sponsored7 High-Growth Stocks Under $10 Many risk-tolerant investors love to find high-growth stocks trading under $10. They understand that this is...MarketBeatWhen This Happens, You Don’t Wait. You Act.This same signal has appeared twice before in the past 8 years — both times, it kicked off major moves in cryp...Crypto Swap Profits | Sponsored10 Cheap Dividend Stocks to Buy TodayThe stock market has always been unpredictable, but unprecedented world events have made the market even more ...MarketBeatBREAKING: Trump vs. Elon Feud Threatens Your Retirement – Protect Yourself NOW"This isn't just a war of words. This is a financial time bomb. The escalating battle between Donald Trump a...American Alternative | SponsoredHow to Invest In Growth StocksThe stock market has been growing since the New York Stock Exchange opened its doors in 1817. Sometimes, a sto...MarketBeat
