Can Nike (NKE Stock) rise further on its online strategy? [Video]
Premium|Take advantage of 50% OFF on your first month.
50% OFF and access to ALL our articles and insights.
You have reached your limit of 5 free articles for this month.
Take advantage of the Special Price just for today!
50% OFF and access to ALL our articles and insights.
Subscribe to PremiumThe Federal Reserve is slowly edging towards policy normalization. The prospect of rising interest rates is usually beneficial for discretionary consumer purchases. Why? Because rising employment means that consumers feel more confident to make non-essential purchases. Nike has some strong seasonals as we come into August.
Over the last 15 years, Nike has risen a total of 13 times in 15 years between August 02 and September 30 with an average return of +7.78%. The largest gain was in 2020 with a 27.67% gain as Nike made a very successful pivot to direct selling to customers online. This strategy was a great one for the COVID-19 pandemic.
Major Trade Risks: Any negative supply chain issues could weigh on Nike Stock.
The Federal Reserve is slowly edging towards policy normalization. The prospect of rising interest rates is usually beneficial for discretionary consumer purchases. Why? Because rising employment means that consumers feel more confident to make non-essential purchases. Nike has some strong seasonals as we come into August.
Over the last 15 years, Nike has risen a total of 13 times in 15 years between August 02 and September 30 with an average return of +7.78%. The largest gain was in 2020 with a 27.67% gain as Nike made a very successful pivot to direct selling to customers online. This strategy was a great one for the COVID-19 pandemic.
Major Trade Risks: Any negative supply chain issues could weigh on Nike Stock.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.