Should Investors Buy Nike's (NKE) Stock for a Rebound Ahead of Earnings?
NKENIKE(NKE) ZACKS·2024-06-27 06:25

Seeing as Nike (NKE) is the dominant retailer as it relates to sports apparel, investors may be wondering if it’s time to buy stock in the “Just Do It” company for a rebound ahead of its fiscal fourth quarter results after market hours on Thursday, June 27. Despite its industry leadership and market dominance, Nike’s stock has dropped -13% this year on concerns of slower revenue growth particularly among digital sales in what it says is a challenging macro environment and a need to revamp its product life c ...