These Laggards Appear To Have Bottomed: NIKE And Starbucks
NKENIKE(NKE) Forbes·2024-08-19 00:00

Photo by Michael M. Santiago/Getty ImagesGetty ImagesThe stock market correction appears to be over. The decline tells us that less technology stocks will participate. These shares will be replaced by stocks that were not part of the rising tide in the first half. NIKE and Starbux are both likely to outperform through yearend.Nike appears to be ending a five-year decline. The technical picture in graph 1 shows the protracted decline. Monthly, price has retraced 61.8% of its 2021-2024 decline. The stock is, ...