1 Magnificent S&P 500 Dividend Stock Down 52% to Buy and Hold Forever
NKENIKE(NKE) The Motley Fool·2024-08-31 17:27

Wall Street has left the Swoosh for dead. That could be a colossal mistake for some and an opportunity for others.Shoe and sports apparel giant Nike (NKE 0.07%) is one of the all-time best-performing stocks, but you wouldn't know if you've owned shares over the past few years. The stock has lost roughly half its value since peaking in late 2021. Sluggish sales momentum and competitive pressure have many declaring Nike a dinosaur beyond its best years.Nike deserves some criticism. Management has admitted tha ...