Could Buying Nike Stock Today Set You Up for Life?
NIKE(NKE) The Motley Fool·2024-10-20 17:10
Over a long enough time horizon, this consumer discretionary stock has been a big winner.Nike (NKE -0.58%) was once a surefire moneymaking machine for shareholders. The global sportswear leader produced a monster total return of 3,600% in the 20-year period that ended November 2021, almost 7 times what the S&P 500 generated during the same time.The business made those longtime investors extremely wealthy. However, shares are currently 53% below the peak from roughly three years ago, as the company is dealin ...