Nike Stock Plummets 20% Despite Earnings Beat!

Nike's stock just dropped by nearly 5%, despite beating earnings expectations with $0.99 per share versus the expected $0.84. However, they missed on revenue, reporting $12.6 billion against the anticipated $12.86 billion. This is a significant decline from their all-time high of $179 per share in November 2021, now down 50%. We own Nike stock, and while we’re excited about the drop, hoping it goes to $40 per share, we caution against buying just because others do. Our channel aims to change how you view investing, emphasizing the importance of long-term thinking and understanding market fluctuations. Nike’s consistent growth and solid fundamentals suggest they’ll be around for a long time, but this drop is a reminder of the cyclical nature of markets. Subscribe for more insights and in-depth analysis.

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