3 Reasons to Buy Nike Stock Like There's No Tomorrow

Nike (NYSE: NKE) stock was a monster winner in the five years leading up to its peak in November 2021, soaring by 255% during that time frame. But it has been wildly disappointing since then as softer demand hurt its financial performance, and it now trades about 58% below that record high. However, investors who can look past the near-term headwinds at the bigger picture will see some traits to be optimistic about. Here are three reasons to buy this consumer discretionary stock like there's no tomorrow.Nike has a wide economic moat that comes from its powerful brand. No business has comparable mindshare in the sports apparel and footwear market. This provides it with strong pricing power, which has been reflected in its 44.6% average gross margin over the past 10 years. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool