Nike Stock Has Been Plummeting: Is It a Brilliant Buying Opportunity Over the Next 5 Years?

Despite being a leader in the global sportswear market, Nike (NYSE: NKE) has made it extremely easy for investors to be bearish about its business lately. In the past five years, its share price has tanked by 43% (as of Oct. 3). Nike now trades 59% below the record high it set in November 2021. Contrarian investors might view this as an opening to put some money to work. But is this consumer discretionary stock a brilliant buying opportunity over the next five years? There are legitimate arguments on both sides of the question. Image source: Nike.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool