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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The Dow Jones Industrial Average (^DJI 1.07%) index started to crack in March, falling 4.2%, with 73% of its 30 blue chip stocks ending the month in the red. Nike (NKE 0.74%), Walt Disney (DIS 1.48%), and Nvidia (NVDA 3.86%) were the worst-performing Dow stocks in March, and they've fallen further this month.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Don Kaufman with @Theotrade goes bullish on Nike (NKE) as current technicals present a buying opportunity for him. However, he shows his bearishness in JPMorgan Chase (JPM) and the iShares MSCI Emerging Markets ETF (EEM).
Investors wake up to market volatility every day amid the unfriendly political environment.
At a time when its knack for innovation is in question, Nike on Wednesday announced a project to help Kenyan running superstar Faith Kipyegon do what no woman ever has: run a mile in under four minutes.
Investors who thought sports apparel and shoe company Nike (NKE 1.75%) was a good buy at the end of 2024, following a 30% decline, have unfortunately been dead wrong -- at least for now. Year to date, the stock has fallen another 28%.
The shoe giant's effort to find alternatives to Asian factories that churn out a dazzling variety of its sneakers is a cautionary tale.
It's been a tough start to 2025 for investors amid concerns regarding the strength of the U.S. economy and uncertainties over the effect of sweeping changes in trade policy under the Trump administration. At the time of writing, the S&P 500 index is down about 8% year to date.
Nike's stock has dropped significantly, but its strong brand power and profitability, with a PE ratio of 18, suggest a potential value investment. Director Robert Swan's recent $500,000 share purchase indicates insider confidence, while Nike's 44% gross margin and 20% ROIC highlight continued shareholder value creation. Despite tariff challenges and inventory issues, Nike's strategic "Win Now" plan and substantial cash reserves position it well for long-term growth and stability.