Nike crushed 7% yesterday. I'm no fan of Nike's management, but nonetheless it's an important gauge of the wounded US Consumer. NKE's recent plunge verifies the collapse in Consumer Confidence. Note the relative performance for Nike...DJT's term vs. Sleepy's...
DTC darling Allbirds is now trading under $5 as investors demand profits over buzz. Analysts say to have any chance to compete with Nike and Adidas, it'll have to expand beyond those 'iconic' fuzzy sneakers.
After suspending operations following the invasion of Ukraine, Nike is permanently exiting the Russian market. If the war ended tomorrow, do you think we’d see US companies quickly re-entering the market? $NKE #Ukraine
Especially proud to be a part of the Nike family today. #justdoit