Is Nike Stock a No-Brainer Buy Right Now?

By Neil Rozenbaum – Jul 1, 2024 at 5:00AM

NYSE: NKE

Nike

Market Cap

$115B

Today's Change

(-1.03%) -$0.79

Current Price

$76.04

Price as of July 2, 2024, 4:00 p.m. ET

Nike is experiencing one of its worst moments as a publicly traded company.

In this video, I will talk about Nike's (NKE -1.03%) recent earnings report, which saw the stock crash 20% on Friday, June 28.

*Stock prices used were from the trading day of June 28, 2024. The video was published on June 30, 2024.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.