The Associated Press
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Athletic products provider Nike Inc. may soon see more market action as the World Cup in Brazil gets underway. In previous instalments of the World Cup dating back to 1990, Nike stock has typically topped out in the spring, sold off through the tournament, and bottomed out in the fall before recovering.
The stock has been a winner in the recent past, with a one-year return of nearly 20 per cent in the past year, and 160 per cent in the past five years. Should investors consider playing the expected volatility in the stock this World Cup year?
This StockReports+ report suggests it is worth close examination. StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. The score for Nike reached a three-year high of 10 out of 10 this week, thanks primarily to an improvement in the Inside Trading component score.
Read more in this comprehensive report.
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