Name of opportunity: 👀
Nike, Inc
Blue chip: 💙
To call a stock ‘blue chip’ means that people think it's a major company - perhaps market leading - and that they think investing could bring steady earnings. Companies that are referred to as providing this kind of stock usually have a high market value, often at least US$100 billion - like Nike, which comes in at US$137 billion.
How hot is this investment opportunity? 🔥🔥🔥
Analysts at Forbes Advisor and The Motley Fool have recently listed Nike in their top blue chip stocks for investors to jump on board with right now. The company turns a high profit, achieving a global gross profit in 2023 of US$22.3 billion. While the value of Nike’s stock has dropped since its peak in 2021, that means it’s now cheaper to buy than before, and some consider it to be undervalued. It’s estimated by analysts that Nike stock could increase in value by 15.92% over the next 12 months, with the potential to bring those who invest $1000 a profit of $159.19.
The overall analyst recommendation is that Nike is a ‘Buy’.
The stock also pays dividends, although the amount paid out to investors is lower than average, with a dividend yield of 1.51%. However, as part of a portfolio of other investments, that 1.51% is a little more money in your pocket.
Sporty: 🏟️
Nike was founded in 1964 under the name Blue Ribbon Sports and went public in 1980, meaning that investors could get involved in the company’s growth. The American athletic footwear and apparel corporation is also a major manufacturer of sports equipment from golf bags to basketballs. However, the company makes most of its money from footwear. Nike’s ‘Just Do It’ slogan is famous around the world, encouraging people everywhere to get into sports and get moving.
Which neme?: 🔍
'Top Stocks For Beginners’, ‘Sports’, ‘Popular Dividend Stocks’, ‘Moderate Volatility Stocks’
Download Nemo to check out Nike and competitors like Adidas
