Sep 20, 2024
 in 
Hot Stocks 🔥

Nike Spikes: Who Is Elliott Hill? | Nemo

Name of opportunity: 👀

Nike, Inc

New CEO: ✨

Nike has been having a tough year, having dropped 13.27% in the past 6 months. In a move that has really excited investors, the company has replaced its previous CEO John Donahue with former Nike senior executive Elliott Hill. Since the news came out, the price of Nike stock currently sits 7.35% above where it was before. 

Elliott Hill’s history with Nike begins in 1998, when he started as Intern, Apparel Sales Representative. He has previously shared that he begged Nike to hire him for the position - his persistence paid off and kicked off a great career with the company. When he retired in 2020, he reached the position of President, Consumer and Marketplace. 

How hot is this investment opportunity? 🔥🔥🔥

Analysts predict the price of Nike, Inc. will increase from $86.87 to $106.56 in the next 12 months. If you invested $1000, you might profit $315.82.

The company is currently rated as a ‘Buy’. One reason for investors’ confidence in Nike stock is of course Elliott Hill. People believe his deep understanding of the company will give Nike a real boost. In his previous role as President, Consumer and Marketplace he led the company to grow to over $39 billion.

Bill Ackman, the famous billionaire investor, recently revealed that he holds a stake in Nike, which some investors have taken as an example to follow (albeit on a smaller scale than his company Pershing Square’s $229 million stake).

Nike is in ‘Above Average’ financial health and also pays dividends that analysts have called ‘Average’. The dividend yield of 1.77% could be a good addition to an income investor’s portfolio. If you invested $1000, you would be paid $17.70 a year in dividends (based on the last 12 months). Nike enjoys a high level of brand recognition, being incredibly well known. This summer it sponsored many athletes at the Olympics. After Simone Biles won her seventh gold medal on 31 July, two million people visited the website - which resulted in 86,900 online sales.

Sporty: 👟

NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). 

Which neme?: 🔍

‘Moderate Volatility Stock’, ‘Popular Dividend Stocks’, ‘Sports’ and ‘Top Stocks For Beginners’

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Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.