Nike Underdog Commentary and Turnaround Potential

about 1 month ago

Josh

"Nike, this is one that's a sad story. Nike is an underdog that remains under the level of Wall Street's love and affection. They're not buying the stock. It is now officially all the way back to the 2020 pandemic floor lows. So, it is potentially getting to a place where it could be a turnaround story, but according to the PSM score that I'm going to give it to you today, it has yet to signal reversal."

The speaker describes Nike as a neglected underdog currently trading at 2020 pandemic floor lows. While it may offer turnaround potential, the current PSM score does not signal a reversal, suggesting caution despite the possible long-term opportunity.

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