Nike is a bargain now
backgrounds
At the moment, these prices are truly bargain sales. Maybe I missed the part where people around the world stopped buying Nike. Apparently Nike's sales are worse than in 2018!
The trading volume on June 28 is 129,996,982. Currently, the market is high-tech stocks $Tesla(TSLA.US$ and $Palantir(PLTR.US$ I'm very obsessed with brands such as. $Invesco QQQ Trust(QQQ.US$ and $SPDR S&P 500 ETF(SPY.US$ Then, new highs are recorded every day, so something as boring as Nike is far from the excitement everyone would expect. There's nothing appealing about it at all.
The day with the lowest turnover was around 15.95 million cards on any day after the Great Crash. There is no precedent for trading volume on the day of the big close. The day with the second highest turnover in the past 10 years was 2015/12/23. Ridically, it's almost the same price! The high price at that time was 68.20, which hit an all-time high.
The difference with high volume trading volume here is the opposite. Massive demand is showing up here. In the past, large trading volumes were correlated with being close to large highs. However, Nike was not near the high price just before the fall.
Here's why “it's a bargain now”
What I'm saying is that finding the bottom means leaving people alone. Even enthusiastic people who were less than 1% likely to sell before closing are ready to sell now, and are still selling. That is probably ongoing, and if there is no equal demand, such turnover cannot be moved here. Prices haven't moved much. The high price was 79.05, and now it's down to 72.
Let's take a look at actual earnings:
Over the past 10 years, earnings have continued to rise. Even if the company has stalled, so to speak, these prices are far from the reality of actual income.
See PER below.
The panic began in mid-September, and then it hit rock bottom in the next two weeks. However, they resisted high price updates. This is reflected in the low prices in the micro-high price range up to mid-November. In other words, it is expected that attempts to increase stock prices in the short term will clearly be counteracted. In particular, if it rises to 78 yen, the low price will have to be retried several times over the next few months.
Such a retest should end at a high price within the same day, just like Adobe did. That's probably proof that people are buying 10/10 dips.
That won't happen overnight, but I think there is a possibility that stock prices will fill the gap within the next 3 to 4 months. Even if the situation gets “bad” during the election period, Nike has already won business.
Everybody hates Nike. That's all you really need to know.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
