Bullish Case: Nike's innovative product pipeline, Olympic showcase, and history of resilience suggest potential for rebound despite recent skepticism and short-term volatility.


Bearish Case: Nike's recent controversy over Olympic uniforms, innovation challenges due to remote work, and increased competition may weigh on brand image and stock performance.


Potential Outcomes:

1) Positive Olympic response increases sales - 40%.

2) Remote work realignment fails, stifling innovation - 35%.

3) Uniform backlash causes brand damage - 25%.


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April 17, 2024


Nike Forecast

NKE        Nike
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

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SBUX Forecast + Options Trading Strategies   [SBUX]  Starbucks (0.82)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (0.81)


HE Forecast + Options Trading Strategies   [HE]  Hawaiian Electric Industries (0.76)


CMCL Forecast + Options Trading Strategies   [CMCL]  Caledonia Mining (0.76)


PENN Forecast + Options Trading Strategies   [PENN]  Penn National Gaming (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to NKE



VIRT Forecast + Options Trading Strategies   [VIRT]  Virtu Financial (-0.0)


ROL Forecast + Options Trading Strategies   [ROL]  Rollins (0.0)


VIPS Forecast + Options Trading Strategies   [VIPS]  Vipshop (-0.0)


VXUS Forecast + Options Trading Strategies   [VXUS]  Vanguard Group, Inc. - Vanguard Total International Stock (0.0)


HOG Forecast + Options Trading Strategies   [HOG]  Harley-Davidson (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NKE



CNX Forecast + Options Trading Strategies   [CNX]  CNX Resources (-0.74)


USO Forecast + Options Trading Strategies   [USO]  United States Commodity Funds (-0.75)


SU Forecast + Options Trading Strategies   [SU]  Suncor Energy (-0.77)


BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (-0.77)


HMC Forecast + Options Trading Strategies   [HMC]  Honda Motor (-0.8)





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