A promising and stable stock [Cool]
Introduction:
-The largest athletic footwear and apparel brand in the world.
-It design, developed and market athletic apparel, footwear, equipment and accessories in many categories.
-Footwear generated 2/3 of its sales.
-Nikes brand Include Nike, Jordan, and Converse.
-Nikes sells its production to more than 300 factory in more than 30 countries.
Fundamental background[Victory]
-revenue increasing trend
-net income adj reduce slightly from 4163 to 4157 in may
-roe(adj) reduce slightly from 29.75% to 27.73%
-diluted EPS adj increase from 3.56 to 3.75
-total debt to equity ratio 0.82
-fcf reduce slightly from 5962 to 4430 in may
Technical analysis
-price was strongly above ema5 and approaching ema100 until last Friday and close slightly below ema100
Why this stock[Doubt]
-footwear and accessories industry instead of technology industry that is highly volatile in current recession period
-strong fundamental support
-able to suprised the earning expectations continuosly since September 2020
-current discounted price with ~15% margin of safety currently[Thinking]
A major pullback in market this week, a good time to enter for you??[serious]
@Daily_Discussion@TigerPM@TigerStars@CaptainTiger
Comments