Nike: For now, hold shares

Filed under: NIKE, Inc'B' (NKE)

Nike has strong fundamentals, an exceptional brand, and ample opportunities to expand in emerging markets. And yet the stock has meandered for the better part of four months -- straddling the critical 50-day moving average. What's going on here?

More than likely, institutional investors are concerned that Nike, Inc. (NYSE: NKE) will fall prey to consumer pull-back, even though 60% of the company's sales are outside the now 'frugal consumer' U.S.

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Nike: For now, hold shares originally appeared on BloggingStocks on Mon, 14 Sep 2009 17:20:00 EST. Please see our terms for use of feeds.

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