Should one invest in Nike?

Good late night  Dolls,

Yes, I’m a professed night owl 🙂

Happy Monday to you all!  I hope you had a great weekend.  This weekend I was humbled to be in the space of women who are survivors of domestic violence. It was a  fantastic gala and I enjoyed it immensely.  In addition, to this, I participated in an event in Bedford Stuyvesant called Bed Stuy Live the following day.  I had the chance to listen to underground artists (unsigned singers), while enjoying the vendors selling their products.  Finally, my son came home to visit and I was beyond happy 🙂

So when we left off last week, I mentioned that I would talk about investing with Nike and should you do it.

As we know, Colin Kapernick re-signed with Nike in September.  Yes, he did have a contract with Nike before that was about to expire.  His contract was re-negotiated and he is now part of the 30th anniversary “Just Do It” campaign.  As you can imagine, there has been a lot of  conversation around the stock price dropping because of all the controversy surrounding Kapernick and supporting his stance on taking a knee during the national anthem.  However, according to reports, nothing could be further from the truth.  For those that believed Nike would collapse, have been sadly mistaken at the moment.  Nike’s stock over the past 12 months, has climbed 50.2%$$$$$.  Analysts believe that the investment in Nike will be good in the long run, catering to their target market.  While people have definitely sold their stock in Nike,  people are buying 300% more shares than they are selling.  In the grand scheme of things, remember the trick I wrote about a few months back. Buy stocks at a low price and sell them at a high price, where hopefully you will gain a profit.

The longer you are able to leave money in the market, the performance of stocks has proven to withstand the volatility.

Note: This is based on articles read.  Before investing, do your research and make the decision that is right for you.:

I am taking requests from people in the group.

You can send me an email at:  thefinancialcomforter@gmail.com or respond in this post.

If no one responds, I will discuss the “Robinhood App” for investors.

Thank you and have a great night,

Marsha

Changing the lives in our community…one person at a time

 

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