Author holds 6,000 shares at $41; cites $40 support, EPS beat ($0.20 vs $0.11), and new CFO as catalysts. If bad news is priced in after a ~50% drawdown, any positive turnaround signal could trigger a re-rating. Long NKE targeting $80 within the next year. A daily close below $40 invalidates the support thesis; weak growth, margin pressure, and lowered guidance could keep pushing it lower.
Author holds 6,000 shares at $41; cites $40 support, EPS beat ($0.20 vs $0.11), and new CFO as catalysts. If bad news is priced in after a ~50% drawdown, any positive turnaround signal could trigger a re-rating. Long NKE targeting $80 within the next year. A daily close below $40 invalidates the support thesis; weak growth, margin pressure, and lowered guidance could keep pushing it lower.