Sep. 20 at 12:22 PM
$NKE Probably the most hated stock of the moment. “Go woke, go broke” is the slogan that comes up most often on X whenever Nike is mentioned. When companies mix ideology with business, this is what happens. Just look at the other cases already on the table, Jaguar being one of the clearest. Has Nike hit bottom? Looking at the fundamentals, you could argue we’re close. Looking at the monthly chart, the bottom can still go lower. This 15-year Nike chart shows something the bulls did not want to see. No position for me.