Just Don't: A Look At Nike, The Dow's Only Red Stock This Year

Nike Inc NKE shareholders may have spent most of 2016 feeling like outcasts, and for good reason. With the trading year drawing to a close this week, Nike is the lone component of the 30 stocks in the Dow Jones Industrial Average that is in the red for the year.

On Thursday morning, Pension Partners director of research Charlie Bilello tweeted out the graphic below showing the sad state of affairs for Nike stock in 2016.

While the rest of the index has pushed to new all-time highs this year, margin pressures and disappointing guidance numbers from Nike have traders taking profits on what had previously been one of the most consistent performers in the market over the past decade. As Bilello pointed out, Nike has delivered double-digit gains ranging from +14 percent to +55 percent in each of the past seven years.

The only exception was 2012 when the stock fell 1 percent short of double digits at +9 percent.

Long-term Nike shareholders that are disappointed in the stock’s 2016 performance can at least take comfort in the fact that Nike has performed so well in recent years that the stock has still outpaced the SPDR Dow Jones Industrial Average ETF DIA by roughly 50 percent in the past three years.

The stock closed at $51.06.