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On CNBC earlier Wednesday, Evercore ISI analyst Omar Saad said Nike Inc (NYSE: NKE) has "one of the best entry, points for the stock in the last 20 years."
He followed this bullish commentary saying, "Not only do we believe that recent mishaps are now largely in the rearview mirror, but we were encouraged to hear management's confidence that North America will return to growth in [the fiscal first quarter] and then accelerate throughout the rest of [fiscal year 2017]."
Nike shrugged off concerns of a more competitive landscape, along with Brexit concerns, which make up 25 percent of the company's revenue. The athletic retailer finished Wednesday's session up 3.84 percent at $55.13.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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