$Nike (NKE.US)$I don't care what the analyst says. Nike is an institution and it will be back Put your money here, suffer a little bit now and in a few years the rewards will be big
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Prosperity8888
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Problem is it hasnt reach its bottom. Nike sales in China account for almost 25%. Before this ,Nike has already reduced its profit outlook. Now with these tariffs war, expect Nike sales to plunge even more especially wheb the world is against US brands and companies. If recession were to hit, it will take years for Nike to achieve profit again
Saywallahcuzzy
OPProsperity8888
:
this should apply to all the big sport brands. They are all supplied by Chinese fabric companies and all made in China
Saywallahcuzzy
OPProsperity8888
:
actually, have a think of what you have said. if they sell 25% in China and they are made there. how are the tariff going to impact them?
Prosperity8888
Saywallahcuzzy
OP
:
Nothing to do with tariffs in china but more on sales. Nike products are mostly Made In Vietnam so the tariffs doesn’t affect Asia region but Nike being a well known American brand will indirectly be implicated in this tariff war. The chinese have no shortage of their sports brands to purchase. You can take Tesla as an example almost every countries in the world is now boycotting it, so if this escalates American companies like Nike, Starbucks will definitely see sales dropped.Since Nike is not a major manufacturer in China the Chinese government might even allow counterfeit to flood the market further affecting Nike sales.
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70882358 : good luck
卡波猫 : don't short it, but can start buy in at $45 and dca from there