$Nike(NKE.US)
Background:
Nike’s turnaround is still weak: Q1 FY27 revenue fell 4%, China sales fell 26%, and Nike now expects FY27 revenue to decline high-single digits.
My trade:
Bought at an average cost of $57.57.
Takeaway:
Sell / exit on strength. I wouldn’t keep holding just to recover the $57.57 cost. The turnaround may take until FY28, and there are better places for your capital. will sell it off when the price rebounds a little bit. so disappointing
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