What do you think of the $NKEresults ? Will anyone be buying in today after a 7% drop ?
Nike reported results yesterday that beat expectations, but the stock fell about 7% in the aftermarket. The drop was due to news that the company expects a significant drop in sales. Fortunately,I don't have$NKEstock in my portfolio, but I believe the company will recover over time and start growing again.
I have honestly never been interested in this sector and there are better opportunities on the market right now. I'd rather focus on the technology stocks right now.
The outlook for the next quarter doesn't look very optimistic, but I bought in after the drop and increased my position.
The results didn't turn out so well and I definitely won't be buying.